North OKC Value-Add
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2201 Northwest 122nd Street Oklahoma, Oklahoma City, OK 73120
955-unit portfolio in North Oklahoma City along premier retail corridor.
Property SizeContact for details
Days on Market264
Property Features for 2201 Northwest 122nd Street Oklahoma
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
1984
Year Renovated
2011
Units
504
Listing Agency:
Newmark
Listed By:
Justin Wilson
(405) 605-2546
Source:
Nmrk
Added: Jan 27
Changed: Oct 16
Last Checked: Oct 16 at 7:00AM
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 Newmark
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Investment Insights
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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.
Key Highlights
- 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.
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Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
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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
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Frequently Asked Questions
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 Street 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 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.
