40-Unit Value-Add Apartment Building

3732 NW 23rd St , Oklahoma City, OK 73107

Property Information

  • For Sale $1,799,000
  • Property Type Multi-Family
  • Property Size 32,720 SF
  • Lot Size 1.71 Acre
  • Date Updated Jul 7, 2026

Description

FRE Auctions & Coldwell Banker Select are pleased to present the Online Auction Plus event for the opportunity to purchase Pennington Place Apartments "property", a renovated 40-unit value-add apartment building in Oklahoma City, Ok.

 

Pennington Place Apartments presents a rare opportunity to acquire a value-add multifamily asset with a clear path to long-term stability and upside. The property is positioned for a full transformation, with approximately $2.5 million in planned and/or completed capital improvements designed to modernize both major systems and interior finishes.

 

LINK TO AUCTION:

Highlights

  • Heavy traffic area
  • Capital Improvments 2.5m +
  • Good tenant base

Contacts

Location

Located at 3732 NW 23rd St , Oklahoma City, OK 73107, this property is part of the Musgrave - Pennington neighborhood.

Contact Listing Broker
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