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11-Unit Apartment Property
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1023 E 48th St, Tulsa, OK 74105

Two one-story masonry buildings with individually metered electric, gas, and water service.

Property SizeContact for details
Days on Market145

Property Features for 1023 E 48th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Utilities to Site Yes
Multifamily Units 11

Building Details

Stories 1
Construction masonry
Listing Agency: First Commercial Real Estate Services Corporation
Listed By: Melanie Richardson · License #OK 141806
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 6:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Commercial Real Estate Services Corporation

Investment Insights

Based on property information with market context.

This multifamily offering includes 11 apartment units distributed across two separate tracts. The property consists of one-story masonry buildings, with four units at 1023 E. 48th St. and seven units at 4615 S. Madison Place. Individual meters serve electricity, gas, and water at each property, limiting the owner’s direct responsibility for utility usage.

The seven-unit tract includes courtyard-style grounds, while both locations are situated among established homes. Together, the two sites provide a compact apartment portfolio with a 4-unit and 7-unit configuration and separate Tulsa addresses.

Key Highlights

  • 11 apartment units across two separate tracts
  • 4 units at 1023 E. 48th St.
  • 7 units at 4615 S. Madison Place

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop HVAC Service Daycare Center Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

472
Businesses Nearby

Demographics for 74105, OK

26,640
Population
14,531
Households
1.8
Avg Household Size
41
Median Age
49%
College-Educated
93%
High-School Grad
7.3 sq mi
ZIP Area
3,649
Density / Sq Mi
$69,864
Median Household Income
$47,580
Median Earnings
$989
Median Rent
$318,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two one-story masonry buildings with individually metered electric, gas, and water service.
Where is this apartment building located?
The property is located at 1023 E 48th St Tulsa, OK.
What are key features of this property?
This property features: 11 apartment units across two separate tracts; 4 units at 1023 E. 48th St.; 7 units at 4615 S. Madison Place
More about this property
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