Investment Overview

Marcus & Millichap is pleased to present the listing of Waterstone Apartments, a 243-unit garden style apartment complex nestled in the heart of Tulsa, Oklahoma. Waterstone Apartments multifamily community invites residents to experience a harmonious blend of comfort, convenience, and vibrant living. Spanning across a generous 9.88 acres in Tulsa County, Waterstone Apartments presents an exceptional opportunity for both renters seeking quality accommodation and investors eyeing sustainable returns. Waterstone Apartments is skillfully arranged across four parcels with 34 one- and two-story brick apartment buildings which have been constructed in 1965, 1970, 1975, 1985, and 2004 respectfully. The development’s layout maximizes both privacy and accessibility, with lush landscaping and open green spaces that create an inviting atmosphere for residents. Wide walkways meander among the buildings, connecting residents to well-appointed amenities and fostering a sense of community. A potential investor can increase net operating income by implementing a utility bill back program to reduce water expenses and improve the overall asset value. The property has a proven track record of strong historical occupancy which is indicative of steady demand in the Tulsa multifamily market. Waterstone Apartments offers a diverse array of floor plans designed to suit every lifestyle. Each apartment is crafted with comfort and practicality in mind, featuring fully equipped kitchens, vinyl plank flooring and carpeting, washer and dryer connections providing residents with the convenience and flexibility of in-home laundry solutions. In addition to private amenities, the apartment complex offers an impressive suite of common areas, designed to enrich everyday life. The welcoming clubhouse serves as the community’s social center, hosting gatherings and providing a comfortable space for relaxation. Three onsite laundry facilities to ensure every resident has access to essential amenities, regardless of unit configuration. There is also an outdoor swimming pool which invites residents to unwind and socialize. Waterstone Apartments is situated within a designated Opportunity Zone, offering investors potential tax incentives and favorable regulatory conditions for new capital investment and redevelopment.