Midtown Tulsa Multifamily Investment
For Sale
Contact for pricing
4747 S Darlington Ave, Tulsa, OK 74135
Value-add multifamily property in Tulsa's vibrant Midtown submarket.
Property SizeContact for details
Days on Market175
Property Features for 4747 S Darlington Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
87%
Building Details
Year Built
1965
Buildings
8
Stories
2
Units
87
Listing Agency:
The Multifamily Group
Listed By:
Paul Yazbeck · License #TX 636988
Source:
Crexi
Added: Feb 27
Changed: Aug 10
Last Checked: Aug 20 at 9:10PM
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 The Multifamily Group
Investment Insights
Based on property information with market context.
Midtown Reserve presents a value-add multifamily opportunity in Tulsa, Oklahoma. Constructed in 1965, the property comprises 87 units averaging 787 square feet. The property is currently 87% occupied, while the submarket demonstrates strong occupancy rates at 98%. Midtown Reserve is offered free and clear of existing debt. Value-add opportunities include completing the lease-up of renovated units that delivered in 2025 to increase occupancy to the submarket average of 98%. February collections totaled $70,191 (annualized $842,292), a 16% increase from January. Additional opportunities include increasing RUBS capture amount to meet comps in the area, currently capped at $75 per occupant (implemented March 2025 and includes electric, water/sewer, trash, gas and pest control), bringing the 4 non-revenue units back online, and enhancing curb appeal through an exterior renovation program involving exterior paint and updated signage. Located less than 10 miles from Downtown Tulsa, Midtown Reserve Apartments provides convenient access to the city’s primary employment hubs, entertainment districts, and major thoroughfares. Situated in Tulsa’s Stevenson/74135 area, the property is near retail and service destinations, including Parklane Shopping Center, Southroads, and the former Tulsa Promenade, each within an approximately four-minute drive. Midtown Tulsa is among the region’s vibrant and desirable submarkets, featuring corridors such as Brookside and Utica Square, along with cultural and outdoor amenities including The Gathering Place and Woodward Park.
Key Highlights
- Value‑add opportunity to increase revenue through strategic improvements and increased occupancy.
- Strong submarket occupancy rate of 98% indicates high demand.
- Free and clear of existing debt, providing financial flexibility.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Value-add multifamily property in Tulsa's vibrant Midtown submarket.
Where is this apartment building located?
The property is located at 4747 S Darlington Ave Tulsa, OK.
What are key features of this property?
This property features: Value‑add opportunity to increase revenue through strategic improvements and increased occupancy.; Strong submarket occupancy rate of 98% indicates high demand.; Free and clear of existing debt, providing financial flexibility.
