$399,000
( $64.51Per Sq Foot )
 $2,392 est/mo Sourced by Back At You

116 W Morgan Street,Tahlequah, OK 74464

Tahlequah, OK 74464

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Description

Downtown Tahlequah Investment Opportunity with Immediate Income & Value-Add Potential! Located on a prime corner lot on Morgan Street in Downtown Tahlequah, this multi-structure property offers a rare combination of current rental income and future upside. Positioned within walking or biking distance to Northeastern State University and just steps from local shops, dining, and entertainment, the location is ideal for long-term rental demand. The property includes a remodeled 2 bedroom, 1 bathroom single-family home that is move-in ready, along with a fourplex where all four units are currently leased, with three of the units having been updated. In addition, there is a separate front building that is unfinished and ready for renovation, offering excellent value-add potential for additional rental income, office space, or other creative use. Situated next to The Franklin Castle Event Venue, the property benefits from strong visibility and a highly desirable downtown setting. The corner lot layout allows for multiple access points and functional separation between structures. Whether you’re looking to expand your investment portfolio, house hack, or create a mixed-use downtown property, this opportunity offers both stability and room to grow.

Details

MLS #2614099
Listing TypeFor Sale
StyleApartment
Sub-TypeResale
StatusActive
Year1950
Days On Site124
Listing Provided ByThe Shockley Group | Tyler Shockley

Features

SQ Feet6,185
BasementY
ZoningDMX
Acreage0.36

Taxes

Tax Annual Amount1699

Location

Community FeaturesSidewalks

Area Information

StateOK
CountyCherokee
CityTahlequah
Zip Code74464
Community NameTahlequah Lots
Listing VS Median (in Tahlequah Lots)
Price:
$399,000
low | high
Med:
$205,000
98.621553884712% of Average
sqft:
6,185
low | high
Med:
1,822
100% of Average
$ / sqft:
$65
low | high
Med:
$113
24.410367301349% of Average
On site:
124
low | high
Med:
89
100% of Average
Sourced by Back At You

Market Activity 74464

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Tulsa-OKC Select Relocation Director

Tulsa-OKC Select Relocation Director

 (918) 496-3333info@cbrelocation.com
StateOK
CountyCherokee
CityTahlequah
Zip Code74464
Community NameTahlequah Lots
Listing VS Median (in Tahlequah Lots)
Price:
$399,000
low | high
Med:
$205,000
98.621553884712% of Average
sqft:
6,185
low | high
Med:
1,822
100% of Average
$ / sqft:
$65
low | high
Med:
$113
24.410367301349% of Average
On site:
124
low | high
Med:
89
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $299K - $498K
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
415 N Muskogee Avenue Property Photo 1
$649,000
415 N Muskogee Avenue
Tahlequah, OK 74464
Listing Updated: August 23, 2026 at 4:20:08 AM PDT
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