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Perle at Mesta Park 700-710 NW 17th St 28 Unit Apartment Building $3,050,000 ($108,929/Unit) Oklahoma City, OK 73103
Executive Summary
Rare opportunity to own a 28-unit apartment complex in the heart of Oklahoma City’s thriving Mesta Park district! Located at 700-710 NW 17th St, this multi-family property is ideally positioned just minutes from booming downtown Oklahoma City, offering tenants convenient access to some of the city’s best dining, entertainment, shopping, and employment centers.
The complex includes a mix of spacious 1 bed/1 bath and 2 bed/1 bath units, creating strong appeal for a variety of renters. The property has seen numerous exterior improvements, and many of the interior units have been tastefully updated with modern finishes and upgrades throughout.
This all-electric property also offers excellent parking accommodations with approximately 40 on-site parking spaces located at both the front and rear of the building a major convenience for residents in this highly desirable area.
Whether you’re an experienced investor or looking to expand your portfolio, this property presents an outstanding opportunity to acquire a well-maintained asset with upside potential in one of Oklahoma City’s most sought-after neighborhoods.
The complex includes a mix of spacious 1 bed/1 bath and 2 bed/1 bath units, creating strong appeal for a variety of renters. The property has seen numerous exterior improvements, and many of the interior units have been tastefully updated with modern finishes and upgrades throughout.
This all-electric property also offers excellent parking accommodations with approximately 40 on-site parking spaces located at both the front and rear of the building a major convenience for residents in this highly desirable area.
Whether you’re an experienced investor or looking to expand your portfolio, this property presents an outstanding opportunity to acquire a well-maintained asset with upside potential in one of Oklahoma City’s most sought-after neighborhoods.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$283,000
|
$16.73
|
| Other Income |
$5,000
|
$0.30
|
| Vacancy Loss |
$20,000
|
$1.18
|
| Effective Gross Income |
$268,000
|
$15.84
|
| Taxes |
$32,725
|
$1.93
|
| Operating Expenses |
$103,000
|
$6.09
|
| Total Expenses |
$135,725
|
$8.02
|
| Net Operating Income |
$132,275
|
$7.82
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $283,000 |
| Annual Per SF | $16.73 |
| Other Income | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.30 |
| Vacancy Loss | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $1.18 |
| Effective Gross Income | |
|---|---|
| Annual | $268,000 |
| Annual Per SF | $15.84 |
| Taxes | |
|---|---|
| Annual | $32,725 |
| Annual Per SF | $1.93 |
| Operating Expenses | |
|---|---|
| Annual | $103,000 |
| Annual Per SF | $6.09 |
| Total Expenses | |
|---|---|
| Annual | $135,725 |
| Annual Per SF | $8.02 |
| Net Operating Income | |
|---|---|
| Annual | $132,275 |
| Annual Per SF | $7.82 |
Property Facts
| Price | $3,050,000 | Building Class | C |
| Price Per Unit | $108,929 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 16,920 SF |
| No. Units | 28 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1972/2025 |
| Apartment Style | Garden | Parking Ratio | 1.77/1,000 SF |
| Zoning | HP - Historic Preservation | ||
| Price | $3,050,000 |
| Price Per Unit | $108,929 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 16,920 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2025 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | HP - Historic Preservation |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | $887.50 | 600 |
| 2+1 | 7 | $945.00 | 750 - 800 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 045007974 | Total Assessment | $266,274 |
| Land Assessment | $14,206 | Annual Taxes | $32,725 ($1.93/SF) |
| Improvements Assessment | $252,068 | Tax Year | 2025 |
Property Taxes
Parcel Number
045007974
Land Assessment
$14,206
Improvements Assessment
$252,068
Total Assessment
$266,274
Annual Taxes
$32,725 ($1.93/SF)
Tax Year
2025
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Contact the Sale Advisor
Perle at Mesta Park | 700-710 NW 17th St