3-Bedroom
For Sale
$134,900
11051 E 16th Street, Tulsa, OK 74128
Residential, Contemporary, Tulsa, OK
Property Size1,326 SF
Lot Size0.05 Acres
Price / SF$101.73
Days on Market9
Property Features for 11051 E 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Window features
Vinyl Frames
Interior features
Vaulted Ceiling
Exterior features
Gutters
Fencing
Privacy
Fireplace
1
Appliances
Dishwasher, Disposal, Range/Oven
Subdivision
Century 21 East
Elementary school
Disney
Middle school
East Central
High school
East Central
Elementary school district
Tulsa - Sch Dist (1)
Middle school district
Tulsa - Sch Dist (1)
High school district
Tulsa - Sch Dist (1)
Directions
POB: 21st and Garnett, go north. Turn west on E 16th St. The half duplex is the first building facing east, the unit is the 2nd driveway of that building.
Standard status
Active
APN
07410-94-07-23670
Size
1,326 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LT 26 BLK 5 Century 21 East
Tax Annual Amount
1385
HOA Fee
$122 Monthly
Legal Description
LT 26 BLK 5 Century 21 East
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
new appliances
granite countertops
subway tile backsplash
open island
stylish lighting
new ceiling fans
plush carpet
vinyl plank flooring
renovated bathrooms
new window blinds
fresh paint
new garbage disposal
wood-burning fireplace
new concrete patio
Building Details
Year built
1977
Floors in Building
2
Flooring type
Carpet, Vinyl
Building materials
Wood Frame
Roof type
Fiberglass
Architectural style
Contemporary
Listing Agency:
The Garrison Group LLC.
Listed By:
Kelly Garrison · License #150793
(918) 808-3065
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 31 at 1:06PM
MLS# 2638099
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story half-duplex in Tulsa offers 1,326 square feet with three bedrooms and two full bathrooms. Built in 1977, the wood-frame residence has a remodeled interior with new kitchen appliances, granite counters, a tile backsplash, and an island. Updates also include both bathrooms, fresh paint, window blinds, and a garbage disposal. Vinyl plank flooring and carpet are paired with a wood-burning fireplace, vaulted ceiling, and central heating and air conditioning. A new concrete patio extends the living area outdoors, and privacy fencing and gutters are among the exterior features.
The property is near major highways, schools, and shopping. The parcel measures 0.054 acres.
The property is near major highways, schools, and shopping. The parcel measures 0.054 acres.
Key Highlights
- Three bedrooms and two full bathrooms in a 1,326‑square‑foot, two‑story half‑duplex
- 0.054‑acre parcel in Tulsa
- Remodeled kitchen with granite countertops, island, new appliances, and tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,828
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,560
$236.6K
Cap Rate 7%
$168,971
$169.0K
Cap Rate 9%
$131,422
$131.4K
Market Conditions
NOI Build-Up for 1,326 SF
Gross rent
$23.9K $18.00/SF
− Vacancy
−$2.4K −$1.78/SF
EGI
$21.5K $16.22/SF
− OpEx
−$9.7K −$7.30/SF
NOI
$11.8K $8.92/SF
Area
Tulsa, OK
Vacancy
9.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,560
Cap Rate 7%
$168,971
Cap Rate 9%
$131,422
Alternative Uses
Best Use
Apartment 5plus
$169.0K
$147.9K – $197.1K
NOI $11,828 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.8K
$247.5K – $330.0K
NOI $19,797 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 74128, OK
12,982
Population
4,954
Households
2.6
Avg Household Size
34
Median Age
12%
College-Educated
75%
High-School Grad
3.6 sq mi
ZIP Area
3,606
Density / Sq Mi
$49,654
Median Household Income
$31,884
Median Earnings
$1,031
Median Rent
$109,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated two-story residence combines a refreshed kitchen and bathrooms with a private patio and central heating and cooling.
Where is this multifamily property located?
The property is located at 11051 E 16th Street Tulsa, OK.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in a 1,326‑square‑foot, two‑story half‑duplex; 0.054‑acre parcel in Tulsa; Remodeled kitchen with granite countertops, island, new appliances, and tile backsplash
