2201 Northwest 122Nd St Oklahoma City, OK 73120
955-unit portfolio in North Oklahoma City along premier retail corridor.
Building Details
- Year built
- 1984
Source:
Nmrk
Listing Agent: Justin Wilson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
North OKC Value-Add Portfolio
The North OKC Value-Add Portfolio consists of 955 apartment units situated in North Oklahoma City along one of the city's premier retail corridors. The properties, Raindance and Penn Station Apartments, have undergone approximately $6.4 million in capital improvements by the current owners, including upgrades to the exterior, common areas, and interior units. The location provides a live-work-play environment with convenient access to retail destinations such as Chisholm Creek, Classen Curve, Costco, and Trader Joe’s. Residents benefit from easy access to the Oklahoma City Central Business District and major employers. The properties are positioned within one mile of the Chisholm Creek District, a 190-acre development featuring retailers such as Cabela’s, Topgolf, and iFly Indoor Skydiving, along with hotels, office space, and green areas. The properties enjoy easy access to major transportation corridors, including Highway 74, the John Kilpatrick Turnpike, and the Broadway Extension, facilitating commutes to employers such as INTEGRIS Baptist, Mercy Health, Paycom, Love’s Travel Stops, Expand Energy, and the Oklahoma City Central Business District. The North Oklahoma City submarket is experiencing high growth, with strong demand and a 5% rent growth year-over-year as of the second quarter of 2025, according to Yardi Matrix. As of May 2025, Oklahoma City had a 2.8% unemployment rate.
Location Intelligence
Current Use by Public Records
Custom View Shutters ...
Window Treatment Store
Raindance Apartment Homes
Apartment Rental Agency
G.O. Basketball Academy
Personal Trainer
NYC Productions
Business To Business Service
Jonathan's Apartment
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.5525274
- Latitude
- 35.5966858
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 955-unit portfolio in North Oklahoma City along premier retail corridor.
Where is this apartment building located?
The property is located at 2201 Northwest 122Nd St Oklahoma City, OK.
What are key features of this property?
This property features: - 955-unit portfolio in a high-growth North Oklahoma City location with 5% year-over-year rent growth.; - Significant value-add opportunity through unit renovations and improved operational efficiencies, demonstrated by surrounding properties' revenue growth.; - Prime location within one mile of the Chisholm Creek District, a premier live-work-play development with top-tier retailers.