New Construction Duplex with
For Sale
$477,000
1314 Martin Luther King Jr Boulevard, Tulsa, OK 74106
Two-story duplex offers open-concept layouts, 3 bedrooms per unit, and a 4-car carport within a fully gated complex.
Property Size2,598 SF
Price / SF$183.60
Days on Market11
Property Features for 1314 Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
2,598 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
gated complex
Building Details
Year Built
2026
Stories
2
Listing Agency:
Oak & Sage Realty
(918) 995-1367
Listed By:
Greg Robbins · License #202435
Source:
Accentrealtors
Added: Jul 27
Changed: Jul 28
Last Checked: Aug 5 at 11:14AM
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 duplex featuring two two-story units, each laid out with an open-floor concept. Every unit includes three bedrooms and 2.5 bathrooms, with modern finishes such as stainless steel kitchen appliances and granite countertops. Additional in-unit features include a tankless electric water heater and a ventless all-in-one washer/dryer.
The property is located at 1314 Martin Luther King Jr Boulevard in Tulsa, OK, with the public remarks noting it is less than 5 minutes from the downtown Arts District.
The complex is fully gated and includes powered gates on each side, with a 4-car carport provided on site.
The property is located at 1314 Martin Luther King Jr Boulevard in Tulsa, OK, with the public remarks noting it is less than 5 minutes from the downtown Arts District.
The complex is fully gated and includes powered gates on each side, with a 4-car carport provided on site.
Key Highlights
- New construction duplex built in 2026 with two two‑story units
- Each unit features an open‑floor concept with 3 bedrooms and 2.5 bathrooms
- Kitchen upgrades include stainless steel appliances and granite countertops in each unit
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 | $39.9k | $15.36 |
| − Vacancy | −$3.8k | −$1.44 |
| EGI | $36.2k | $13.92 |
| − OpEx | −$10.8k | −$4.17 |
| NOI | $25.3k | $9.74 |
2,598 SF · lease $15.36/SF/yr · vacancy 9.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.5K
$316.4K – $421.8K
NOI $25,308 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$331.1K
$289.7K – $386.2K
NOI $23,174 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$554.1K
$484.9K – $646.5K
NOI $38,788 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex offers open-concept layouts, 3 bedrooms per unit, and a 4-car carport within a fully gated complex.
Where is this duplex located?
The property is located at 1314 Martin Luther King Jr Boulevard Tulsa, OK.
What is the asking price?
The asking price for this property is $477,000.
What are key features of this property?
This property features: New construction duplex built in 2026 with two two‑story units; Each unit features an open‑floor concept with 3 bedrooms and 2.5 bathrooms; Kitchen upgrades include stainless steel appliances and granite countertops in each unit
