Five-Unit Apartment
For Sale
$300,000
34251 E 700 Rd, Wagoner, OK 74467
Fully occupied rental property minutes from Fort Gibson Lake.
Property Size3,364 SF
Price / SF$89.18
Days on Market56
Property Features for 34251 E 700 Rd
General Information
Standard status
Active
Size
3,364 SF
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA, 1 x efficiency
Multifamily Units
5
Additional Details
Gross Income
$44,100
Building Details
Year Built
1992
Listing Agency:
Keller Williams Advantage
Listed By:
Elizabeth Beaubien · License #175794
(760) 898-0191
Source:
Cheathamrealty
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 7 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Advantage
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Investment Insights
Based on property information with market context.
Built in 1992, this 3364-square-foot apartment property contains five units: four two-bedroom, one-bathroom apartments and one efficiency unit. The configuration combines larger apartments with a compact unit within one multifamily asset.
The property is located at 34251 E 700 Road in Wagoner, Oklahoma, just minutes from Fort Gibson Lake. All five units are currently occupied, providing an established operating profile for the property.
The property is located at 34251 E 700 Road in Wagoner, Oklahoma, just minutes from Fort Gibson Lake. All five units are currently occupied, providing an established operating profile for the property.
Key Highlights
- Five total units: four 2‑bedroom, 1‑bathroom apartments plus one efficiency unit
- 3364 square feet of apartment space
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,612
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,240
$532.2K
Cap Rate 7%
$380,171
$380.2K
Cap Rate 9%
$295,689
$295.7K
Market Conditions
NOI Build-Up for 3,364 SF
Gross rent
$52.5K $15.60/SF
− Vacancy
−$4.1K −$1.22/SF
EGI
$48.4K $14.38/SF
− OpEx
−$21.8K −$6.47/SF
NOI
$26.6K $7.91/SF
Area
Wagoner County, OK
Vacancy
7.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,240
Cap Rate 7%
$380,171
Cap Rate 9%
$295,689
Alternative Uses
Best Use
Apartment 5plus
$380.2K
$332.7K – $443.5K
NOI $26,612 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.5K
$694.3K – $925.8K
NOI $55,546 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 74467, OK
13,981
Population
6,826
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
88%
High-School Grad
154.1 sq mi
ZIP Area
91
Density / Sq Mi
$58,398
Median Household Income
$39,350
Median Earnings
$852
Median Rent
$149,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied rental property minutes from Fort Gibson Lake.
Where is this apartment building located?
The property is located at 34251 E 700 Rd Wagoner, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Five total units: four 2‑bedroom, 1‑bathroom apartments plus one efficiency unit; 3364 square feet of apartment space; Built in 1992
