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For Auction

189 Units | Oklahoma City 16 Building Garden Style Complex | Value Add Repositioning

5700 South Agnew Avenue,
Oklahoma City, OK 73119

Asset Snapshot

Real Estate
Asset Type
Multifamily
Property Type
Garden
Multifamily Subtype
1962
Year Built
2
Floor Count
16
Building Count
303
Parking Spots
6.63 Acres
Land Area
189 Units
Unit Count
122,313 SF
Property Size
Distressed
Investment Profile

Investment Highlights

189-Unit Garden Community on 6.63 Acres
Sixteen two-story wood-frame buildings with 303 surface spaces, common laundry and a playground.
Vacant Delivery Enables Full Repositioning
A buyer sets the renovation scope, unit finishes, rent levels and resident base at lease-up.
Area Rent Comps Range From $675 to $780
Comparable properties average $735 per month in unadjusted rent for units averaging 618 SF.
Studio and 1BR Units Make Up 62% of Mix
The 189 units average 631 SF, with 28 studios, 90 one-bedrooms and 71 two-bedroom floor plans.
Submarket Occupancy Up to 94.0% in 2026 Q1
Southwest OKC occupancy rose from 91.5% in 2025, with pre-1970s assets at 94.1%, per MPF Research.
I-44 and I-240 Each Within One Mile
Both interstates sit within a mile, with SW 59th St, S May Ave and S Pennsylvania Ave all nearby.

Offering Summary

**BEING SOLD VACANT, AS IS**

 

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace is Creekside Apartments a 189-unit, garden-style multifamily community on 6.63 acres in Southwest Oklahoma City located at 5700 S Agnew Avenue. Built in 1962, the property comprises 16 two-story wood-frame buildings totaling 119,330 SF of net rentable area, with 303 surface parking spaces and common laundry, picnic and playground amenities. The unit mix averages 631 SF and is weighted toward smaller floor plans, with 28 studios, 90 one-bedroom units, 41 two-bedroom units and 30 Townhouses with 2BD/1.5BA. The asset is currently vacant and secured with perimeter fencing and security monitoring, positioning a buyer to execute a full renovation and lease-up program on its own terms. Comparable properties in the area achieve unadjusted rents of $675 to $780 per month for units averaging 618 SF. The Southwest Oklahoma City submarket reported 94.0% occupancy and a $943 average effective rent in 2026 Q1, up from 91.5% occupancy in 2025. The site offers about 705 feet of frontage on S Agnew Ave and 445 feet on SW 55th St, with I-44 and I-240 each within a mile.

Due Diligence

Location

Creekside Apartments sits at 5700 S Agnew Ave in Southwest Oklahoma City, with about 705 feet of frontage on S Agnew Ave and 445 feet on SW 55th St. I-44 and I-240 are each within a mile, connecting residents to metro employment. Hillcrest Shopping Center is 0.3 miles away and 240 Penn Park is 1.3 miles, placing daily-needs retail close to an established renter base.

94.0%
Submarket occupancy, 2026 Q1
$943 / Mo
Submarket average effective rent
51%
Renter-occupied households within 1 mile

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: BK#: 134099

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Auction Opens In
37d 14h 8m 58s
$750,000
Starting Bid
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Bidding Opens
Bidding Closes

Investment Sales Brokers

Ian Grusd, CCIM SIOR
Marcus & Millichap
TS
Tim Speck
Marcus & Millichap
OK License: 149994

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.