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    2321 Meridian Ave Oklahoma City, OK 73107

    For Sale
    $11,140,000

    142 Units, High Occupancy, Stable Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Oklahoma City multifamily investment portfolio comprises 142 units spread across 22 buildings, strategically located throughout the city, including addresses in zip codes 73107, 73112, 73114, 73119, and 73162. The portfolio boasts a strong 93% occupancy rate, generating stable rental income from a mix of one, two, and three-bedroom units. The Class C properties are well-maintained and benefit from their prime locations, offering easy access to public transportation, shopping, and recreational areas, enhancing tenant appeal and ensuring consistent demand. The portfolio's established rental income provides a solid foundation for future growth, with opportunities for rent increases in a thriving market. One location features a brand new on-site warehouse and laundry facility. This stabilized investment is priced at $11,140,000 and presents a compelling opportunity for investors seeking a diversified, high-performing multifamily asset in a dynamic urban setting. The portfolio's professional management ensures seamless operations and positive tenant relations, minimizing operational concerns and maximizing returns. This is a rare opportunity to acquire a well-established, high-performing portfolio in a desirable market.

    Property Features for 2321 Meridian Ave

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Buildings
    22
    Units
    142

    HighLights

    • New on‑site warehouse and laundry facilities.
    • High‑demand location with convenient access to transit, shopping, and recreation.
    • High occupancy rates and strong tenant satisfaction.
    • Stable income with potential for rent growth.
    • Professionally managed with experienced staff.
    • 142‑unit portfolio, competitively priced.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Canterbury Gardens Apartments Apartment Complex

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.6015509
    Latitude
    35.4920494

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    FAQs

    What type of property is this?
    Multifamily property - 142 Units, High Occupancy, Stable Income
    Where is this multifamily property located?
    The property is located at 2321 Meridian Ave Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $11,140,000.
    What are key features of this property?
    This property features: New on-site warehouse and laundry facilities.; High-demand location with convenient access to transit, shopping, and recreation.; High occupancy rates and strong tenant satisfaction.
    Request Owner's contact information
    2321 Meridian Ave Oklahoma City, OK 73107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2321 Meridian Ave Oklahoma City, OK 73107
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