Bartlesville, OK Multi Asset Portfolio FOR SALE


Bartlesville, OK
$900,000 USD
918-720-9010
, Bartlesville, OK for Sale
$900,000 USD
FOR SALE
1/12
null | 7.67% Cap Rate

Bartlesville, OK Multi Asset Portfolio
Bartlesville, OK


HIGHLIGHTS

  • Ten single-family homes and one duplex across varied neighborhoods
  • Three adjacent vacant parcels totaling 0.517 acres on Santa Fe Ave
  • 83% occupancy with strong upside in rental income
  • Vintage and mid-century construction with 12,092 SF total
  • Only (1) unit is in a flood zone.

OVERVIEW

This diverse multi-asset portfolio presents a compelling opportunity for investors seeking a mix of stabilized income and value-add potential. Comprising ten single-family residences, one duplex, and three contiguous vacant parcels totaling approximately 0.517 acres on Santa Fe Avenue, the portfolio spans a variety of neighborhoods and asset types, offering both immediate cash flow and long-term development upside. Currently 83% occupied, the portfolio generates $8,735 in monthly rental income, with a pro-forma rent potential of $13,087/month based on market estimates. This significant $4,352/month delta highlights the opportunity to increase revenue through lease-up and rent adjustments. The estimated market value of the portfolio ranges from $797,844 (low) to $1,407,440 (high), with an average valuation of $1,102,637. Annual property taxes across all assets are projected at $7,200 for 2024, offering a manageable expense profile. The portfolio includes a mix of vintage and mid-century homes, with construction years ranging from 1910 to 1983, and a total livable area of 12,092 square feet. Only one property—222 N Santa Fe Ave—is located in a designated Flood Zone AE, while the remainder are outside flood-prone areas. This offering is ideal for investors seeking a blend of stable income, rent growth potential, and development-ready land in a growing market.

ASK ABOUT THIS PROPERTY

Jeremy DeJournettKeller Williams AdvantageMore Info
918-720-9010

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Jeremy DeJournettKeller Williams AdvantageMore Info
918-720-9010

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