Gated New Construction
1308 Martin Luther King Jr Boulevard Tulsa, OK 74106
New
For Sale
$529,000
New construction quadplex with gated powered access, four one-bedroom units, and a shared four-car carport.
Property Size2,880 SF
Price / SF$183.68
Days on Market3
Property Features for 1308 Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Oak & Sage Realty
(918) 995-1367
Listed By:
Greg Robbins · License #202435
Source:
Accentrealtors
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 9:00AM
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 Oak & Sage Realty
Investment Insights
Based on property information with market context.
New construction quadplex featuring an open-floor concept in each unit, with 1 bedroom and 1 modern bathroom. Interiors include stainless steel kitchen appliances, granite countertops, a tankless electric water heater, and a ventless all-in-one washer/dryer.
The complex is fully gated with powered gates on each side, supporting controlled access for residents. A 4-car carport is included for off-street parking.
Located at 1308 Martin Luther King Jr Boulevard in Tulsa, the property is described as less than 5 minutes from the Arts District in downtown Tulsa.
The complex is fully gated with powered gates on each side, supporting controlled access for residents. A 4-car carport is included for off-street parking.
Located at 1308 Martin Luther King Jr Boulevard in Tulsa, the property is described as less than 5 minutes from the Arts District in downtown Tulsa.
Key Highlights
- New construction quadplex built in 2026
- Four 1‑bedroom, 1‑bath units with open‑floor concept layouts
- Each unit includes stainless steel kitchen appliances and granite countertops
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.2k | $15.36 |
| − Vacancy | −$4.2k | −$1.44 |
| EGI | $40.1k | $13.92 |
| − OpEx | −$12.0k | −$4.17 |
| NOI | $28.1k | $9.74 |
2,880 SF · lease $15.36/SF/yr · vacancy 9.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,055 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$367.0K
$321.1K – $428.2K
NOI $25,689 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$614.3K
$537.5K – $716.6K
NOI $42,998 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - New construction quadplex with gated powered access, four one-bedroom units, and a shared four-car carport.
Where is this quadplex located?
The property is located at 1308 Martin Luther King Jr Boulevard Tulsa, OK.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: New construction quadplex built in 2026; Four 1‑bedroom, 1‑bath units with open‑floor concept layouts; Each unit includes stainless steel kitchen appliances and granite countertops
