28801 141st S st - Apartments FOR SALE


Coweta, OK 74429
$1,850,000 USD
918-520-5325
28801 141st S st, Coweta, OK for Sale
$1,850,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

28801 141st S st
Coweta, OK 74429


OVERVIEW

Coweta 6 Unit | New Construction Lease-Up Opportunity | Zoned RM-1 Offered at $1,850,000 | 6.46% Pro Forma Cap Brand New 6-Unit Townhome-Style Property Investment Highlights • New Construction (2025): Turnkey 6-unit townhome-style multifamily asset—no deferred maintenance • Lease-Up Strategy: 2 of 6 units leased, 4 units available to stabilize at market • In-Place Income: • One tenant on 12-month lease at $2,220/month • One tenant on 3-month lease at $3,400/month, then month-to-month • Pro Forma NOI: $119,586 annually with 6.46% projected cap rate at $1,850,000 • Bonus Income: (3) 10x20 storage units at $150/unit/month = $5,400/year • Efficient Operations: Projected expenses under $28K annually • RM-1 Zoning: Multifamily medium density with redevelopment upside • Unit Features: Each unit has 3 beds / 2.5 baths, private garage, quartz countertops, stainless appliances, drop zone, walk-in pantry, and laundry near primary suite • Tenant Appeal: Open-concept layouts, modern finishes, no shared walls above or below • No HOA | County Jurisdiction: Easier management, fewer restrictions • Strong Submarket: Coweta is a fast-growing Tulsa suburb with steady rental demand from families, commuters, and workforce renters • Newly constructed multifamily asset featuring six spacious 3-bedroom, 2.5-bath townhome-style units with private garages. Located just off Hwy 51 on E 141st Street S, this property offers an immediate lease-up value-add strategy in a fast-growing Tulsa suburb. • With 2 of 6 units currently leased, investors can capture upside through full stabilization while benefiting from zero deferred maintenance and premium construction quality. Pro forma NOI is $119,586, offering an attractive 6.46% cap rate at asking price.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RM1

APN/PARCEL ID

730020243

ASK ABOUT THIS PROPERTY

Dillon StonerMCP / McGraw Commercial PropertiesMore Info
918-520-5325

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Dillon StonerMCP / McGraw Commercial PropertiesMore Info
918-520-5325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.