The Charl Ann Apartments 6330 E 7th St 18 Unit Apartment Building $1,599,900 ($88,883/Unit) 9.33% Cap Rate Tulsa, OK 74112

Positioned for continued upside in a rapidly improving Tulsa corridor, this 18-unit multifamily investment offers a rare combination of stable operations, value-add potential, and tenant-friendly amenities that drive long-term occupancy. With all bills paid by ownership—including water, electric (PSO), gas (ONG), and trash—the property maintains a strong competitive advantage in the local rental market and provides an attractive leasing experience for residents.
The property features central heat and air in all units, private off-street parking, and a beautifully maintained courtyard that creates a welcoming community atmosphere. Some units are fully rebuilt, showcasing high-quality finishes throughout, setting a strong standard for future renovations and demonstrating ownership’s commitment to long-term asset quality.
An additional opportunity exists with the on-site laundry building located within the courtyard. Currently utilized for storage, the space is already positioned for conversion into an income-producing laundry facility, offering future operational upside for a new owner.
Located just minutes from I-244, the property offers exceptional connectivity throughout the Tulsa metro. The University of Tulsa is approximately three miles away, providing consistent rental demand from students, faculty, and surrounding workforce populations.
The property is located within a FEMA-designated flood zone. Flood insurance is standard for the area and represents a typical cost of ownership. The property has operated without flood-related interruptions.
This is an excellent opportunity for an investor seeking a stabilized asset with operational momentum, future upside potential, and strong long-term rental demand drivers in place.
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