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Bluebird Duplex 718 N Weenonah Ave 8 Unit Apartment Building $1,800,000 ($225,000/Unit) 6.50% Cap Rate Claremore, OK 74017



Investment Highlights
- New Construction 8-Unit Multifamily Investment
- Eight 2 Bed / 2.5 Bath Units
- Quartz Countertops & Stainless Appliances
- Four Duplex Buildings with Attached Garages
- ±1,120 SF Per Unit
- Spray Foam Insulation & Energy Efficient Construction
Executive Summary
Exceptional new construction 8-unit multifamily investment opportunity in the heart of Claremore. This boutique property features four duplex-style buildings totaling eight spacious 2-bedroom, 2.5-bath units, each offering approximately 1,120 SF with attached garages, premium finishes, open-concept layouts, quartz countertops, stainless steel appliances, spray foam insulation, and low-maintenance construction. Designed to appeal to quality long-term tenants, each unit includes ensuite bathrooms, in-unit laundry, modern energy-efficient systems, and private garage parking.
Located in Old Town Claremore with convenient access to retail, dining, employment, and commuter routes, the property offers investors a rare combination of new construction stability, strong tenant appeal, and long-term appreciation potential. With minimal deferred maintenance, attractive design, and premium rental positioning, this asset presents an ideal opportunity for investors seeking stabilized yield with value-add upside through lease-up and rent optimization.
Located in Old Town Claremore with convenient access to retail, dining, employment, and commuter routes, the property offers investors a rare combination of new construction stability, strong tenant appeal, and long-term appreciation potential. With minimal deferred maintenance, attractive design, and premium rental positioning, this asset presents an ideal opportunity for investors seeking stabilized yield with value-add upside through lease-up and rent optimization.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,800,000 | Lot Size | 1.25 AC |
| Price Per Unit | $225,000 | Construction Status | Under Construction |
| Sale Type | Investment | Building Size | 8,960 SF |
| Cap Rate | 6.50% | Average Occupancy | 0% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parking Ratio | 0.11/1,000 SF |
| Building Class | B | ||
| Zoning | OT - Old Town District | ||
| Price | $1,800,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.25 AC |
| Construction Status | Under Construction |
| Building Size | 8,960 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2026 |
| Parking Ratio | 0.11/1,000 SF |
| Zoning | OT - Old Town District |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Lawn
- Quartz Countertops
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 8 | $1,650 | 1,120 |
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 660008792 | Total Assessment | $3,904 (2025) |
| Land Assessment | $3,904 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
660008792
Land Assessment
$3,904 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$3,904 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Bluebird Duplex | 718 N Weenonah Ave
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