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    320 Grand Ave Okmulgee, OK 74447

    For Sale
    $775,000

    10-Unit Apartment Building, High ROI

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional investment opportunity in downtown Okmulgee, Oklahoma. This 10-unit apartment building, originally constructed in 1920, has undergone a complete renovation in 2024. The property boasts 4,500 square feet and features brand new flooring, paint, appliances, fixtures, HVAC mini-split systems, plumbing, and electrical. A new TPO roof has also been installed. The asking price is $775,000, representing a price per unit of $77,500 and a price per square foot of $172.22. The property generates a strong net operating income (NOI) of $81,680, resulting in a compelling 10.54% capitalization rate. An additional lot (4,404 sq ft) is included, providing ample space for parking improvements, potentially including covered parking. This lot also presents the opportunity to create a gated entrance and courtyard area. The building's location in downtown Okmulgee caters to the growing demand for housing among students and young professionals. This property offers significant potential for future appreciation and presents a unique opportunity to own a renovated, income-producing asset in a revitalizing urban core. The two-story building sits on a single lot at 320 N Grand Ave, Okmulgee, OK 74447.

    Property Features for 320 Grand Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,500 SF

    Building Details

    Year Built/Renovated
    1920/2024
    Buildings
    1
    Stories
    2
    Units
    10

    HighLights

    • 10‑Unit Multifamily Property, $825,000 asking price
    • Completely remodeled 1920s building
    • Prime downtown Okmulgee location
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okmulgee
    County
    Okmulgee
    State
    Oklahoma
    Longitude
    -95.9720024
    Latitude
    35.6255203

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    FAQs

    What type of property is this?
    Multifamily property - 10-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 320 Grand Ave Okmulgee, OK.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: 10-Unit Multifamily Property, $825,000 asking price; Completely remodeled 1920s building; Prime downtown Okmulgee location
    Request Owner's contact information
    320 Grand Ave Okmulgee, OK 74447
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    Okmulgee, OK 74447
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    320 Grand Ave Okmulgee, OK 74447
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