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Updated about 7 years ago on . Most recent reply
Current Oklahoma City Cap Rates
I'm currently looking at a few older multi-family properties in the Oklahoma City area. What are the current CAP Rates in the area for older multi families and how would I find this out if not for this post? I am currently evaluating 12-24 unit deals. Any help would be appreciated. Thanks
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#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
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#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
That will depend on the area and class of property. It looks like overall the cap rate on average is trading at a 6.8% cap rate. To get clear definition you should reach out to several of the commercial multi-family brokers for their research on your target neighborhood and property type. Marcus and Millichap, CBRE, Colliers, ARA Newmark and the likes usually have free research on their web site and many will break it down by property class.