4747 S Darlington Ave, Tulsa, OK 74135

Summary:
The Multifamily Group is pleased to present the exclusive offering of Midtown Reserve, a unique, value-add opportunity in Tulsa, Oklahoma. Constructed in 1965, the property consists of 87 units averaging 787 square feet. The property is currently 87% occupied, with strong occupancy rates in the submarket at 98%. Midtown Reserve is being offered free and clear of existing debt.

Value-Add:
- Complete lease-up of renovated units that delivered in 2025 and increase occupancy to submar-
ket average of 98%. February collections total $70,191 (annualized $842,292) a 16% increase from January.
- Increase RUBS capture amount to meet comps in the area; currently capped at $75 per occupant (implemented March 2025 and includes electric, water/sewer, trash, gas and pest control).
- Bring the 4 non-revenue units back online.
- Enhance curb appeal through exterior renovation program (exterior paint and updated signage).

Location:
Located less than 10-miles from Downtown Tulsa, Midtown Reserve Apartments provides convenient access to the city’s primary employment hubs, entertainment districts, and major thoroughfares. Situated in Tulsa’s Stevenson/74135 area, the property is anchored by a strong mix of nearby retail and service destinations, including Parklane Shopping Center, Southroads, and the former Tulsa Promenade, each within an approximately four-minute drive.

Midtown Tulsa is among the region’s most vibrant and desirable submarkets, featuring well-known corridors such as Brookside and Utica Square, along with premier cultural and outdoor amenities including The Gathering Place and Woodward Park. These attractions help drive consistent activity, engagement, and foot traffic throughout the broader market.