8 N Pierce Avenue
About This Property
This 8 +/- acre property offers a great opportunity to own usable land in a highly convenient location just outside downtown Wagoner. With multiple parcels combined into one larger tract, this property provides more space, flexibility, and long-term potential than smaller individual lots.
The land is mostly flat, open, and well maintained, making it easy to walk and visualize. A line of mature trees along the eastern boundary adds privacy and a natural backdrop while still leaving plenty of open ground for building, a shop, animals, or additional improvements. Whether you are looking to build a home, create a small homestead, or simply hold land in a growing area, this property gives you options.
Location is a major advantage here. The property is less than one half mile from Highway 51 and approximately 1 mile from Highway 69, making it easy to get in and out. The Muskogee Turnpike is approximately 11 miles away, and US-412 is about 14 miles, giving you quick access toward Tulsa and surrounding areas. Downtown Wagoner is less than 1 mile away, so you are close to groceries, restaurants, schools, and everyday needs without giving up space.
Fort Gibson Lake is less than 5 miles away, adding strong recreational appeal with boating, fishing, and time outdoors. Coweta is approximately 15 miles away, and Muskogee is about 14 miles, making this a well-positioned property for both convenience and lifestyle.
With its size, layout, and location, this property works well for a wide range of buyers, whether you are planning to build now, build later, or hold as an investment in an area that continues to see growth.
Buyer's agents welcome.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2026 | Price Decreased |
$119,500
↓ $19K
(14%) | |
| Price Decreased | |||
| Apr 28, 2026 | Listed by Keller Williams Advantage | $138,900 | |
| Listed by Keller Williams Advantage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017