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Cornerstone Apartments 2 Multifamily Properties Offered at $2,669,141 CAD in Tulsa, OK
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.
Property Facts
| Price | $2,669,141 CAD | Number of Properties | 2 |
| Price / SF | $81.92 CAD / SF | Individually For Sale | 1 |
| Cap Rate | 8.67% | Total Building Size | 32,584 SF |
| Sale Type | Investment | Total Land Area | 1.61 AC |
| Status | Active |
| Price | $2,669,141 CAD |
| Price / SF | $81.92 CAD / SF |
| Cap Rate | 8.67% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 32,584 SF |
| Total Land Area | 1.61 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Cornerstone Apartments
5623 S Quincy Ave, Tulsa, OK 74105 |
Multifamily | 22,600 SF | 1970 | - |
|
Cornerstone Apartments
1402 E 56th St, Tulsa, OK 74105 |
Multifamily | 9,984 SF | 1965 | - |
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