North OKC Value-Add
For Sale
Contact for pricing
1920 Heritage Park Drive Oklahoma, Oklahoma City, OK 73120
955-unit multifamily portfolio in North Oklahoma City's premier retail corridor.
Property SizeContact for details
Days on Market217
Property Features for 1920 Heritage Park Drive Oklahoma
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1986
Year Renovated
2011
Units
451
Listing Agency:
(405) 605-2546
Listed By:
Justin Wilson · License ##2024044439
Source:
Nmrk
Added: Jan 27
Changed: Aug 31
Last Checked: Aug 31 at 12:58PM
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 Justin Wilson
Investment Insights
Based on property information with market context.
The North OKC Value-Add Portfolio consists of 955 units in North Oklahoma City, situated along one of the city's premier retail corridors. The current owners have invested almost $6.4 million in capital improvements across both properties, focusing on exterior and common area enhancements, as well as interior unit upgrades. The properties benefit from a live-work-play environment, with convenient access to retail destinations such as Chisholm Creek, Classen Curve, Costco, and Trader Joe’s. Residents enjoy easy access to the Oklahoma City Central Business District and major employers. The properties are located within one mile of the Chisholm Creek District, a 190-acre development featuring retailers like Cabela’s, Topgolf, and iFly Indoor Skydiving, alongside hotels, office space, and green areas. The location provides 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. Oklahoma City had a 2.8% unemployment rate in May 2025.
Key Highlights
- 955‑unit portfolio in a high‑growth North Oklahoma City location.
- $6.4 Million in recent capital improvements, including unit upgrades and exterior enhancements.
- Value‑add opportunity** with potential for increased revenue through unit renovations and operational improvements.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 73120, OK
36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 955-unit multifamily portfolio in North Oklahoma City's premier retail corridor.
Where is this apartment building located?
The property is located at 1920 Heritage Park Drive Oklahoma Oklahoma City, OK.
What are key features of this property?
This property features: 955‑unit portfolio in a high‑growth North Oklahoma City location.; $6.4 Million in recent capital improvements, including **unit upgrades and exterior enhancements.**; Value‑add opportunity** with potential for increased revenue through unit renovations and operational improvements.
