7413 Melrose Lane, Oklahoma City, OK 73127

Oklahoma City
Local realty services provided by:Better Homes and Gardens Real Estate Paramount
Listed by: matthew hodge
Office: rock property group
MLS#:1239729
Source:OK_OKC
7413 Melrose Lane,Oklahoma City, OK 73127
$1,200,000
  • 24 Beds
  • 16 Baths
  • 14,976 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$80.13

About this home

Rock Property Group is pleased to present Melrose Oaks, a fully occupied, 16-unit, garden-style apartment community located in Oklahoma City, just minutes from I-40 and the OKC Outlet Shoppes. The property offers stabilized in-place cash flow with significant value-add upside through a straightforward mark-to-market rent strategy and operational improvements available to a hands-on owner. Located in a federally designated Opportunity Zone, offering investors significant capital gains tax advantages including deferral and potential full exclusion on appreciation after a 10-year hold. Currently operating at 100% occupancy with a long-tenured tenant base, Melrose Oaks is positioned approximately $100 below market rents per unit — representing roughly $19,200 in annualized rent upside before factoring in additional operational improvements. A new owner has the opportunity to capture market rents through organic turnover, light interior upgrades, and ancillary income enhancements such as...

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Home facts

  • Year built:1968
  • Listing ID #:1239729
  • Added:63 day(s) ago
  • Updated:September 18, 2026 at 12:46 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:16
  • Full bathrooms:16
  • Kitchen Description:Refrigerator
  • Living area:14,976 sq. ft.

Structure and exterior

  • Year built:1968
  • Building area:14,976 sq. ft.
  • Lot area:1 Acres
  • Lot Features:Interior Lot
  • Construction Materials:Brick & Frame
  • Foundation Description:Slab

Schools

  • High school:Western Heights HS
  • Middle school:Western Heights MS
  • Elementary school:Greenvale ES

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$80.13

Features and amenities

  • Appliances:Refrigerator, Water Heater

Parking

  • Total parking spaces:40
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