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sales rep | Brivity IDX

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503 W Allen St , Tahlequah, OK 74464
$1,549,000
Est. Payment: $8,244.43/mo
5696 Sqft
0.87 Acres
Status: active | Days on site: 73
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4190 - 179706
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House Description

Exceptional opportunity to acquire a fully occupied multifamily property in Tahlequah. Cedar Crest Apartments consists of two buildings totaling 16 units, 2 bedrooms and 1 bathroom. All 16 units are currently leased at $950 per month, providing $15,200 in scheduled monthly rent and $182,400 in annual scheduled rental income. The property has recently undergone substantial improvements, with approximately $126,000 invested in renovations, repairs, maintenance, materials and related improvements during the renovation period. With that work substantially completed and the property now at 100% occupancy, Cedar Crest offers an investor the opportunity to acquire an established asset with stabilized rental income rather than taking on a major renovation and lease-up project. Cedar Crest is strategically located near Northeastern State University and Tahlequah's growing medical and higher-education presence, including the OSU College of Osteopathic Medicine at the Cherokee Nation and additional healthcare education development in the community. The property also benefits from an existing relationship with NSU, adding to its appeal in a market supported by students, university employees, healthcare professionals and the broader Tahlequah workforce. Offered at $1,549,000, Cedar Crest represents approximately $96,813 per unit. Recent operating performance, full occupancy and current rents provide a compelling income profile, while recent capital improvements position the property for continued operation with much of the heavy renovation work already completed. 100% occupied. 16 two-bedroom units. $182,400 scheduled annual rent. Recently improved. Strong Tahlequah location. An excellent opportunity for investors seeking a stabilized multifamily asset with immediate income and long-term potential in one of Northeast Oklahoma's key education, healthcare and employment centers. Financial information and additional property details available to qualified buyers.

Highlights

Listed by John Nofire , (918) 346-0188 Nofire Real Estate LLC , (918) 346-0188. Northeast Oklahoma MLS

Property Type

Commercial Sale

Lot/Acreage
0.87

Year Built

1978

County

Cherokee

School District

Tahlequah - Sch Dist (C1)

Listing ID

2632228

Questions about this listing?

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Interior Features

Air Cond:3+ Units
Fireplaces:
Water:Public

Exterior Features

Zoning:Commercial
Roof:Composition
Sewer:Public Sewer
Principal Interest
$8,244
Taxes
$304

Home Price

$1,549,000

Loan Details

30 yrs
7%

Down Payment

20%
$309,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,244.43

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,244.43 $304.17 $0.00 $8,548.60
Yearly $98,933.14 $3,650.00 $0.00 $102,583.14
Total $2,967,994.27 $109,500.00 $0.00 $3,077,494.27
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Tahlequah, OK).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by the Northeast Oklahoma MLS, and is deemed reliable but not guarenteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-12T19:43:46.000Z

© 2026 Northeast Oklahoma MLS