For Sale
$6,500,000

6609 Lewis AveTulsa, OK 74136

107-Unit Apartment Building, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 107-unit apartment building, known as The Fairway, presents a compelling investment opportunity in Tulsa, Oklahoma. Located at 6609 S Lewis Ave, Tulsa, OK 74136, this Class C multifamily property boasts 69,838 square feet of net rentable space situated on a 3.26-acre lot. Built in 1967 and extensively renovated in 2020, The Fairway offers modernized interiors with upgraded kitchens and bathrooms, fresh paint, updated landscaping, and refurbished common areas. Amenities include a swimming pool and clubhouse. The property benefits from its prime South Tulsa location, offering easy access to major employment centers, retail corridors along South Lewis Avenue and Riverside Drive, and top-rated schools. The asking price is $6,500,000, translating to a price per unit of $60,747.66. The property enjoys a high occupancy rate, consistent rental income growth, and efficient expense management, making it an attractive investment with strong potential for long-term value appreciation. Attractive assumable financing is available at a competitive interest rate. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving market.

Highlights

  • 107-unit Class C multifamily property in Tulsa, OK.
  • 69,838 square feet on a 3.26-acre lot at 6609 S Lewis Ave.
  • Built in 1967, extensively renovated in 2020 with upgraded interiors and common areas.
  • Amenities include a swimming pool and clubhouse.
  • Prime South Tulsa location with access to employment centers, retail, and top-rated schools.
  • $6,500,000 asking price ($60,748 per unit).

Property Details for 6609 Lewis Ave

Property type
Apartment buildings
Class
C
Year Built/Renovated
1967/2020
Lot Size (sq. ft)
142,006 SF
Units
107

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.0676224
Longitude
-95.9574444
6609 Lewis Ave, Tulsa, Oklahoma

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6609 Lewis Ave
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