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16-Unit Apartment Property

503 W Allen Street, Tahlequah, OK 74464

For Sale
$1,549,000

Two buildings contain fully leased apartments, each configured with two bedrooms and one bathroom.

Property Size5,696 SF
Price / SF$271.95
Days on Market71

Property Features for 503 W Allen Street

General Information

Standard status Active
Size 5,696 SF
Property subtype Commercial
Zoning Commercial
Occupancy 100%

Financials

Asking Price $1,549,000
Gross Income $182,400
Average Monthly Rent $950

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,650

Building Details

Building Size 5,696 SF
Year Built 1978
Buildings 2
Stories 2
Listing Agency: Nofire Real Estate LLC
Listed By: John Nofire
Source: Billwhitescarver
Added: Aug 31 Changed: Nov 7 Last Checked: Nov 8 at 6:22PM

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 Nofire Real Estate LLC

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Investment Insights

Based on property information with market context.

The 5,696-square-foot property comprises two apartment buildings with 16 units, each offering two bedrooms and one bathroom. Built in 1978, the property is fully occupied, and recent improvements have been completed. It is zoned Commercial.

Located at 503 W Allen Street in Tahlequah, the apartments are near Northeastern State University and local healthcare and higher-education facilities.

Key Highlights

  • 16 apartments across two buildings
  • All 16 units are two‑bedroom, one‑bathroom apartments
  • 100% occupancy

Property Analytics

Lease Details

16
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby

Demographics for 74464, OK

31,256
Population
13,502
Households
2.3
Avg Household Size
34
Median Age
32%
College-Educated
90%
High-School Grad
253.8 sq mi
ZIP Area
123
Density / Sq Mi
$51,362
Median Household Income
$33,439
Median Earnings
$793
Median Rent
$169,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings contain fully leased apartments, each configured with two bedrooms and one bathroom.
Where is this apartment building located?
The property is located at 503 W Allen Street Tahlequah, OK.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: 16 apartments across two buildings; All 16 units are two‑bedroom, one‑bathroom apartments; 100% occupancy
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