Spoke Street Apartments: A Premier Investment Opportunity in Oklahoma City’s Wheeler District
There are investment properties—and then there are opportunities that truly define a neighborhood. Spoke Street Apartments at 1700 & 1701 Spoke Street represent one of those rare opportunities in Oklahoma City’s rapidly evolving urban core.
Situated in the heart of the highly sought-after Wheeler District, this newly constructed mixed-use property offers investors a unique combination of immediate income, long-term appreciation potential, and a location that continues to gain momentum as one of OKC’s most vibrant lifestyle communities.
Property Overview: Strong Returns in a High-Growth Market
Spoke Street Apartments encompasses approximately 6,037 square feet and is currently 88% leased, providing stable, in-place income from day one. With a 6.78% cap rate and an offering price of $1,998,950, this asset stands out as a compelling investment for those seeking both performance and positioning in the Oklahoma City real estate market.
The property features a mixed-use design that blends residential units with street-level commercial space, creating diversified revenue streams and enhancing long-term value. This type of asset is increasingly desirable among investors looking for stability and resilience in today’s market.
Wheeler District: One of Oklahoma City’s Most Walkable and Desirable Communities
Location is everything in real estate—and the Wheeler District delivers on every level. This master-planned community was designed with walkability, connectivity, and lifestyle in mind. Residents and tenants enjoy immediate access to some of the area’s most popular destinations, including:
The Big Friendly Brewery
Taco Nation
AKAI Sushi-Ya
Park Grounds
Stitch Café
The Paramount
The iconic Wheeler Ferris Wheel
With close proximity to downtown Oklahoma City, the Wheeler District continues to attract young professionals, entrepreneurs, and residents seeking an urban lifestyle with a strong sense of community.
Why Spoke Street Apartments Stands Out
What makes this opportunity truly unique is the combination of new construction, mixed-use design, and strategic location. Investors benefit from:
Minimal deferred maintenance due to brand-new construction
Immediate cash flow with high occupancy
Diversified income from residential and commercial tenants
A cohesive, two-building investment offering scale and efficiency
Long-term appreciation potential in a rapidly developing district
The demand for walkable, mixed-use communities continues to rise, and properties like Spoke Street Apartments are positioned to capitalize on this trend.
A Rare Investment Opportunity in Oklahoma City
Opportunities to acquire a property of this caliber—especially within a master-planned district like Wheeler—are increasingly limited. As Oklahoma City continues to grow, assets that combine location, design, and income potential will only become more valuable.
Spoke Street Apartments is more than just an investment—it’s a chance to own a piece of one of OKC’s most exciting and forward-thinking neighborhoods.
Pricing & Additional Information
Price: $1,998,950
Cap Rate: 6.78%
More Information: www.1700SpokeSt.com
LoopNet Listing: https://www.loopnet.com/Listing/1700-Spoke-St-Oklahoma-City-OK/39961072/
Listed by Wyatt Poindexter & David Kolb
For all inquiries, contact:
David Kolb – 405-609-4746
Wyatt Poindexter is a premier luxury real estate agent in Oklahoma specializing in high-end homes, gated communities, lakefront properties, and estate homes across Oklahoma City, Edmond, Arcadia, and all surrounding areas.
Wyatt Poindexter - Oklahoma Luxury Real Estate - The Agency - 405-417-5466 - [email protected] - www.OKLuxuryHomes.com
