
5504 E 5th Place Tulsa, OK 74112
Turner Park NeighborhoodEstimated payment $2,741/month
Highlights
- Craftsman Architecture
- Deck
- Wood Flooring
- Mature Trees
- Vaulted Ceiling
- Granite Countertops
About This Home
RARE FIND – CASH-FLOWING, FULLY OCCUPIED HOME WITH TWO-STORY DUPLEX NEAR TU AND ADDITIONAL LAND AVAILABLE FOR PRIME DEVELOPMENT OR EXPANSION! This one of a kind Midtown Tulsa property generates $4,150/month in gross rent and 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 income-producing setup features an updated 3-bed, 2-bath main home with fresh paint, newly refinished original hardwood floors, a fenced backyard, spacious front porch, and large concrete back deck.
The adjacent newer-construction two-story duplex is built on a thick slab with 6” studs on 12” centers. Both units have access to a private backyard. The upstairs unit includes 2 bedrooms, 1.5 bathrooms, a private entrance, and a balcony. The downstairs unit features 1 bedroom, 1 bathroom, and a private entrance. All units are tenant-occupied and fully turn-key, offering immediate income from day one. 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 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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,775
Year Built
- Built in 1940
Lot Details
- 0.3 Acre Lot
- North Facing Home
- Chain Link Fence
- Mature Trees
- Additional Land
Parking
- 1 Car Attached Garage
Home Design
- Craftsman Architecture
- Wood Frame Construction
- Fiberglass Roof
- HardiePlank Type
- Asphalt
Interior Spaces
- 3,136 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Insulated Windows
- Aluminum Window Frames
- Insulated Doors
- Crawl Space
- Storm Windows
- Washer and Gas Dryer Hookup
Kitchen
- Oven
- Range
- Plumbed For Ice Maker
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
Eco-Friendly Details
- Energy-Efficient Windows
- Energy-Efficient Doors
Outdoor Features
- Deck
- Covered patio or porch
Schools
- Bell Elementary School
- Rogers High School
Utilities
- Zoned Heating and Cooling
- Heating System Uses Gas
- Gas Water Heater
Community Details
- No Home Owners Association
- Glenhaven Amd Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $1,657 | $13,709 | $1,200 | $12,509 |
2023 | $1,657 | $13,057 | $1,911 | $11,146 |
2022 | $1,658 | $12,435 | $1,820 | $10,615 |
2021 | $1,564 | $11,843 | $1,733 | $10,110 |
2020 | $1,469 | $11,279 | $1,651 | $9,628 |
2019 | $1,472 | $10,742 | $1,572 | $9,170 |
2018 | $1,405 | $10,230 | $1,980 | $8,250 |
2017 | $1,402 | $10,230 | $1,980 | $8,250 |
2016 | $1,373 | $10,230 | $1,980 | $11,770 |
2015 | $1,850 | $13,750 | $1,980 | $11,770 |
2014 | $1,832 | $13,750 | $1,980 | $11,770 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/30/2025 07/30/25 | For Sale | $469,500 | -- | $150 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Interfamily Deed Transfer | -- | None Available | |
Warranty Deed | -- | None Available | |
Interfamily Deed Transfer | -- | None Available | |
Quit Claim Deed | -- | None Available | |
Quit Claim Deed | -- | None Available | |
Quit Claim Deed | -- | -- | |
Quit Claim Deed | -- | -- | |
Interfamily Deed Transfer | -- | -- | |
Interfamily Deed Transfer | -- | -- | |
Interfamily Deed Transfer | -- | Delta Title & Escrow Company |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Closed | $124,159 | Commercial | |
Previous Owner | $119,817 | Future Advance Clause Open End Mortgage | |
Previous Owner | $90,048 | New Conventional | |
Previous Owner | $96,000 | New Conventional |
Similar Homes in the area
Source: MLS Technology
MLS Number: 2532685

APN: 16325-93-03-04250
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