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60-Unit Apartment Portfolio
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1621 North 13th Street, Frederick, OK 73542

Three Frederick properties offer two-bedroom layouts, on-site laundry, and a mix of occupied and vacant units.

Property Size50,054 SF
Days on Market142

Property Features for 1621 North 13th Street

General Information

Standard status Active
Size 50,054 SF
Property subtype Multifamily

Property Condition

Severity Major Repairs Needed
Evidence needs extensive work

Units

Unit Mix 52 x 2BR/1BA ~563sqft, 8 x 2BR/1.5BA ~850sqft
Multifamily Units 60

Building Details

Year Built 1975
Buildings 7
Stories 2
Listing Agency: The Multifamily Group
Listed By: Jon Krebbs · License #TX 635789
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: May 26 at 9:20AM

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 The Multifamily Group

Investment Insights

Based on property information with market context.

This apartment portfolio combines three properties in Frederick with 60 units. Chevelle Apartments includes 36 two-bedroom, one-bath residences of approximately 563 square feet, while Caprise Apartments adds 16 units with the same layout and approximate size. Frederick Apartments contributes 8 two-bedroom residences with 1.5 baths and approximately 850 square feet each.

Occupancy and condition vary across the portfolio. Chevelle has 19 occupied units, with several units offered as furnished extended stays, and includes coin-operated laundry with 2 washers and 2 dryers. Caprise is vacant and requires renovation work that includes flooring, water heaters, paint, windows, plumbing repairs, and HVAC installation. Frederick Apartments has 4 occupied units, has received 4 HVAC replacements, and has a roof approximately 15 years old.

The properties are located at 1621 N 13th St, 1321 N 13th St, and 122 N 19th St in Frederick, OK. Covered parking is available at each property, with no current charge described for its use.

Key Highlights

  • 60 units across 3 Frederick apartment properties
  • Chevelle Apartments has 36 two‑bedroom, one‑bath units averaging approximately 563 square feet
  • Caprise Apartments includes 16 two‑bedroom, one‑bath units and is currently vacant

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Auto Parts Store

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

Lease Details

60
Residential units

Location Intelligence

Trade Area within ½ mile

72
Businesses Nearby

Demographics for 73542, OK

3,995
Population
2,254
Households
1.8
Avg Household Size
41
Median Age
16%
College-Educated
80%
High-School Grad
300.5 sq mi
ZIP Area
13
Density / Sq Mi
$48,643
Median Household Income
$31,318
Median Earnings
$728
Median Rent
$72,100
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 - Three Frederick properties offer two-bedroom layouts, on-site laundry, and a mix of occupied and vacant units.
Where is this apartment building located?
The property is located at 1621 North 13th Street Frederick, OK.
What are key features of this property?
This property features: 60 units across 3 Frederick apartment properties; Chevelle Apartments has 36 two‑bedroom, one‑bath units averaging approximately 563 square feet; Caprise Apartments includes 16 two‑bedroom, one‑bath units and is currently vacant
(214) 818-4109 Call to check price and availability
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