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.

Last Updated	4/21/2026	Tract	Tahlequah Lots
Year Built	1950	County	Cherokee

Additional Details

AIR CONDITIONING	Yes
BASEMENT	Crawl Space
CONSTRUCTION	Frame
HEAT	Electric
LOT	0.36 acre(s)
SEWER	Public Sewer
SUBDIVISION	Tahlequah Lots
TAXES	1699
UTILITIES	Electricity Available, Phone Available, Sewer Available, Water Available
WATER	Public
ZONING	DMX

Location

 

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