200 Folsom Street, Poteau, OK 74953 For Sale

Twenty-four uniform two-bedroom / one-bath units across 19,430 rentable square feet — the largest property in the portfolio by floor area. The community is organized across three buildings (A, B, and C) on the parcel. The uniform unit layout simplifies turnover, maintenance, and marketing: one floor plan, one turn process, one marketing pitch. Current ownership installed a new roof in 2025 and completed targeted repairs. Twenty-three of twenty-four units are currently leased. Recent leasing on the property — including 2025 and 2026 signed leases at the top of the property's historical range — establishes the achievable market and a defensible path to bring legacy rents to current levels as units turn or renew. Serenity Heights is offered standalone or as part of the five-property Poteau Apartments Portfolio.

Serenity Heights is located at 200 Folsom Street in Poteau, OK — the LeFlore County seat and commercial hub of eastern Oklahoma. The property sits within Poteau's established residential core, with direct access to U.S. Highways 59 and 271 and proximity to the city's primary employers: Eastern Oklahoma Medical Center, the Choctaw Nation of Oklahoma's regional health facilities, Walmart, OK Foods, the Kiamichi Technology Center, and Carl Albert State College. Poteau's population of approximately 9,300 has grown nearly 5% since the 2020 census, and the broader Fort Smith metro of more than 250,000 residents sits 35 minutes east via US-59/271. The submarket is characterized by stable workforce-housing demand and limited new multifamily construction.