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Autumn Ridge Apartments 1713 S Memorial Dr 182 Unit Apartment Building For Sale Tulsa, OK 74112
Investment Highlights
- Extensive Recent Capital Improvements Nearing $3 Million
- Strategic Tulsa Location with Exceptional Employment Access
- Diverse unit mix from studios to three-bedroom layouts, averaging 767 SF per unit.
- Proven Value-Add Opportunity
- 182-unit garden-style community located on a high-visibility corridor in Tulsa.
Executive Summary
Autumn Ridge Apartments presents a significant multifamily investment opportunity in Tulsa, Oklahoma. This 182-unit garden-style community spans more than six acres and offers a balanced unit mix ranging from studios to three-bedroom apartments. With a current occupancy of approximately 95.6%, the property provides immediate income stability while allowing investors to implement value-add strategies through interior upgrades and operational efficiencies.
The asset is positioned along South Memorial Drive, a primary thoroughfare offering strong connectivity throughout Tulsa. The surrounding area features a robust employment base, access to retail amenities, and proximity to key transportation arteries including I-44 and U.S. Route 64, enhancing mobility for residents. Tulsa’s multifamily market benefits from steady demand supported by economic diversity, creating strong long-term growth potential for owners focused on repositioning or sustained hold strategies.
The property includes generous green space and multiple courtyards, offering opportunities for enhanced common area amenities. Additionally, rentable space per unit averages over 767 square feet, aligning with renter preferences for larger living areas. With existing occupancy strength and market-supported rental trends, Autumn Ridge offers both immediate revenue streams and room for rent growth through renovations, making it a compelling acquisition for investors seeking operational upside and continued market momentum in Oklahoma’s second-largest city..
The property benefits from strong workforce housing demand driven by its proximity to Tulsa International Airport, the Eastgate Metroplex, Tulsa’s industrial corridor, and several of the region’s largest employers, including Saint Francis Health System, American Airlines, Ascension St. John, and Hillcrest Health System. Combined with excellent commuter connectivity and long-term economic stability throughout the Tulsa metro, Autumn Ridge offers investors the opportunity to acquire a well-positioned multifamily asset within one of Tulsa’s most established residential corridors.
The asset is positioned along South Memorial Drive, a primary thoroughfare offering strong connectivity throughout Tulsa. The surrounding area features a robust employment base, access to retail amenities, and proximity to key transportation arteries including I-44 and U.S. Route 64, enhancing mobility for residents. Tulsa’s multifamily market benefits from steady demand supported by economic diversity, creating strong long-term growth potential for owners focused on repositioning or sustained hold strategies.
The property includes generous green space and multiple courtyards, offering opportunities for enhanced common area amenities. Additionally, rentable space per unit averages over 767 square feet, aligning with renter preferences for larger living areas. With existing occupancy strength and market-supported rental trends, Autumn Ridge offers both immediate revenue streams and room for rent growth through renovations, making it a compelling acquisition for investors seeking operational upside and continued market momentum in Oklahoma’s second-largest city..
The property benefits from strong workforce housing demand driven by its proximity to Tulsa International Airport, the Eastgate Metroplex, Tulsa’s industrial corridor, and several of the region’s largest employers, including Saint Francis Health System, American Airlines, Ascension St. John, and Hillcrest Health System. Combined with excellent commuter connectivity and long-term economic stability throughout the Tulsa metro, Autumn Ridge offers investors the opportunity to acquire a well-positioned multifamily asset within one of Tulsa’s most established residential corridors.
Property Facts
| Sale Type | Investment | Lot Size | 6.15 AC |
| No. Units | 182 | Building Size | 152,300 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 2.13/1,000 SF |
| Zoning | RM2 | ||
| Sale Type | Investment |
| No. Units | 182 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.15 AC |
| Building Size | 152,300 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | RM2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Walk-In Closets
Site Amenities
- Business Center
- Clubhouse
- Laundry Facilities
- Picnic Area
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 450 |
| 1+1 | 92 | - | 450 - 728 |
| 2+1 | 68 | - | 853 - 945 |
| 3+2 | 16 | - | 1,088 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $662,167 | |
| Land Assessment | $88,814 | Total Assessment | $750,981 |
Property Taxes
Parcel Numbers
Land Assessment
$88,814
Improvements Assessment
$662,167
Total Assessment
$750,981
Contacts
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Ryan Gorman -
Mike Marrara -
David Dirkschneider -
Jason Turner -
Chris Kennedy -
Shana Avison -
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Autumn Ridge Apartments | 1713 S Memorial Dr
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