Renovated Duplex with
For Sale
$439,900
3227 S Allegheny Ave, Tulsa, OK 74135
Fully leased two-unit property with updated interiors, private garages, and refreshed exterior improvements.
Property Size3,136 SF
Price / SF$140.27
Days on Market94
Property Features for 3227 S Allegheny Ave
General Information
Standard status
Active
Size
3,136 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
Realty One Group Dreamers
(539) 367-1555
Listed By:
Century 21 Wright Real Estate
(918) 456-5288
Source:
Century21wright
Added: Jul 17
Changed: Oct 16
Last Checked: Oct 16 at 8:54AM
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 Midtown Tulsa duplex contains 3,136 square feet and was built in 1979. Each unit offers 3 bedrooms, 2.5 bathrooms, and a two-car garage, providing a consistent layout across both sides. The property is fully leased, with improvements completed inside and out.
Renovations include painted cabinetry, granite countertops, updated flooring, and remodeled bathrooms. Exterior work includes a new roof, fresh paint, and a new privacy fence. Located on S Allegheny Ave in Midtown Tulsa, the property offers access to the surrounding area while presenting an updated configuration for residential income ownership.
Renovations include painted cabinetry, granite countertops, updated flooring, and remodeled bathrooms. Exterior work includes a new roof, fresh paint, and a new privacy fence. Located on S Allegheny Ave in Midtown Tulsa, the property offers access to the surrounding area while presenting an updated configuration for residential income ownership.
Key Highlights
- Both sides are leased
- Each unit includes 3 bedrooms and 2.5 bathrooms
- Each side has a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,549
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,980
$611.0K
Cap Rate 7%
$436,414
$436.4K
Cap Rate 9%
$339,433
$339.4K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$48.2K $15.36/SF
− Vacancy
−$4.5K −$1.44/SF
EGI
$43.6K $13.92/SF
− OpEx
−$13.1K −$4.17/SF
NOI
$30.5K $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%
$610,980
Cap Rate 7%
$436,414
Cap Rate 9%
$339,433
Alternative Uses
Best Use
Multifamily LT 5
$436.4K
$381.9K – $509.2K
NOI $30,549 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$399.6K
$349.7K – $466.2K
NOI $27,973 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$668.9K
$585.3K – $780.3K
NOI $46,820 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 74135, OK
20,173
Population
10,855
Households
1.9
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,307
Density / Sq Mi
$60,942
Median Household Income
$43,835
Median Earnings
$900
Median Rent
$230,700
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?
Duplex - Fully leased two-unit property with updated interiors, private garages, and refreshed exterior improvements.
Where is this duplex located?
The property is located at 3227 S Allegheny Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Both sides are leased; Each unit includes 3 bedrooms and 2.5 bathrooms; Each side has a 2‑car garage
