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Property summary
This exceptional value-add multifamily investment opportunity presents a compelling case for astute investors. The Melrose Apartments, located at 6321 E 9th St, Tulsa, OK 74112, comprises a 52-unit apartment complex situated on a 2.5-acre lot. Built in 1974 and renovated in 2019, the property consists of six, two-story buildings totaling 44,500 square feet, with 42,800 square feet of net rentable space. Currently boasting a 92% occupancy rate (projected 100% by 10/28/2024), the property… offers a mix of spacious one and two-bedroom units, each featuring washer and dryer connections. The property includes 74 parking spaces and is zoned RS-2. The current NOI is $259,010, with a pro-forma NOI of $295,250, resulting in a current cap rate of 6.91% and a pro-forma cap rate of 7.87%. The asking price is $3,750,000, translating to $72,115.38 per unit and $84.27 per square foot. Significant upside potential exists through further interior and exterior upgrades, capitalizing on the property's proximity to historic Route 66 and its strong potential for increased rental income. This is a rare opportunity to acquire a well-located, value-add apartment complex in a growing market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
12 properties in this cityComparable in this city
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 44,500 SF
- Lot area
- 2.5 ac
- Year built
- 1974
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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