5504 E 5th Place, Tulsa, OK 74112

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$499,500

bedrooms

bathrooms

square feet

3,136

Acreage

0.295

Open Houses

year built

1940

Full Baths

Half Baths

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UPDATED 1940 TU AREA HOUSE with DUPLEX desirable solid recent build DUPLEX with super thick slab and 6” studs on 12 inch centers…It’s also offered with mls 2511416. A half-acre Lot ready for a Luxury house or Duplex rentals $135,000… less a $40,000 LOT discount if both purchased together with the House & Duplex. That Half Acre LOT Comes with the Exclusive Option to Buy the Adjacent Railroad Lots from the BURLINGTON NORTHERN RAILROAD RIGHT-OF-WAY!!!… This Property currently has a gross monthly income of $4000. Current CAP Rate 7, Proforma CAP Rate 9 CALL for DETAILS… LARGEST DEVELOPMENT AVAILABILITY IN THIS VALUABLE TU NEIGHBORHOOD IN DECADES! Located in Historic "White City/ Glen Haven" by THE UNIVERSITY OF TULSA. Recently Remodeled, the 3 bed 2 full bath single-level 1940 home has Fresh Paint and Newly Refinished Original Hardwoods... A Spacious Front Porch and Large Concrete Deck in the back... The house sits on its own Fenced Backyard separated from the back units. The sizeable, High-Ceilinged Two-Story Apartment Structure is of newer construction and comes with a 1 car garage, utility room and additional storage that can also be converted to another rental. Upstairs is a large updated 2 bed 1.5 Bath Apartment with a Balcony. Downstairs you find a 1 Bed, 1 Bath unit with both sharing direct access to a fenced backyard. The Neighborhood Walking Trail System and the Neighborhood Park are steps away, as is THE UNIVERSITY OF TULSA at just 1.5 miles and I-244 at a half mile! May be purchased with adjacent Half Acre Lot.

Location
Subdivision	-
County	Tulsa
Elementary School	Bell
Middle School	-
High School	Rogers

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MLS number: 2511407

Listing agent: Vincent Donaldson #158827

Listing broker: Keller Williams Realty Owasso (918) 272-0809

Last update: Wednesday, April 16 2025 at 12:39 p.m. EDT

Kotohomes National