1408 S Troost Ave - Apartments FOR SALE


Tulsa, OK 74120- Forest Orchard | 
$1,250,000 USD
918-924-2405
1408 S Troost Ave, Tulsa, OK for Sale
$1,250,000 USD
Apartments - FOR SALE
1/64
null | Request Cap Rate

1408 S Troost Ave
Tulsa, OK 74120
Forest Orchard


HIGHLIGHTS

  • Located within Tulsa's walkable Pearl District neighborhood.
  • Roof replacement completed in 2025.
  • Convenient access to major Tulsa highways and downtown amenities.
  • Originally configured as 12 units with four units combined.
  • Dedicated on-site laundry area for residents.
  • Rear parking plus additional front parking available.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

12

PRICE/UNIT

$104,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,143 SF

ZONING

RM2

APN/PARCEL ID

08575-93-07-03220

ASK ABOUT THIS PROPERTY

Kay SullivanChinowth & Cohen CommercialMore Info
918-924-2405

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Kay SullivanChinowth & Cohen CommercialMore Info
918-924-2405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.