1621 North 13th Street, Frederick, OK 73542

Summary:

The Multifamily Group is pleased to present the exclusive offering of Frederick Apart-

ments, a unique, value-add opportunity in Frederick, Oklahoma. Built in 1975, the

property features 60 units with an average size of 603 square feet, all configured as

two-bedroom floor plans. The asset is currently 27% occupied, significantly below the

submarket’s strong occupancy rate of 97%. Frederick Apartments is being offered free

and clear of existing debt.

Value-Add:

Renovate unit interiors

Bring 16 down units back online and raise the occupancy

Reduce operating expenses

Location:

Located in a well-positioned area of Frederick, OK, the subject benefits from conve-

nient access to the city’s primary retail and commercial corridors. The property sits near

US-183, providing strong connectivity throughout Frederick and the surrounding region.

The property enjoys solid visibility along Highview Ave, a key thoroughfare in the mar-

ket, with consistent daily traffic supporting nearby businesses. It is within close prox-

imity to several national and regional retailers including Dollar General, Sonic Drive-In,

and Love’s Travel Stop. Additionally, it is just a short drive to local grocery options and

essential services.

Frederick’s central business district is located just minutes away, offering a variety of

dining, retail, and community amenities. The presence of schools, healthcare facilities,

and local employers nearby further enhances the appeal of this location to a broad

tenant base. The City of Frederick continues to focus on community development and

infrastructure improvements aimed at supporting long-term stability and growth. As a

hub for Tillman County, Frederick serves as a key economic center for the surrounding

rural areas, driving consistent demand for housing and services.