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Cornerstone Apartments 5623 S Quincy Ave 19 Unit Apartment Building For Sale Tulsa, OK 74105
INVESTMENT HIGHLIGHTS
- Unrealized Value-Add Through Non-Revenue Unit Conversion
- Superb Location with Strong Employment and Lifestyle Access
- Recent CapEx and Future Development Opportunity
EXECUTIVE SUMMARY
Colliers is pleased to present Cornerstone Apartments, a 26-unit multifamily community located in the heart of Tulsa, Oklahoma. Built in 1970, the property offers investors a stable, income-producing asset with clear value-add potential. Cornerstone includes a non-revenue unit—already separately metered for electricity—that can be converted into a rentable apartment, creating immediate upside with minimal capital investment. Ownership recently completed new roofs in 2022, providing long-term structural stability and reducing future capital exposure. The property also features an undeveloped 0.33-acre tract zoned multifamily, ideal for expansion or amenity development. Centrally located near I-44 and U.S. 75, Cornerstone sits minutes from Tulsa’s largest employment centers—including Saint Francis Health System, American Airlines, QuikTrip, and the Industrial Corridor—anchoring durable renter demand. This combination of location, stability, and accessible upside makes Cornerstone Apartments a compelling investment in one of Tulsa’s most proven multifamily submarkets.
https://my.rcm1.com/buyer/slp?pv=Gxeu7Ln5QsaHi7YYU2j3MKZ6WS9d4OHCgCHWJdt26CQ
https://my.rcm1.com/buyer/slp?pv=Gxeu7Ln5QsaHi7YYU2j3MKZ6WS9d4OHCgCHWJdt26CQ
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.30 AC |
| No. Units | 19 | Building Size | 22,600 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise | Parking Ratio | 1.64/1,000 SF |
| Building Class | C | ||
| Zoning | RM1 - Residential Multi-family 1 zoning district primarily intended to accommodate low-density multi-family housing | ||
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 22,600 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | RM1 - Residential Multi-family 1 zoning district primarily intended to accommodate low-density multi-family housing |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 700 |
| 2+1 | 6 | - | 900 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $102,806 | |
| Land Assessment | $14,168 | Total Assessment | $116,974 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,168
Improvements Assessment
$102,806
Total Assessment
$116,974
CONTACTS
-
Jason Turner -
Mike Marrara -
Ryan Gorman -
David Dirkschneider -
Chris Kennedy -
Ryan Chapman -
Shana Avison -
Colliers
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Cornerstone Apartments | 5623 S Quincy Ave
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