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23341958

4500 N MacArthur Blvd, Warr Acres, OK 73122

ES
OK 176010
Northmarq - Tulsa
BD
OK 153380
Northmarq Capital, LLC
Listed by Northmarq - Tulsa, Northmarq Capital, LLC
Unpriced
388 days on market
Updated 91 days ago

Park MacArthur

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 97,170
Units 136
Occupancy 90%
Class C
Year Built 1969
Buildings 12
Stories 2
Acreage 4.840
Investment Type Value Add

Multifamily | 136 Units

Marketing description

  • INFRASTRUCTURE IMPROVEMENTS - Warr Acres developed a 5-phase plan to improve infrastructure, create a business-friendly atmosphere, and revitalize the town center, which includes beautification projects and zoning changes to allow for commercial retail growth. This effort has drawn new businesses into the area such as Natural Grocers which opened a store in Warr Acres in May of 2024.

  • APARTMENT FUNDAMENTALS - The Oklahoma City West ranked 4th out of the 23 submarkets with 5.7% year over year rent growth outpacing Oklahoma City as a whole according to Yardi’s March 2025 report. 1 bedrooms led that growth increasing 8.8% year over year. Submarket occupancies have remained consistently in the low 90’s. Average submarket rental rates increased to $878 according to Costar with the average comparable set at $1,099

  • VALUE ADD OPPORTUNITY - The majority of apartment communities in the immediate area were built in the 60’s and 70’s. With the lack of new supply coupled with increasing demand for quality interior finishes, Park MacArthur presents a remarkable opportunity to implement a property wide enhancement strategy.

Investment highlights

  • 90% occupancy

  • In place rents of $732 & recent leases at $780

  • Strong submarket and located in top public school system in OKC Putnam City

  • 100% classic units

Listing Contacts

ES
OK 176010
Northmarq - Tulsa
BD
OK 153380
Northmarq Capital, LLC
Listed by Northmarq - Tulsa, Northmarq Capital, LLC

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Additional Information

Name
Ethan Shaffer
License
176010
Brokerage
Northmarq
Brokerage Phone
918-794-9521
Title
Associate Broker
Brokerage Address
6120 South Yale Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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