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Metro Plex Apartments 2302 S 137th East Ave 217 Unit Apartment Building For Sale Tulsa, OK 74134
INVESTMENT HIGHLIGHTS
- Down-to-the-studs renovation delivers a modern living experience at attainable pricing.
- Balanced unit mix with superior rent growth and occupancy ensures durable cash flow.
- Exceptional connectivity near I-44 and Highway 169 to Tulsa’s major employment hubs.
- Stabilized asset with proven performance, recent CapEx, and income growth potential through washer/dryer additions.
EXECUTIVE SUMMARY
Colliers is pleased to present Metro Plex Apartments, a 217-unit, 1975-vintage community located in Tulsa’s thriving East Tulsa corridor. Following a comprehensive down-to-the-studs renovation, the property has been fully repositioned both physically and operationally, offering residents a modern living experience at an attainable price point. The community features a balanced mix of one-, two-, and three-bedroom floorplans that outperform submarket peers in both rent growth and occupancy—providing
durable cash flow and long-term competitiveness. Strategically situated near I-44 and Highway 169, Metro Plex benefits from exceptional connectivity to Tulsa’s largest employment hubs, including Saint Francis Health System, American Airlines, Amazon, and the Eastgate Metroplex—a 1-million-square-foot mixed-use complex anchored by Coca-Cola Enterprises, Capital One, Alorica, and Workforce Oklahoma. More than 85,000 jobs lie within a five mmile radius, reinforcing consistent renter demand.
Anchored by strong workforce demographics, extensive recent CapEx, and immediate operational upside through washer/dryer additions, Metro Plex Apartments offers investors a stabilized asset with proven performance, meaningful income growth potential, and enduring value in one of Tulsa’s most resilient multifamily submarkets.
https://my.rcm1.com/buyer/slp?pv=UaFomjgsevuZDkBqwmy99SSPNqdSCFIsxQeStSKwhTQ
durable cash flow and long-term competitiveness. Strategically situated near I-44 and Highway 169, Metro Plex benefits from exceptional connectivity to Tulsa’s largest employment hubs, including Saint Francis Health System, American Airlines, Amazon, and the Eastgate Metroplex—a 1-million-square-foot mixed-use complex anchored by Coca-Cola Enterprises, Capital One, Alorica, and Workforce Oklahoma. More than 85,000 jobs lie within a five mmile radius, reinforcing consistent renter demand.
Anchored by strong workforce demographics, extensive recent CapEx, and immediate operational upside through washer/dryer additions, Metro Plex Apartments offers investors a stabilized asset with proven performance, meaningful income growth potential, and enduring value in one of Tulsa’s most resilient multifamily submarkets.
https://my.rcm1.com/buyer/slp?pv=UaFomjgsevuZDkBqwmy99SSPNqdSCFIsxQeStSKwhTQ
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 12.29 AC |
| No. Units | 217 | Building Size | 258,802 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1975/2014 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Zoning | RM1 | ||
| Sale Type | Investment |
| No. Units | 217 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.29 AC |
| Building Size | 258,802 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2014 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
- Dining Room
- Family Room
- Linen Closet
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Basketball Court
- Cabana
- Grill
- Storage Space
- Maintenance on site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 60 | - | 820 |
| 2+1 | 72 | - | 980 - 1,010 |
| 2+1.5 | 56 | - | 1,240 |
| 3+2 | 28 | - | 1,340 |
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PROPERTY TAXES
| Parcel Number | 12135-94-16-26150 | Improvements Assessment | $879,566 |
| Land Assessment | $35,864 | Total Assessment | $915,430 |
PROPERTY TAXES
Parcel Number
12135-94-16-26150
Land Assessment
$35,864
Improvements Assessment
$879,566
Total Assessment
$915,430
CONTACTS
-
Ryan Gorman -
Mike Marrara -
David Dirkschneider -
Jason Turner -
Chris Kennedy -
Colliers
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Metro Plex Apartments | 2302 S 137th East Ave
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