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The Flats on Main - At the Rose District 816 N Main St 6 Unit Apartment Building $1,690,000 ($281,667/Unit) 7.22% Cap Rate Broken Arrow, OK 74012
INVESTMENT HIGHLIGHTS
- Walkable to the Rose District
- Ease of Access to the Turnpike
- Dedicated parking in rear
EXECUTIVE SUMMARY
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
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
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,690,000 | Building Class | B |
| Price Per Unit | $281,667 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 8,004 SF |
| Cap Rate | 7.22% | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R2 - In Tulsa County, R-2 (Residential-2) zoning generally allows for low-to-medium density housing, primarily permitting single-family homes and duplexes. | ||
| Price | $1,690,000 |
| Price Per Unit | $281,667 |
| Sale Type | Investment |
| Cap Rate | 7.22% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 8,004 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 1.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - In Tulsa County, R-2 (Residential-2) zoning generally allows for low-to-medium density housing, primarily permitting single-family homes and duplexes. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Satellite TV
- Oven
- Range
- Walk-In Closets
- Carpet
- Wi-Fi
- Family Room
- Linen Closet
- Porch
- Smoke Free
SITE AMENITIES
- Fenced Lot
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 6 | $2,000 | 1,334 |
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PROPERTY TAXES
| Parcel Number | 78590-84-11-07690 | Total Assessment | $16,500 |
| Land Assessment | $16,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
78590-84-11-07690
Land Assessment
$16,500
Improvements Assessment
$0
Total Assessment
$16,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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The Flats on Main - At the Rose District | 816 N Main St
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