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Multifamily Apartment Building with Improvements
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1304 Wylie Rd, Norman, OK 73072

Apartment building offering recent capital improvements and planned upgrades including reserved parking and washer/dryer connections.

Property SizeContact for details
Days on Market122

Property Features for 1304 Wylie Rd

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Marcus & Millichap - Dallas
Listed By: John McGregor · License #TX 646474
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 7:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas

Investment Insights

Based on property information with market context.

This multifamily apartment building presents a value-add oriented program of improvements, with more than $2 million in recent capital improvements. The current plan includes implementing reserved parking, adding washer and dryer connections, and introducing water conservation measures.

The property is described as being within walking distance to the University of Oklahoma and is associated with the area’s scale of roughly 30,000 students.

In addition to the physical upgrades, the offering notes attractive new financing options with an interest-only term, supporting a continued focus on maximizing income through ongoing improvements.

Key Highlights

  • Walking distance to the University of Oklahoma (30,000 students)
  • More than $2 million in recent capital improvements
  • Planned upgrades include reserved parking to create a new income stream

Property Analytics

Current Use

Landry Apartment Homes Real Estate Agency

Suggested Use

Top Pick Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Cafe & Coffee Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 73072, OK

51,062
Population
20,915
Households
2.4
Avg Household Size
30
Median Age
53%
College-Educated
95%
High-School Grad
52.2 sq mi
ZIP Area
978
Density / Sq Mi
$76,933
Median Household Income
$32,892
Median Earnings
$1,102
Median Rent
$291,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building offering recent capital improvements and planned upgrades including reserved parking and washer/dryer connections.
Where is this apartment building located?
The property is located at 1304 Wylie Rd Norman, OK.
What are key features of this property?
This property features: Walking distance to the University of Oklahoma (30,000 students); More than $2 million in recent capital improvements; Planned upgrades include reserved parking to create a new income stream
More about this property
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