3701 N Meridian Avenue, Oklahoma City, OK 73112
MULTI_FAMILY - Oklahoma City, OK
- Added:
- Jun 11, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 3701 N Meridian Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 3701NMeridian73112
- Size
- 3,708 SF
- Lot size
- 0.30 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 1
Listing agent Mitra Senemar License #143837 (405) 834-2158
Listing office Senemar & Associates 205 E. Memorial RD, Oklahoma City, OK (405) 724-7003
Listing date Jun 11, 2026
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑building commercial property at 3701 N. Meridian Ave and 3705 N. Meridian Ave (total 5 suites; 4 occupied, 1 vacant).
- Total building size: 5,474 SF.
- Corner location on NW 36th Street and North Meridian Avenue in northwest Oklahoma City along a commercial corridor.
- Utilities include public water and public sewer; HVAC provided via natural gas heating with central air and electric cooling.
- Year built: 1978.
Overview
The buildings are located at the corner of NW 36th Street and North Meridian Avenue in northwest Oklahoma City. The setting is described as a well-established commercial corridor with surrounding medical, institutional, and professional uses, along with convenient access to major arterial roads.
For tenants, the mix of occupied and vacant suites can support office, medical, or other service-oriented operations that benefit from a multi-tenant arrangement. For an owner-user, the presence of one vacant suite provides an immediate option to accommodate expansion or transition into an adjacent space. For investors, the current occupancy level reflects an income-producing setup with one suite available, subject to confirming the current rent roll with the listing contact and scheduling a private tour without disturbing tenants.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.6k | $24.96 |
| − Vacancy | −$22.2k | −$5.99 |
| EGI | $70.3k | $18.97 |
| − OpEx | −$17.6k | −$4.74 |
| NOI | $52.8k | $14.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.601507
- Latitude
- 35.508085
