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16-Unit Apartment Building
For Sale
Contact for pricing
Pending

400 1st Avenue SW, Ardmore, OK 73401

Secured entryways, laundry facilities, paved parking, and an enclosed courtyard serve residents near downtown Ardmore.

Property Size15,856 SF
Days on Market185

Property Features for 400 1st Avenue SW

General Information

Standard status Pending
Size 15,856 SF
Property subtype Multifamily

Additional Details

Multifamily Units 16

Amenities

secured entryways
coin-operated laundry rooms
asphalt paved parking
concrete sidewalks
courtyard

Building Details

Year Built 1967
Buildings 1
Listing Agency: Claudia & Carolyn Realty Group
Listed By: Lisa Riggle · License #145634
Source: Crexi
Added: Mar 3 Changed: Sep 2 Last Checked: Aug 30 at 2:01AM

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 Claudia & Carolyn Realty Group

Investment Insights

Based on property information with market context.

This 15,856-square-foot apartment property, built in 1967, contains 16 units with a mix of 1-bedroom/1-bathroom, 2-bedroom/1-bathroom, and 2-bedroom/2-bathroom layouts. Secured, locked entryways and two dedicated coin-operated laundry rooms are provided for residents. Site improvements include asphalt-paved parking, concrete sidewalks, and a front courtyard enclosed by iron fencing.

The property is located near downtown Ardmore, with access to area amenities, dining, and employment hubs. Occupancy currently includes all units except one, providing a clear snapshot of the existing leasing status.

Key Highlights

  • 16‑unit apartment building totaling 15,856 square feet
  • Unit mix includes 1‑bedroom/1‑bathroom, 2‑bedroom/1‑bathroom, and 2‑bedroom/2‑bathroom layouts
  • All units are occupied except one

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Parking Lot & Garage Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service

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

16
Residential units

Location Intelligence

Trade Area within ½ mile

1,271
Businesses Nearby

Demographics for 73401, OK

36,744
Population
16,349
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
88%
High-School Grad
351.5 sq mi
ZIP Area
105
Density / Sq Mi
$60,288
Median Household Income
$39,005
Median Earnings
$960
Median Rent
$174,700
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 - Secured entryways, laundry facilities, paved parking, and an enclosed courtyard serve residents near downtown Ardmore.
Where is this apartment building located?
The property is located at 400 1st Avenue SW Ardmore, OK.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 16‑unit apartment building totaling 15,856 square feet; Unit mix includes 1‑bedroom/1‑bathroom, 2‑bedroom/1‑bathroom, and 2‑bedroom/2‑bathroom layouts; All units are occupied except one
(580) 465-4838 Call to check price and availability
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