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The Heritage at Midtown 130 NW 17th St 20 Unit Apartment Building $3,363,504 CAD ($168,175 CAD/Unit) 7.60% Cap Rate Oklahoma City, OK 73103



Investment Highlights
- 100% Occupied
- Adjacent to Alley North, a 500-unit mixed-use development delivering Spring 2027
- Extensive renovation program completed across the property
Executive Summary
20 Units - Fully Occupied
Renovated in 2019 and 2022
Located just minutes north of downtown Oklahoma City, Heritage at Midtown offers a welcoming residential setting in one of
the city’s most charming and revitalized districts. Positioned in the heart of Midtown, the community provides easy access to
Oklahoma City’s major employers, hospitals, and cultural landmarks—making it a desirable location for professionals, students,
and families alike.
The Midtown district is known for its walkability, historic architecture, and vibrant mix of local restaurants, boutique shops, and
entertainment venues. Residents enjoy proximity to major institutions like OU Health Sciences Center, St. Anthony Hospital, and
the Oklahoma City Innovation District, as well as lush urban green spaces such as Harn Park and Scissortail Park. With its blend
of urban energy and neighborhood charm, Midtown continues to attract a diverse and upwardly mobile population.
Heritage at Midtown presents a strong multifamily investment opportunity, supported by consistent rental demand, a dynamic
local workforce, and ongoing urban development. The area’s growing appeal to young professionals, healthcare workers, and
students contributes to stable occupancy rates and long-term income potential. Nearby infrastructure improvements and
redevelopment efforts further enhance the asset’s potential for appreciation.
Situated near NW 10th Street and Classen Boulevard, the property benefits from direct access to major roadways including I-235,
I-40, and I-44. Its central location allows for short commutes to Downtown, the State Capitol, and the burgeoning Automobile
Alley district. A wide range of local dining, nightlife, and shopping options are all within walking distance, creating a highly livable
and connected experience for residents.
With its prime Midtown location, growing renter base, and proximity to Oklahoma City’s leading employment and cultural
centers, Heritage at Midtown stands as a compelling blend of livability and investment potential in one of the city’s most vibrant
submarkets.
Renovated in 2019 and 2022
Located just minutes north of downtown Oklahoma City, Heritage at Midtown offers a welcoming residential setting in one of
the city’s most charming and revitalized districts. Positioned in the heart of Midtown, the community provides easy access to
Oklahoma City’s major employers, hospitals, and cultural landmarks—making it a desirable location for professionals, students,
and families alike.
The Midtown district is known for its walkability, historic architecture, and vibrant mix of local restaurants, boutique shops, and
entertainment venues. Residents enjoy proximity to major institutions like OU Health Sciences Center, St. Anthony Hospital, and
the Oklahoma City Innovation District, as well as lush urban green spaces such as Harn Park and Scissortail Park. With its blend
of urban energy and neighborhood charm, Midtown continues to attract a diverse and upwardly mobile population.
Heritage at Midtown presents a strong multifamily investment opportunity, supported by consistent rental demand, a dynamic
local workforce, and ongoing urban development. The area’s growing appeal to young professionals, healthcare workers, and
students contributes to stable occupancy rates and long-term income potential. Nearby infrastructure improvements and
redevelopment efforts further enhance the asset’s potential for appreciation.
Situated near NW 10th Street and Classen Boulevard, the property benefits from direct access to major roadways including I-235,
I-40, and I-44. Its central location allows for short commutes to Downtown, the State Capitol, and the burgeoning Automobile
Alley district. A wide range of local dining, nightlife, and shopping options are all within walking distance, creating a highly livable
and connected experience for residents.
With its prime Midtown location, growing renter base, and proximity to Oklahoma City’s leading employment and cultural
centers, Heritage at Midtown stands as a compelling blend of livability and investment potential in one of the city’s most vibrant
submarkets.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,363,504 CAD | Building Class | C |
| Price Per Unit | $168,175 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 15,032 SF |
| Cap Rate | 7.60% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 - R-4 Residential | ||
| Price | $3,363,504 CAD |
| Price Per Unit | $168,175 CAD |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 15,032 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2022 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | R-4 - R-4 Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Crown Molding
- Kitchen
- Hardwood Floors
- Oven
- Range
- Basement
- Built-In Bookshelves
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 550 |
| 1+1 | 19 | - | 550 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 043880570 | Improvements Assessment | $223,873 CAD |
| Land Assessment | $32,445 CAD | Total Assessment | $256,318 CAD |
Property Taxes
Parcel Number
043880570
Land Assessment
$32,445 CAD
Improvements Assessment
$223,873 CAD
Total Assessment
$256,318 CAD
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The Heritage at Midtown | 130 NW 17th St
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