Gated New Construction
1308 Martin Luther King Jr Boulevard, Tulsa, OK 74106
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 Market106
Property Features for 1308 Martin Luther King Jr Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
gated complex
Building Details
Year Built
Listing Agency:
Oak & Sage Realty
Listed By:
Greg Robbins · License OK #202435
(918) 282-6537
Source:
Accentrealtors
Added: Jul 27
Changed: Oct 26
Last Checked: Nov 8 at 12:26PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$28,055
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,100
$561.1K
Cap Rate 7%
$400,786
$400.8K
Cap Rate 9%
$311,722
$311.7K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$44.2K $15.36/SF
− Vacancy
−$4.2K −$1.44/SF
EGI
$40.1K $13.92/SF
− OpEx
−$12.0K −$4.17/SF
NOI
$28.1K $9.74/SF
Area
Tulsa, OK
Vacancy
9.40%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,100
Cap Rate 7%
$400,786
Cap Rate 9%
$311,722
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
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Business Placement
Demographics for 74106, OK
16,805
Population
8,341
Households
2
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
2,211
Density / Sq Mi
$37,714
Median Household Income
$31,022
Median Earnings
$816
Median Rent
$98,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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
