Two-Building Suite
3701 N Meridian Avenue Oklahoma City, OK 73112
For Sale
$950,000
MULTI_FAMILY - Oklahoma City, OK
Property Size3,708 SF
Lot Size0.30 Acres
Price / SF$256.20
Days on Market48
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 Agency:
Senemar & Associates
(405) 724-7003
Listed By:
Mitra Senemar · License #143837
(405) 834-2158
Added: Jun 11
Changed: Jul 12
Last Checked: Jul 28 at 6:06AM
MLS# 1229443
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.
Investment Insights
Based on property information with market context.
This two-building property on N Meridian Avenue includes 3701 N. Meridian Avenue and 3705 N. Meridian Avenue, offering a total of five suites. Four suites are currently occupied and one suite is vacant, creating immediate leasing and owner-user flexibility. The total size for both buildings is stated at 5,474 square feet.
The buildings are located at the corner of NW 36th Street and North Meridian Avenue in northwest Oklahoma City, within a well-established commercial corridor. Public remarks indicate the area is surrounded by medical, institutional, and professional uses, with convenient access to major arterial roads and nearby stable residential neighborhoods.
Interested parties should request the current rent roll and schedule a private tour; tenants should not be disturbed.
The buildings are located at the corner of NW 36th Street and North Meridian Avenue in northwest Oklahoma City, within a well-established commercial corridor. Public remarks indicate the area is surrounded by medical, institutional, and professional uses, with convenient access to major arterial roads and nearby stable residential neighborhoods.
Interested parties should request the current rent roll and schedule a private tour; tenants should not be disturbed.
Key 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.
Financial Insights For Apartment 5plus
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 | $60.1k | $16.20 |
| − Vacancy | −$3.1k | −$0.84 |
| EGI | $56.9k | $15.36 |
| − OpEx | −$25.6k | −$6.91 |
| NOI | $31.3k | $8.45 |
3,708 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$447.4K
$391.5K – $522.0K
NOI $31,320 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,770 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings totaling five suites, with four occupied and one vacant, positioned on a prominent NW 36th and N Meridian corner.
Where is this apartment building located?
The property is located at 3701 N Meridian Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 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.
