Turnkey Furnished Duplex with
1509 S Indianapolis Avenue Tulsa, OK 74112
For Sale
$300,000
DUPLEX - Tulsa, OK
Property Size1,497 SF
Lot Size0.20 Acres
Price / SF$200.40
Days on Market47
Property Features for 1509 S Indianapolis Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
- Window features
- Vinyl Frames, Wood Frames
- Patio and Porch features
- Porch
- Interior features
- Smoke Detector
- Exterior features
- Gutters
- Fencing
- Chain Link
- Fireplace
- 1
- Appliances
- Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 41350-93-09-13320
- Size
- 1,497 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lt 3 Blk 2 Sunrise Terrace
- Tax Annual Amount
- 3906
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Flooring type
- Wood, Tile
- Building materials
- Wood Frame
- Roof type
- Fiberglass
- Architectural style
- Bungalow
Listing Agency:
Chinowth & Cohen
(918) 943-3009
Listed By:
Val Gaudet · License #152736
(918) 605-7823
Added: Jun 10
Changed: Jul 24
Last Checked: Jul 26 at 9:06PM
MLS# 2621379
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.
Investment Insights
Based on property information with market context.
This turnkey furnished duplex offers two fully furnished one-bedroom, one-bath residences. Each unit includes furnishings, decor, bedding and linens, kitchen essentials, and a private washer/dryer. The property is a full-brick structure with updated interiors that feature rich hardwood floors, stylish kitchens, and inviting living spaces.
Located at 1509 S Indianapolis Avenue in Tulsa, the duplex is positioned just moments from Cherry Street and Utica Square, as well as Ascension St. John Medical Center, downtown Tulsa, and major expressways.
With two separate, self-contained units and in-unit laundry, the property is set up for straightforward, plug-in occupancy.
Located at 1509 S Indianapolis Avenue in Tulsa, the duplex is positioned just moments from Cherry Street and Utica Square, as well as Ascension St. John Medical Center, downtown Tulsa, and major expressways.
With two separate, self-contained units and in-unit laundry, the property is set up for straightforward, plug-in occupancy.
Key Highlights
- Duplex built in 1930 in Sunrise Terrace (Midtown Tulsa) with two 1‑bedroom, 1‑bath residences
- Each unit is fully furnished and includes a private washer/dryer and kitchen essentials
- Central heating and central A/C, plus smoke detectors for added safety
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 | $23.0k | $15.36 |
| − Vacancy | −$2.2k | −$1.44 |
| EGI | $20.8k | $13.92 |
| − OpEx | −$6.2k | −$4.17 |
| NOI | $14.6k | $9.74 |
1,497 SF · lease $15.36/SF/yr · vacancy 9.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$208.3K
$182.3K – $243.1K
NOI $14,583 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$190.8K
$166.9K – $222.6K
NOI $13,353 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$319.3K
$279.4K – $372.5K
NOI $22,350 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey furnished duplex with two one-bedroom, one-bath units, each featuring a private washer and dryer.
Where is this duplex located?
The property is located at 1509 S Indianapolis Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex built in 1930 in Sunrise Terrace (Midtown Tulsa) with two 1‑bedroom, 1‑bath residences; Each unit is fully furnished and includes a private washer/dryer and kitchen essentials; Central heating and central A/C, plus smoke detectors for added safety
