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25-Unit Apartment Community
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6401 NW Oak Ave, Lawton, OK 73505

Built in 1979, this 25-unit multifamily property offers primarily one-bedroom units and owner-paid utilities.

Property Size23,900 SF
Days on Market150

Property Features for 6401 NW Oak Ave

General Information

Standard status Active
Size 23,900 SF
Property subtype Multifamily
Occupancy 84%

Additional Details

Multifamily Units 25

Building Details

Year Built 1979
Units 25
Listing Agency: Colliers
Listed By: David Dirkschneider · License #OK 150659
Source: Crexi
Added: Apr 14 Changed: Aug 8 Last Checked: Sep 10 at 8:08AM

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 Colliers

Investment Insights

Based on property information with market context.

Oaklawn Apartments is a 25-unit multifamily community built in 1979. The property consists primarily of one-bedroom units. Current rents average approximately $548 per unit, and ownership is currently absorbing most utility expenses.

Located at 6401 NW Oak Ave in Lawton, Oklahoma, the community is positioned for investors seeking operational and expense-management improvements tied to utility recovery and overall cost control.

Key Highlights

  • Built in 1979, Oaklawn Apartments is a 25‑unit multifamily community in Lawton, Oklahoma
  • Primarily one‑bedroom units averaging approximately 646 SF
  • Current rents average approximately $548 per unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Accounting Firm Building Supply

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

25
Residential units

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby

Demographics for 73505, OK

46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Built in 1979, this 25-unit multifamily property offers primarily one-bedroom units and owner-paid utilities.
Where is this apartment building located?
The property is located at 6401 NW Oak Ave Lawton, OK.
What are key features of this property?
This property features: Built in 1979, Oaklawn Apartments is a 25‑unit multifamily community in Lawton, Oklahoma; Primarily one‑bedroom units averaging approximately 646 SF; Current rents average approximately $548 per unit
More about this property
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