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Josie Circle: Oklahoma City BTR Josie Circle 6 Unit Apartment Building $2,301,872 CAD ($383,645 CAD/Unit) 5.71% Cap Rate Midwest City, OK 73130

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INVESTMENT HIGHLIGHTS

  • Prime Oklahoma City–area location near Tinker AFB
  • Fully leased or pending leases with quality tenants
  • Top-rated Choctaw–Nicoma Park schools
  • Brand-new, Class A construction (delivered 2025)
  • Additional 15 duplexes (30 doors) ready for future development

EXECUTIVE SUMMARY

Josie Circle Duplex Development
Investment Opportunity | Oklahoma City, Oklahoma
Property Overview
The Josie Circle Duplex Development offers a premier new construction multifamily investment in the rapidly growing Choctaw/Northeast Oklahoma City corridor, located just over two miles from Tinker Air Force Base. Positioned within the sought-after Choctaw–Nicoma Park School District, this development benefits from strong rental demand, an expanding workforce, and the nearby 131-acre Tinker AFB expansion, projected to bring more than 1,000 new jobs to the area

Offering Summary
Total Asking Price: $1,649,000
Phase One: 3 duplexes (6 total doors) — 2803–2813 Josie Circle
Location: Oklahoma City, OK 73130
Unit Mix: 4 Bed / 2 Bath / 2-Car Garage per side
Building Size: 1,814 SF per side (3,628 SF per duplex)
Construction: 2025 new build, completed and rent-ready
Lease Rates: $1,800–$2,200/month per side
Occupancy: Mix of occupied and pending applications
Each unit features modern design and durable finishes, including open-concept layouts, luxury vinyl flooring, laundry rooms, and updated countertops. With immediate leasing momentum and proximity to major employment centers, the Josie Circle Duplexes provide strong cash flow and long-term appreciation potential.

Expansion Potential
The developer holds 15 additional build-ready lots in the same subdivision, offering the opportunity to expand the community to a total of 36 doors. Construction on remaining units can be completed in approximately 6–9 months from contract, allowing investors to scale their portfolio efficiently.
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$1,649,000 for 3 duplexes / 6 total doors
Investment Summary
With modern construction, reliable tenants, and scalable growth potential, Josie Circle represents a rare opportunity to acquire a stabilized, cash-flowing first phase in one of Oklahoma’s most active and rapidly developing submarkets.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $2,301,872 CAD
Price Per Unit $383,645 CAD
Sale Type Investment
Cap Rate 5.71%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.21 AC
Building Size 10,866 SF
No. Stories 1
Year Built 2025

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer Hookup
  • Kitchen
  • Tub/Shower
  • Walk-In Closets
  • Island Kitchen
  • Vinyl Flooring
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
  • Recycling
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+2 6 $2,513 CAD 1,814

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
219201020
Land Assessment
$886 CAD
Improvements Assessment
$0 CAD
Total Assessment
$886 CAD
  • Listing ID: 38358268

  • Date on Market: 2025-11-06

  • Last Updated:

  • Address: Josie Circle, Midwest City, OK 73130

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