816 N Main St - Apartments FOR SALE


Broken Arrow, OK 74012- Downtown Broken Arrow
$1,690,000 USD
918-519-3949
816 N Main St, Broken Arrow, OK for Sale
$1,690,000 USD
Apartments - FOR SALE
1/36
null | 7.22% Cap Rate

816 N Main St
Broken Arrow, OK 74012
Downtown Broken Arrow


HIGHLIGHTS

  • Walkable to the Rose District
  • Dedicated parking in rear
  • Ease of Access to the Turnpike

OVERVIEW

The Flats on Main – Investment Offering Rose District – Downtown Broken Arrow, OK Welcome to The Flats on Main, a newly constructed 6-unit multifamily asset located directly on Main Street in the heart of Broken Arrow’s Rose District. This project delivers the rare combination of Class-A construction, walkable downtown living, and strong investment fundamentals in one of Oklahoma’s most desirable submarkets. Positioned in the center of the Rose District’s dining, retail, and entertainment corridor, The Flats on Main sits at the front line of ongoing development momentum. Residents are steps away from award-winning restaurants, boutique shops, festivals, and cultural events that draw regional traffic year-round. This walkability and demand translates directly into premium rent positioning, low vacancy, and long-term stability. Built in 2025, the property consists of three stacked duplex buildings, each offering two 1,334 sq ft modern residences with high-quality finishes, efficient layouts, and contemporary curb appeal. These are high-demand units in a neighborhood where new inventory is limited, and absorption is rapid. This project is a true turnkey investment: no deferred maintenance, no cap-ex, no guesswork. Investors gain immediate exposure to an A-location, A-product asset in a market with strong NOI pro forma. Please reach out to the broker for a showing, more information, or any questions: Levi Green Broker / Piper Management Email: Levi@piperok.com Phone: 918-519-3949

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

6

PRICE/UNIT

$281,667

CAP RATE

7.22%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats on Main - At the Rose District

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

R2

APN/PARCEL ID

78590-84-11-07690

ASK ABOUT THIS PROPERTY

Levi GreenPiper Management, LLCMore Info
918-519-3949

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Levi GreenPiper Management, LLCMore Info
918-519-3949

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