Multifamily Investment in Tulsa
6330 E 7th Street Tulsa, OK 74112
6330 E 7th Street, Tulsa, OK, 74112
$1,599,900
For Sale
$1,599,900
18-unit multifamily property with value-add potential and tenant-friendly amenities.
Property Size16,163 SF
Price / SF$98.99
Days on Market65
Property Features for 6330 E 7th Street
General Information
- Standard status
- Active
- Size
- 16,163 SF
Listing Agency
Linked Realty LLC
(918) 924-7792
Listed by
Jesse Hancock
(918) 924-7792
Source
Exprealty
Added: May 15 Checked: Jul 17 at 6:04 am
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 Linked Realty LLC
Investment Insights
Based on property information with market context.
This 18-unit multifamily property is positioned in a rapidly improving Tulsa corridor. It offers stable operations, value-add potential, and tenant-friendly amenities. All bills are paid by ownership, including water, electric (PSO), gas (ONG), and trash. The property features central heat and air in all units, private off-street parking, and a maintained courtyard. Some units are fully rebuilt with high-quality finishes. An additional opportunity exists with the on-site laundry building located within the courtyard, currently utilized for storage, the space is already positioned for conversion into an income-producing laundry facility. Located just minutes from I-244, the property offers connectivity throughout the Tulsa metro. The University of Tulsa is approximately three miles away. The property is located within a FEMA-designated flood zone. The property has operated without flood-related interruptions. The property size is 16163 square feet.
Key Highlights
- Stable, 18‑unit multifamily investment in a rapidly improving Tulsa corridor.
- All bills paid by ownership (water, electric, gas, trash) providing a competitive advantage.
- Value‑add potential through on‑site laundry building conversion.
Local Financial Insights For Apartment 5plus
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 | $290.9k | $18.00 |
| − Vacancy | −$28.8k | −$1.78 |
| EGI | $262.1k | $16.22 |
| − OpEx | −$118.0k | −$7.30 |
| NOI | $144.2k | $8.92 |
16,163 SF · lease $18.00/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.40M
NOI $144,172 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,312 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Charl Ann Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 18-unit multifamily property with value-add potential and tenant-friendly amenities.
Where is this apartment building located?
The property is located at 6330 E 7th Street Tulsa, OK.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Stable, 18‑unit multifamily investment in a rapidly improving Tulsa corridor.; All bills paid by ownership (water, electric, gas, trash) providing a competitive advantage.; Value‑add potential through on‑site laundry building conversion.
