3928 Northwest 50th Street

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 3928 NW 50th St, Oklahoma City, OK 73112, USA
Created date: June 12, 2024
Date last updated: July 8, 2024

Property Description

Newmark is pleased to present an outstanding opportunity to acquire Salem West in Oklahoma City, Oklahoma. Built in 1970, the subject property features 34 apartment and townhome units in an outstanding commuter location on Northwest 50th Street. A gated community with mature trees and greenspaces, Salem West blends the elements of ideal location with desirable amenities including a community pool, covered parking, and onsite storage. All units offer washer/dryer connections and faux-wood flooring in kitchens, dining rooms, and bathrooms; with the larger townhome units creating an attractive option for small families with children. COMMUNITY HIGHLIGHTS • Excellent frontage exposure to Northwest 50th Street – over 16,000 cars per day • Short commute times to premier retail including Penn Square Mall, Quail Springs Mall, and Chisholm Creek. Proximate to major employers including INTEGRIS Baptist Medical Center, Chesapeake Energy Corporation, and the corporate headquarters of Love’s Travel Stops; less than 10 miles from the OKC Central Business District • Located in the Putnam City Schools district, highly ranked for college prep, diversity, and athletics: 16 to 1 student-teacher ratio • Value-add opportunity with up to $100 demonstrated monthly market rent premiums on currently renovated units and substantial rent deltas with repositioned assets of comparable vintage

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 34
Year Built: 1970
Lot Size: 2.35 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 3928 Northwest 50th Street, Oklahoma City, OK 73112-2290, USA
Provided by:

Similar Properties in the Area

4602 50th St

Lubbock , Texas
Texas + Apartment Buildings
Units: 124

905-909 Shepherd Street

Morgan , Texas
Texas + Apartment Buildings
Units: 6
Price: $725,000

5-23 Ashlee Blvd

Nash , Texas
Texas + Apartment Buildings
Units: 10
Price: $850,000

Brokers

View All
popup background image