Leased Multifamily
For Sale
$239,995
1519 E 66th Ct, Tulsa, OK 74136
Currently leased asset offering 2,635 square feet of multifamily space in Tulsa.
Property Size2,635 SF
Price / SF$91.08
Days on Market68
Property Features for 1519 E 66th Ct
General Information
Standard status
Active
Size
2,635 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Realty One Group Dreamers
(539) 367-1555
Listed By:
Century 21 Wright Real Estate
(918) 456-5288
Source:
Century21wright
Added: Aug 12
Changed: Oct 16
Last Checked: Oct 16 at 9:25AM
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 Realty One Group Dreamers
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Investment Insights
Based on property information with market context.
This multifamily property contains 2,635 square feet and was constructed in 1970. The asset is currently leased, providing an existing occupancy arrangement for review by prospective purchasers.
Located at 1519 E 66th Ct in Tulsa, Oklahoma, the property is available for consideration as an individual acquisition. The seller may also consider a bulk sale, subject to the terms of the transaction.
Located at 1519 E 66th Ct in Tulsa, Oklahoma, the property is available for consideration as an individual acquisition. The seller may also consider a bulk sale, subject to the terms of the transaction.
Key Highlights
- Currently leased multifamily property
- 2,635 square feet of property size
- Constructed in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,683
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,660
$413.7K
Cap Rate 7%
$295,471
$295.5K
Cap Rate 9%
$229,811
$229.8K
Market Conditions
NOI Build-Up for 2,635 SF
Gross rent
$41.7K $15.84/SF
− Vacancy
−$4.1K −$1.57/SF
EGI
$37.6K $14.27/SF
− OpEx
−$16.9K −$6.42/SF
NOI
$20.7K $7.85/SF
Area
ZIP 74136
Vacancy
9.90%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,660
Cap Rate 7%
$295,471
Cap Rate 9%
$229,811
Alternative Uses
Best Use
Apartment 5plus
$295.5K
$258.5K – $344.7K
NOI $20,683 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.4K
$500.0K – $666.6K
NOI $39,996 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 74136, OK
30,416
Population
16,375
Households
1.9
Avg Household Size
38
Median Age
38%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
3,950
Density / Sq Mi
$51,314
Median Household Income
$35,072
Median Earnings
$926
Median Rent
$292,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Currently leased asset offering 2,635 square feet of multifamily space in Tulsa.
Where is this multifamily property located?
The property is located at 1519 E 66th Ct Tulsa, OK.
What is the asking price?
The asking price for this property is $239,995.
What are key features of this property?
This property features: Currently leased multifamily property; 2,635 square feet of property size; Constructed in 1970
