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7413 Melrose Lane, Oklahoma City, OK 73127

For-sale multifamily apartment building in Oklahoma City, positioned within a metro supported by major economic anchors.

Property Size13,600 SF
Price / SF$88.24
Days on Market60

Property Features for 7413 Melrose Lane

General Information

Standard status Active
Size 13,600 SF
Property subtype Multifamily

Building Details

Year Built 1968
Listing Agency: Rock Property Group
Listed By: Ted Holmes · License #OK
Source: Crexi
Added: Jun 8 Changed: Jul 10 Last Checked: Aug 5 at 5:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rock Property Group

Investment Insights

Based on property information with market context.

This for-sale multifamily apartment building offers a residential income property configuration in an established Oklahoma City setting. The property is categorized as an apartment building and other apartment building, making it aligned with investors and operators seeking to buy or evaluate multifamily housing assets.

Located at 7413 Melrose Lane in Oklahoma City, the surrounding metro context is supported by citizen-led tax initiatives (MAPS) and ongoing infrastructure and downtown development described in the property’s public remarks. The OKC metro’s economy is noted as being backed by major anchors in aerospace, health care, and energy, and the remarks cite an unemployment rate of 3.3%.

For buyers reviewing residential income opportunities in the Oklahoma City area, this asset provides a straightforward multifamily product type. The local economic backdrop highlighted in the remarks—along with the metro’s continued population growth and infrastructure focus—may be relevant to underwriting residential demand drivers. Prospective investors and brokers can evaluate the property as a potential hold or acquisition based on their own operating strategy and desired tenant profile, using the available information on asset type and the broader OKC metro conditions described here.

Key Highlights

  • For‑sale multifamily apartment building in Oklahoma City
  • Year built: 1968
  • OKC metro unemployment rate of 3.3%

Property Analytics

Current Use

Melrose Oaks Apartment Complex

Suggested Use

Top Pick Hair Salon Nail Salon Law Firm Spa & Massage Center Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby

Demographics for 73127, OK

27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - For-sale multifamily apartment building in Oklahoma City, positioned within a metro supported by major economic anchors.
Where is this apartment building located?
The property is located at 7413 Melrose Lane Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: For‑sale multifamily apartment building in Oklahoma City; Year built: 1968; OKC metro unemployment rate of 3.3%
More about this property
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