Frederick Apartments 1621 N 13th St 60 Unit Apartment Building For Sale 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 convenient
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 proximity
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.