Sapulpa Residential Investment
932 W Teel Rd, Sapulpa, OK 74066
Eight vacant residential units ripe for renovation in Sapulpa, Oklahoma.
Type:Multifamily
Property size:
6,300 SFPrice / SF:
$134/SF- Added:
- Feb 3, 2026
- Days on Market:
- 144
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 932 W Teel Rd
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Property subtype
- Multifamily
Listing office All Phase Realty
Listing date Feb 3, 2026
Source Crexi
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 All Phase Realty
HighLights
- High ROI Potential: Affordable purchase price in Sapulpa allows for potentially high rental yields.
- Strategic Location: High‑visibility location in a growing area of Sapulpa, near downtown and along historic Route 66.
- Renovation Opportunity: Potential to modernize and enhance the property to meet current demand for updated housing.
- Landlord‑Friendly Laws: Oklahoma offers favorable regulations for landlords, including fast eviction processes.
- Growing Market: Sapulpa is a growing sub‑market of Tulsa with a need for more housing units.
- Additional Income Potential: Includes a large shop that can be used for storage or rented out.
Overview
Located in Sapulpa, Oklahoma, this property features eight vacant residential units, presenting an investment opportunity to revitalize a key community gateway. The property is positioned to benefit from local economic development, providing an accessible living option near downtown along the historic Route 66 corridor. The units offer the chance to implement modern, energy-efficient design standards, catering to the increasing demand for rental or ownership housing in the region. Revitalizing this property will contribute to the overall beautification of the neighborhood. With renovations planned for completion in 2025, the units can be transformed into a residential spot, blending historical charm with modern convenience. The property is in a rural area and includes a lagoon. Additionally, there is a large shop that can be used for storage or rented out for additional income. The property size is 6300 square feet. Owning rental property in the Sapulpa, Oklahoma area offers high-yield potential due to affordable purchase prices and strong demand in a suburban setting. Investors benefit from Oklahoma's landlord-friendly laws, including fast eviction processes, alongside steady cash flow and appreciation potential in the growing Tulsa metropolitan area.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.5k | $14.52 |
| − Vacancy | −$9.8k | −$1.55 |
| EGI | $81.7k | $12.97 |
| − OpEx | −$36.8k | −$5.83 |
| NOI | $44.9k | $7.13 |
6,300 SF · lease $14.52/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$641.8K
$561.6K – $748.8K
NOI $44,928 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,447 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Sapulpa
- County
- Creek
- State
- Oklahoma
- Longitude
- -96.129723
- Latitude
- 35.973851
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight vacant residential units ripe for renovation in Sapulpa, Oklahoma.
Where is this apartment building located?
The property is located at 932 W Teel Rd Sapulpa, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High ROI Potential: Affordable purchase price in Sapulpa allows for potentially high rental yields.; Strategic Location: High‑visibility location in a growing area of Sapulpa, near downtown and along historic Route 66.; Renovation Opportunity: Potential to modernize and enhance the property to meet current demand for updated housing.
