5504 E 5th Place, Tulsa, OK 74112
Local realty services provided by:ERA CS Raper & Son
5504 E 5th Place,Tulsa, OK 74112
$424,500
- 6 Beds
- 5 Baths
- 3,136 sq. ft.
- Multi-family
- Active
Listed by:trish ary
Office:keller williams advantage
MLS#:2532685
Source:OK_NORES
Price summary
- Price:$424,500
- Price per sq. ft.:$135.36
About this home
INCOME-PRODUCING PROPERTY NEAR TU—FEATURING A FULLY LEASED HOME PLUS A TWO-STORY DUPLEX AND OPTION TO PURCHASE ADDITIONAL LAND FOR FUTURE DEVELOPMENT OR EXPANSION. This one-of-a-kind Midtown Tulsa property includes the option to purchase an additional 0.52 +/- acre lot, along with exclusive rights to approximately 0.75 +/- acres of Burlington Northern Railroad Right-of-Way land—a rare development opportunity available only to the adjacent owner (see map for outline in photos). Located in the historic White City/Glen Haven neighborhood, just 1.5 miles from the University of Tulsa, this setup offers flexible use and immediate income.
The updated 3-bed, 2-bath main home is tenant-occupied with a one-year lease that includes a 60-day break clause. This arrangement allows for continued income or the option for an owner-occupant to move into the main home in the future. The adjacent newer-construction two-story duplex adds further versatility. Both duplex units have private entrances and backyard access. The upstairs unit includes 2 bedrooms, 1.5 bathrooms, and a private balcony, while the downstairs unit features 1 bedroom and 1 bathroom. Buyers have the ability to live in the main home while renting out the duplex, or continue leasing all three units for maximum income potential.
Also included is a garage with potential to convert into a studio unit, creating added rental upside. The additional 0.52 +/- acre lot (MLS# 2524445) is available for purchase and unlocks access to the 0.75 +/- acres of adjoining railroad land, ideal for added units, redevelopment, or creating a private compound. Prime location just a short walk to Braden Park, featuring a pond, playground, splash pad, picnic area, walking path, basketball and tennis courts. Only 2.3 miles to Expo Square, 4 miles to Utica Square, under 5 miles to Downtown Tulsa, ONEOK Field, Cox Business Center, and the BOK Center, and 7 miles to The Gathering Place. A rare opportunity in a thriving Midtown corridor!
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Home facts
- Year built:1940
- Listing ID #:2532685
- Added:20 day(s) ago
- Updated:September 26, 2025 at 09:04 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:4
- Living area:3,136 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric, Gas
Structure and exterior
- Year built:1940
- Building area:3,136 sq. ft.
- Lot area:0.29 Acres
Schools
- High school:Rogers
- Elementary school:Bell
Finances and disclosures
- Price:$424,500
- Price per sq. ft.:$135.36
- Tax amount:$1,775 (2024)
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