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34370443
34370451

305 East Pleasant Valley Road, Poteau, OK 74953

JH
AR AR PB00080746
Harmon Real Estate Company
Listed by Harmon Real Estate Company
$935,000
1 day on market
Updated 1 day ago
Opportunity zone

Pleasant Valley Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,200
Units 15
Cap Rate 6.21%
NOI $58,024
Occupancy 93.3%
Tenancy Multi
Pro-Forma Cap Rate 9.41%
Pro-Forma NOI $88,005
Price per SqFt $77
Year Built 1991
Year Renovated 2025
Buildings 3

Multifamily | 15 Units | $62,333/unit

Marketing description

Pleasant Valley is built around its floor plan. Every unit is a two-bedroom / 1.5-bath townhome-style layout — the largest, most family-friendly units in the area's small-multifamily stock. Tenants pay their own utilities, which keeps the owner's operating burden light and net rents strong. Fourteen of fifteen units are currently leased. Recent leasing on the property has run materially above what most of the existing tenant base is paying — including a 2026 lease signed at the top of the market — establishing a clear and defensible renewal path. The primary upside is operational: lease the one open unit, hold the existing base, and bring legacy rents to where the property's own newest leases already prove out the market. Pleasant Valley is offered standalone or as part of the five-property Poteau Apartments Portfolio.

Investment highlights

  • 15 units · all 2BR/1.5BA · 12,200 SF
  • Largest, most family-friendly floor plans in the portfolio
  • 14 of 15 units leased (93.3% occupancy)
  • Tenant-paid utilities — light owner operating burden
  • Strongest per-unit rents in the portfolio
  • 2026 on-site lease at the top of the market — defensible renewal path
  • Offered standalone or in the five-property Poteau Apartments Portfolio

Listing Contacts

JH
AR AR PB00080746
Harmon Real Estate Company
Listed by Harmon Real Estate Company

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$58,024.00
$4,835.33/mo

Valuation Metrics

0
DSCR
6.21%
Cap Rate
6.21%
ROI

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