Map of Property

The Meridian Apartments

For Sale

4701 NW 16th St, Oklahoma City, OK 73127

This Oklahoma City property for sale is located at 4701 NW 16th St. The current listed sale price for The Meridian Apartments is $2,100,000. The Meridian Apartments is situated on a lot that is 1.18 acre in size.

Contacts

Chandler Moreau

Moreau Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 13,200 SF
  • Units 24
  • Lot Size 1.18 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1953
  • Year Renovated 2024
  • Date Updated Jul 16, 2026
Nestled in the bustling Oklahoma City market, the location of this property offers a wealth of attractions and conveniences for prospective tenants. The vibrant area is home to a variety of entertainment options, including the historic Will Rogers Theatre and the Plaza District, known for its trendy art galleries, boutiques, and dining establishments. With close proximity to major highways, residents can easily access downtown OKC, the Oklahoma State Capitol Complex, and other prominent business and employment centers. Additionally, the nearby Lake Overholser provides a serene retreat for outdoor enthusiasts. This prime location ensures a sought-after living experience that appeals to the discerning multifamily/high-rise investor.Meridian Apartments is a 24-unit multifamily property totaling approximately 13,200 SF in Oklahoma City, currently 100% occupied. The property was renovated in 2024, including exterior paint, concrete work, railings, HVAC units, and roof replacements, reducing near-term capital needs. The asset generates $225,000 in gross income and $164,000 NOI, representing a 7% cap rate at the asking price. Situated on NW 16th Street with additional land for development, the property offers stable in-place cash flow with future upside potential.
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Highlights

  • Gated Community
  • New concrete work
  • New Exterior Paint
  • New Railings and Walkways
  • Renovated in 2024

Attachments

Getting around

  • 62/100

    Walk Score ®

  • 35/100

    Transit Score ®

Powered by Walk Score ®

Location

  • City Oklahoma City, OK
  • Neighborhood Hilldale
  • Zip Code 73127
  • Market Oklahoma City

Points of Interest

  • Dewey Avenue

    4.64 miles

  • Midtown

    4.84 miles

  • North Hudson

    4.84 miles

  • Transit Center

    4.91 miles

  • Library

    4.95 miles

  • Myriad Gardens

    4.99 miles

  • Northwest 10th Street

    5.00 miles

  • Law School

    5.04 miles

  • Memorial Museum

    5.07 miles

  • Federal Courthouse

    5.09 miles

  • E & T Automotive

    1.22 miles

  • F M Food Mart Shell

    1.22 miles

  • L & S Quick Shop Stop

    1.22 miles

  • Breaktime Shell

    1.32 miles

  • 7-Eleven

    1.32 miles

  • Sandys Auto Service and Speedy Lube Phillips 66

    1.48 miles

  • Phillips 66

    1.76 miles

  • Good Stop

    1.88 miles

  • Sam's Club Fuel Center

    1.98 miles

  • Tesla Supercharger

    3.13 miles

  • Parking Garage

    1.48 miles

  • Hurricane Harbor

    1.85 miles

  • Airport Parking

    3.76 miles

  • Laundry Parking

    4.21 miles

  • Apartment Parking

    4.22 miles

  • Church Parking

    4.28 miles

  • Memorial Park Parking

    4.34 miles

  • Torks Parking

    4.39 miles

  • Penn Square Mall Multi-Story Parking

    4.42 miles

  • Crown Heights Christian Church Parking

    4.59 miles

  • Sonesta ES Suites Oklahoma City

    1.52 miles

  • OYO

    1.60 miles

  • Meridian Extended Stay Hotel

    1.60 miles

  • Super 8 Airport/Fairgrounds West

    1.60 miles

  • Extended Stay America - Oklahoma City - Airport

    1.61 miles

  • Howard Johnson by Wyndham Oklahoma City Airport/ Fairgrounds

    1.71 miles

  • Biltmore Hotel Oklahoma

    1.72 miles

  • Best Western Plus

    1.75 miles

  • Days Inn

    1.77 miles

  • SpringHill Suites Oklahoma City Airport

    1.83 miles

  • ALDI

    1.11 miles

  • Buy For Less

    1.77 miles

  • Walmart Supercenter

    1.87 miles

  • El Mariachi Supermercado

    1.99 miles

  • Ross

    2.01 miles

  • El Rinconcito

    2.20 miles

  • WinCo Foods

    2.30 miles

  • Eleys Foods

    2.45 miles

  • DeVille

    2.76 miles

  • OKC Outlets

    2.95 miles

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