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6,185 sqft

$399,000

116 W Morgan Street, Tahlequah OK, 74464

Price per sqft$64.51
Built in1950
Property size6,185 sqft
Property typeCommercial
Courtesy of Tyler Shockley, The Shockley Group, (918) 635-0245

Overview

Active

Listed Apr 21, 2026

Updated Aug 22

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.

Additional information

MLS® ID
2614099

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.36 Acres

Other Property Details

Taxes
$1,699
Tax Frequency
Annually

Courtesy of Tyler Shockley, The Shockley Group

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