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206-Unit Apartment Community
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5530 Colony Way, Bartlesville, OK 74006

The property includes four floor plans, community amenities, and washer/dryer connections throughout the unit inventory.

Property Size224,195 SF
Days on Market167

Property Features for 5530 Colony Way

General Information

Standard status Active
Size 224,195 SF
Class B
Property subtype Other Special Purpose

Additional Details

Highway Access Yes
Multifamily Units 206

Amenities

community room
swimming pool
sunning deck
fireplace
washer/dryer connections
attached garage
den
vaulted ceilings
private patios/balconies

Building Details

Building Size 224,195 SF
Year Built 1985
Listing Agency: Newmark
Listed By: Brandon Lamb
Source: Thebrokerlist
Added: Mar 19 Changed: Aug 30 Last Checked: Aug 30 at 2:13AM

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

Investment Insights

Based on property information with market context.

Lexington Commons is a 206-unit apartment property completed in 1985. The community offers four floor plan options averaging 1,088 square feet, with fireplaces, washer/dryer connections, and private patios or balconies across the units. Selected residences add attached garages, dens, and vaulted ceilings. Shared amenities include a community room and a swimming pool with a sunning deck. A RUBS program is in place for expense recovery.

The property is located in Bartlesville, Oklahoma, with access to U.S. Highways 75 and 60. The setting provides connectivity to downtown Bartlesville, area retailers and businesses, and employers including ConocoPhillips, Jane Phillips Medical Center, and Chevron Phillips Chemical.

Key Highlights

  • 206 units built in 1985
  • Four floor plans averaging 1,088 square feet
  • Fireplaces, private patios or balconies, and washer/dryer connections in all units

Property Analytics

Current Use

Lexington Commons Apartment Complex

Suggested Use

Top Pick Law Firm Restaurant Building Supply HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) 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

206
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby

Demographics for 74006, OK

27,795
Population
11,820
Households
2.4
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
91.4 sq mi
ZIP Area
304
Density / Sq Mi
$74,139
Median Household Income
$40,031
Median Earnings
$960
Median Rent
$184,800
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 - The property includes four floor plans, community amenities, and washer/dryer connections throughout the unit inventory.
Where is this apartment building located?
The property is located at 5530 Colony Way Bartlesville, OK.
What are key features of this property?
This property features: 206 units built in 1985; Four floor plans averaging 1,088 square feet; Fireplaces, private patios or balconies, and washer/dryer connections in all units
More about this property
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