7413 Melrose Lane, Oklahoma City, OK 73127

Oklahoma City
Local realty services provided by:ERA Courtyard Real Estate
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:27 day(s) ago
  • Updated:August 13, 2026 at 12:39 PM

Rooms and interior

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

Heating and cooling

  • Cooling:Central Electric

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
MLS LogoListing content and images Copyright© 2026 MLSOK®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it. OK_OKC Member Broker: Jeffrey Langum

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