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Property profile & analytics
OFF-MARKET
Apartment buildings

208 Main St Spavinaw, OK 74366

2,880 SF 0.62 ac lot Built 1950
Property ID
US69-1492004
Property summary
AI-generated overview

This exceptional property at 208 N Main Street, Unit 208, Spavinaw, OK presents a rare investment opportunity. The building, a former church, has been thoughtfully converted into a versatile multi-family dwelling spanning 2,880 square feet on a 0.62-acre lot. The upper level, accessible from the main entrance, functions as a spacious residence featuring four bedrooms, two bathrooms, a large kitchen, and abundant storage. High vaulted ceilings add to the grandeur of this unique living space. The lower level, a walkout basement, offers a completely separate entrance and comprises four individual studio apartments. This lower level also includes a shared, sizable kitchen and public restrooms, enhancing the appeal and convenience for tenants. The property's current configuration allows for dual functionality: maintaining the upper level as a private residence while generating rental income from the lower level apartments. Alternatively, the entire building could be converted into a fully multi-family property, potentially maximizing rental income and return on investment. This property is priced at $119,900 and offers significant potential for both residential and commercial use. The combination of its unique history, spacious layout, and multiple income streams makes this a truly exceptional investment opportunity in the desirable Spavinaw, OK market.

Property profile
Verified
Property type Apartment buildings
Year built 1950
Total area 2,880 SF
Lot 0.62 ac (27,007 SF)
UPID US69-1492004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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