1408 S Troost Avenue presents an opportunity to acquire a boutique multifamily asset in Tulsa's Pearl District area, one of the city's most established and walkable urban neighborhoods. The three-story apartment building currently contains 10 residential units and was originally configured as 12 units, with four units combined to create larger living spaces. This configuration provides potential flexibility for future ownership strategies while offering an existing rental property in a location supported by ongoing residential and commercial activity.
The property benefits from proximity to downtown Tulsa, the Cherry Street corridor, and the city's growing collection of restaurants, entertainment venues, neighborhood retail, and employment centers. Residents have convenient access to major transportation routes, including nearby highway connections that support travel throughout the Tulsa metropolitan area. The surrounding area continues to attract renters seeking an urban lifestyle with access to dining, shopping, cultural amenities, and employment opportunities.
Property improvements include a roof replacement completed in 2025, providing a recent capital improvement for ownership. Additional on-site amenities include a dedicated laundry area, four rear parking spaces, and supplemental parking located in front of the building. The combination of an established multifamily use, recent roof replacement, parking availability, and location within a highly desirable Tulsa neighborhood positions the property for investors seeking a value-add opportunity in a market supported by ongoing rental demand.