28801 141st S st 6 Unit Apartment Building $1,850,000 ($308,333/Unit) Coweta, OK 74429

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.