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    321 Apache St Tulsa, OK 74106

    For Sale
    $307,000

    Four renovated Tulsa rentals, 100% occupied.

    Property size:
    3,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a portfolio of four single-family rental properties located in Tulsa, Oklahoma. The portfolio comprises four renovated, one-story buildings, each with two parking spaces per unit, totaling 4,148 net rentable square feet on approximately 7,000 to 7,800 square feet of land. Built in 1942 and completely renovated in 2024, these properties boast a 100% occupancy rate as of June 21, 2024, generating a substantial net operating income (NOI) of $42,367. The portfolio offers a compelling 13.80% capitalization rate (Cap Rate) and a pro-forma Cap Rate of 13.80%. Each unit is priced at $76,750, with the entire portfolio listed at $307,000. The properties are situated in a high-demand area and are zoned RS3. Two units currently command market rates, while two others benefit from approved Section 8 rental vouchers, ensuring stable and consistent income. One tenant has a long-term lease. The portfolio's individual addresses are: 321 E Apache St, 2529 N Quaker Ave, 604 East 30th St N, and 522 E Zion St, all in Tulsa, OK 74106. This is a fee simple ownership opportunity. The properties are individually identified by the following APNs: 11325-02-24-06370, 40525-02-24-09720, 23175-03-30-13510, and 05400-02-25-04040.

    Property Features for 321 Apache St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,900 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1942/2024
    Buildings
    4
    Stories
    1
    Units
    4

    HighLights

    • $307,000 asking price for a stabilized, four‑unit, Class C multifamily portfolio in Tulsa, OK.
    • 13.80% cap rate with a $42,367 annual NOI.
    • 100% occupancy as of June 21, 2024.
    • Four single‑family rental homes, each with two parking spaces, totaling approximately 4,148 net rentable square feet.
    • Recently renovated in 2024; built in 1942.
    • Located on four separate lots, totaling 7,000‑7,800 square feet, with individual APNs provided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.990215118668
    Latitude
    36.191476142907

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    FAQs

    What type of property is this?
    Multifamily property - Four renovated Tulsa rentals, 100% occupied.
    Where is this multifamily property located?
    The property is located at 321 Apache St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $307,000.
    What are key features of this property?
    This property features: $307,000 asking price for a stabilized, four-unit, Class C multifamily portfolio in Tulsa, OK.; 13.80% cap rate with a $42,367 annual NOI.; 100% occupancy as of June 21, 2024.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 Apache St Tulsa, OK 74106
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