Map of Property

Washington Court

301 East Washington Avenue, McAlester, OK 74501

  • For Sale $6,500,000
  • Property Type Multi-Family
  • Property Size 78,000 SF
  • Units 87
  • Year Built 1986
  • Year Renovated 2024
  • Date Updated May 16, 2025
Located in the vibrant city of McAlester, Oklahoma, Washington Court Apartments offer a prime residential opportunity with 87 units across two phases built in 1986 and 1999. With an impressive 96% occupancy rate, this property is a sought-after choice for a diverse resident demographic, including seniors and young professionals. Strategically situated near essential amenities like shopping centers, schools, and healthcare facilities, Washington Court ensures convenience and comfort for its residents. Priced at $6,500,000 with a 7.71% cap rate, this property presents a lucrative investment opportunity. Boasting a total rentable area of 78,000 SF on approximately 1.87 acres of land, Washington Court features well-maintained wood frame construction with brick exteriors. Recent renovations from 2022 to 2024 have updated HVAC systems, ensuring modern comfort for residents. Don't miss the chance to own this premier multifamily residential community at 301 E. Washington Ave, McAlester, OK.
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Highlights

  • Diverse Tenant Base: The property’s amenities and unit mix appeal to a wide range of tenants, ensuring long-term occupancy and stable cash flow.
  • High Occupancy Rate: Current occupancy at 96%, showcasing strong demand.
  • Owner is licensed real estate associate
  • Prime Market Location: Situated in McAlester, a regional economic hub with a growing population and stable demand for premium residential housing.
  • Recent Renovations: Significant capital improvements, including unit and common area renovations, updated HVAC systems, new boiler and chillers.
  • Washington Court presents an excellent opportunity for investors looking to acquire a well-maintained, high-occupancy property in a stable and expanding market

Contacts

broker
Taylor Cornelius

MCP - McGraw Commercial Properties

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable

  • Bike Score ®

    35/100 Somewhat Bikeable
Powered by Walk Score ®
  • City McAlester, OK
  • Zip Code 74501

Points of Interest

  • The Filling Station

    0.25 miles

  • Circle K

    0.44 miles

  • Sinclair

    0.76 miles

  • Murphy USA

    1.54 miles

  • EZ Mart

    2.04 miles

  • Shell

    2.51 miles

  • Phillips 66

    3.90 miles

  • Valero

    8.55 miles

  • Doctor's Parking

    0.86 miles

  • National Oilwell Varco

    1.48 miles

  • Motel 6

    2.03 miles

  • Hiway Motor Inn & Suites

    1.37 miles

  • Quality Inn & Suites

    1.58 miles

  • AmericInn by Wyndham McAlester

    1.60 miles

  • Holiday Inn Express Hotel & Suites

    1.68 miles

  • Travelodge McAlester

    1.76 miles

  • Comfort Suites McAlester

    1.79 miles

  • Hampton Inn & Suites McAlester

    1.81 miles

  • Econo Lodge McAlester

    1.98 miles

  • Motel 6

    2.04 miles

  • La Quinta Inn & Suites

    2.47 miles

  • Taco Mayo

    0.43 miles

  • Braum's

    0.74 miles

  • Sonic

    0.97 miles

  • Adelita's Mexican Restaurant

    1.25 miles

  • Long John Silver’s;A&W

    1.31 miles

  • Modo Mio Italian Restaurant

    1.33 miles

  • McDonald's

    1.34 miles

  • Charlie’s Chicken

    1.37 miles

  • Pizza Inn

    1.41 miles

  • Wendy's

    1.55 miles

  • Emerson School

    0.46 miles

  • Washington School

    0.75 miles

  • Parker Mid High School

    0.80 miles

  • Jefferson School

    0.81 miles

  • L'Ouverture School

    0.99 miles

  • Puterbaugh Middle School

    1.22 miles

  • Will Rogers School

    1.27 miles

  • Eastern Oklahoma State College

    1.39 miles

  • Eugene Field School

    1.62 miles

  • Doyle School

    1.64 miles

Frequently Asked Questions

How much does Washington Court cost?

The space currently listed for sale at Washington Court asks for $6,500,000.

What is the total square footage of Washington Court?

Washington Court totals 78,000 square feet.

When was this property built?

Washington Court was built in 1986.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Taylor Cornelius

MCP - McGraw Commercial Properties

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