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7902 S 33rd West Ave 70 Unit Apartment Building $30,411,699 CAD ($434,453 CAD/Unit) 7.35% Cap Rate Tulsa, OK 74132
Investment Highlights
- Gated Community
- Newly built townhome community
Executive Summary
SVN Oak Realty Advisors is pleased to present Oakhill Townhomes, located at 7902 South 33rd
West Avenue in Tulsa, Oklahoma. This newly constructed 70-unit build-to-rent community offers a
unique investment opportunity in the West Tulsa submarket. The property features a low-density site
plan with a unit mix exclusively dedicated to large-format three-bedroom townhomes, positioned to
capture strong demand from families within the Jenks School District.
The investment assumptions are based on a purchase price of $22,000,000, equating to approximately
$314,286 per unit. The value-add strategy focuses on completing the lease-up of this brand-new asset to
capitalize on embedded rental growth without the need for immediate capital expenditures. The model
projects a first-year Net Operating Income (NOI) of $1,617,616, supporting an acquisition cap rate of
7.35% and a Year 1 cash-on-cash return of 7.49%.
Oakhill Townhomes offers a compelling opportunity for investors seeking exposure to the premium
build-to-rent sector with immediate stability and upside. The investment is projected to yield a strong 5-
year levered IRR of 23.29% and an equity multiple of 2.61x. The property’s spacious 1,800-square-foot
floorplans and strategic location near Tulsa Hills Shopping Center position this asset as a premier
housing option in the tight West Tulsa market.
$22,000,000
OFFERING PRICE
7.35%
YEAR 1 CAP RATE
70
TOTAL UNITS
$314,286
PRICE PER UNIT
7902 South 33rd West Avenue
5
West Avenue in Tulsa, Oklahoma. This newly constructed 70-unit build-to-rent community offers a
unique investment opportunity in the West Tulsa submarket. The property features a low-density site
plan with a unit mix exclusively dedicated to large-format three-bedroom townhomes, positioned to
capture strong demand from families within the Jenks School District.
The investment assumptions are based on a purchase price of $22,000,000, equating to approximately
$314,286 per unit. The value-add strategy focuses on completing the lease-up of this brand-new asset to
capitalize on embedded rental growth without the need for immediate capital expenditures. The model
projects a first-year Net Operating Income (NOI) of $1,617,616, supporting an acquisition cap rate of
7.35% and a Year 1 cash-on-cash return of 7.49%.
Oakhill Townhomes offers a compelling opportunity for investors seeking exposure to the premium
build-to-rent sector with immediate stability and upside. The investment is projected to yield a strong 5-
year levered IRR of 23.29% and an equity multiple of 2.61x. The property’s spacious 1,800-square-foot
floorplans and strategic location near Tulsa Hills Shopping Center position this asset as a premier
housing option in the tight West Tulsa market.
$22,000,000
OFFERING PRICE
7.35%
YEAR 1 CAP RATE
70
TOTAL UNITS
$314,286
PRICE PER UNIT
7902 South 33rd West Avenue
5
Property Facts
| Price | $30,411,699 CAD | Apartment Style | Townhome |
| Price Per Unit | $434,453 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 9.74 AC |
| Cap Rate | 7.35% | Building Size | 126,000 SF |
| No. Units | 70 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.04/1,000 SF |
| Zoning | PUD - PUD | ||
| Price | $30,411,699 CAD |
| Price Per Unit | $434,453 CAD |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 9.74 AC |
| Building Size | 126,000 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 0.04/1,000 SF |
| Zoning | PUD - PUD |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 70 | - | 1,800 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $6,570 CAD | Total Assessment | $6,570 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$6,570 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,570 CAD
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7902 S 33rd West Ave
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