- For Sale $10,000,000
- Property Type Other
- Property Size 86,228 SF
- Units 128
- Date Updated Jul 9, 2025
SVN Oak Realty Advisors is pleased to present the exclusive offering of Alexis Park Apartments, a 128-unit value-add multifamily community located in the growing East Tulsa submarket. Built in 1979, the property features spacious one- and two-bedroom layouts, classic interiors primed for renovation, and a strong in-place rent roll with immediate cash flow.
The property offers investors a proven renovation strategy with substantial upside. The value-add program, budgeted at $7,500 per unit, targets modern interior upgrades and amenity enhancements projected to yield average rent increases of $190 per unit. Renovated units ar,e underwritten to $1,050/month (or $1.49/SF), delivering a compelling 30.36% ROI on renovation spend.
At the proposed price of $10,000,000 ($78,125 per unit), the investment delivers immediate in-place yield with a Year 1 proforma NOi of $844,472, equating to an 8.44% cap rate. Projected returns rise to $1,031,758 NOi by Year 3, stabilizing at a 12.50% cash-on-cash return and 1.97x DSCR. The offering benefits from competitive positioning and below-market rents with clear upside supported by local comps.
Positioned in a high-occupancy, workforce-driven corridor with limited new supply and close proximity to major employers and infrastructure, 12525 East 41 Street represents a scalable, high-yield investment opportunity supported by favorable fundamentals and long-term demand growth.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
52/100
Somewhat Walkable
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Transit Score ®
24/100
Minimal Transit
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Bike Score ®
45/100
Somewhat Bikeable
- City Tulsa, OK
- Neighborhood Park Plaza East Rec
- Zip Code 74146
- Market Tulsa
Points of Interest
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Train Stop
8.42 miles
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QuikTrip
0.87 miles
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Kum & Go
1.55 miles
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QS Foods
1.99 miles
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Sinclair
2.10 miles
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Tesla Supercharger
5.84 miles
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Francis Energy
5.91 miles
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ChargePoint
7.07 miles
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Frances EV Charging
7.20 miles
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Merit Corporate Park
0.41 miles
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Briarglen Elementary School
0.64 miles
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Bill Boevers Soccer Complex
0.85 miles
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Mount Olive Lutheran Church
1.00 miles
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Disney Elementary School
1.53 miles
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Columbus Elementary School
1.85 miles
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Zip's Car Wash
2.56 miles
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Robert B Grove Elementary School
2.61 miles
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Quality Inn
1.11 miles
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SureStay Plus Hotel by Best Western
1.11 miles
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WoodSpring Suites
1.16 miles
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Clarion Hotel
2.23 miles
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Econo Lodge Broken Arrow - Tulsa
2.23 miles
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Hampton Inn
2.32 miles
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Best Western Plus Woodland Hills Hotel & Suites
2.61 miles
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Oaktree Inn
2.92 miles
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Comfort Suites
2.94 miles
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Homewood Suites
2.95 miles
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Mazzio's
0.79 miles
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Arby's
0.79 miles
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McDonald's
0.86 miles
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Braum's
0.88 miles
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Seoul Bistro
0.91 miles
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Applebee's
0.94 miles
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Sonic
1.04 miles
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Jack In The Box
1.09 miles
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Ranchero Tulsa
1.11 miles
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Puerto Bello
1.14 miles
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Briarglen
0.69 miles
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Boevers Elementary
0.70 miles
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Ellen Ochoa Elementary School
0.90 miles
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Rosa Parks Elementary School
1.01 miles
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Oklahoma Wesleyan University (satellite campus, Tulsa)
1.22 miles
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Roy Clark Elementary
1.52 miles
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Disney Elementary School
1.55 miles
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Columbus Elementary School
1.79 miles
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College Bound Academy
2.02 miles
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Paul Mitchell: The School
2.07 miles
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Primrose School
2.57 miles
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Legacy
2.89 miles
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Peppermint Palace Learning Center
3.19 miles
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Sweetie Pea Daycare Learning Center
3.20 miles
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Silver Star Child Care
3.28 miles
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KinderCare
5.16 miles
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Adventure Avenue
6.33 miles
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Charley Brown's Child Care Center
6.42 miles
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Chapman Child Learning Center
7.59 miles
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Pine Premier Child Care
9.81 miles
Frequently Asked Questions
The space currently listed for sale at Alexis Park asks for $10,000,000.
Alexis Park totals 86,228 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
