Building Details

Year Built 1930

Listing Agency: Keller Williams Advantage

Listed By: Alicia Swartz · License #171997 Show Phone

Source: Cheathamrealty

Added: Aug 25 Changed: Oct 4 Last Checked: Oct 7 at 4:49PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises multiple rental properties offered together as a preferred package. The holdings include approximately 41 rental doors, with one property combining commercial and residential uses. The portfolio includes an established rental component and is positioned as a consolidated acquisition rather than a single-building asset.

The properties are located in Muskogee, Oklahoma, including 515 Dayton St. One identified property dates to 1930. Individual properties are also listed separately, while the preferred transaction structure is a sale of the complete package. Tenant access is controlled, with showings and inspections available by appointment after an accepted offer and/or proof of funds, subject to seller determination.

Key Highlights

• Approximately 41 rental doors across multiple properties
• One property includes both commercial and residential uses
• Portfolio properties are preferred to be sold as one package

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,046

Cap Rate

5.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$380,920 $380.9K

Cap Rate 7%

$272,086 $272.1K

Cap Rate 9%

$211,622 $211.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,192 SF

Gross rent

$37.2K $11.64/SF

− Vacancy

−$2.5K −$0.79/SF

EGI

$34.6K $10.85/SF

− OpEx

−$15.6K −$4.88/SF

NOI

$19.0K $5.97/SF

Area

Muskogee County, OK

Vacancy

6.80%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$380,920

Cap Rate 7%

$272,086

Cap Rate 9%

$211,622

Alternative Uses

Best Use

Apartment 5plus

$272.1K

$238.1K – $317.4K (±1% cap)

NOI $19,046 @ 7.0% cap · market cap 5.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$668.1K

$584.6K – $779.5K (±1% cap)

NOI $46,768 @ 7.0% cap · market cap 13.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

954

Businesses Nearby

Explore this area Business Placement

Demographics for 74403, OK

29,419

Population

12,779

Households

2.3

Avg Household Size

40

Median Age

21%

College-Educated

88%

High-School Grad

109.7 sq mi

ZIP Area

268

Density / Sq Mi

$57,171

Median Household Income

$35,732

Median Earnings

$841

Median Rent

$145,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Medical Office Building with Treatment Rooms

2602 Chandler Road, Muskogee, OK 74403

$485,000

3,736 SF

View details

41-Door Multifamily Portfolio

112 S 10th Street, Muskogee, OK 74401

$400,000

4,218 SF

View details

Automotive Service Shop with Drive-Through Bays

627 S 32nd St, Muskogee, OK 74401

$379,500

2,310 SF

View details

Office Building with Storage

1001 W Broadway St, Muskogee, OK 74401

$335,000

4,640 SF

View details

Fenced Religious Facility with Kitchen

3900 Chandler Rd, Muskogee, OK 74403

$219,000

2,528 SF

View details

41-Door Multifamily Portfolio

520 E Okmulgee Street, Muskogee, OK 74403

$400,000

5,000 SF

View details

Corner Storefront with Display Windows

1119 W Okmulgee, Muskogee, OK 74401

$315,000

1,827 SF

View details

Retail Space with Major Frontage

1620 W Shawnee Bypass, Muskogee, OK 74401

$495,000

2,150 SF

View details

NNN-Leased Restaurant Property

3030 W Okmulgee, Muskogee, OK 74401

$1,200,000

3,913 SF

View details

Remodeled Flex Space with Shop

1907 N 11th Street, Muskogee, OK 74401

$517,500

5,758 SF

View details

Automotive Shop with Hwy Frontage

500 S 32nd St, Muskogee, OK 74401

$275,000

1,526 SF

View details

Established Restaurant with Drive-Through

828 Eastside Boulevard, Muskogee, OK 74403

$298,000

1,136 SF

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Multi-property rental portfolio with a mixed-use component and approximately 41 doors.

Where is this multifamily property located?

The property is located at 515 Dayton St Muskogee, OK.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Approximately 41 rental doors across multiple properties; One property includes both commercial and residential uses; Portfolio properties are preferred to be sold as one package