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The Shay 516 NW 8th St 29 Unit Apartment Building For Sale Oklahoma City, OK 73102
Investment Highlights
- Named Best Apartment Building in 2025, is a 29-unit multifamily property in Midtown, Oklahoma City
- Fullly renovated in 2022 with approximately $1.7 million in capital improvements (see CapEx list in the Deal Room for a detailed scope of work)
- Midtown’s 90% occupancy rate reflects stable, long-term renter demand
- Amenities include a fitness center, keyless entry, and on-site laundry
- The Shay is located across from SSM Health St. Anthony Hospital and minutes from OU Health’s Medical Center and Health Sciences campus
- Offered free and clear of existing debt, allowing new ownership to maximize returns with new financing.
Property Facts
| Sale Type | Investment | Average Occupancy | 79% |
| No. Units | 29 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Building Size | 23,856 SF | ||
| Zoning | DBD | ||
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 23,856 SF |
| Average Occupancy | 79% |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 1.26/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | DBD |
Amenities
Site Amenities
- Fitness Center
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 411 |
| 1+1 | 21 | - | 285 - 687 |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (71)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 012726300 | Improvements Assessment | $81,542 |
| Land Assessment | $13,933 | Total Assessment | $95,475 |
Property Taxes
Parcel Number
012726300
Land Assessment
$13,933
Improvements Assessment
$81,542
Total Assessment
$95,475
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