REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Listed by Rick Terrell • Equity Oklahoma Real Estate

$ 450,000

Est. payment | -/mo

9 Beds

8 Baths

4,988 SqFt

Save

$ 450,000

Est. payment | -/mo

Save

9 Beds

8 Baths

4,988 SqFt

Key Details

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,988 sqft

Price per Sqft $90

MLS Listing ID OKC1213473

Style Victorian

Bedrooms 9

Full Baths 8

Construction Status Frame

Year Built 1940

Annual Tax Amount $4,647

Lot Size 8,712 Sqft

Property Sub-Type More Than 4 Units

Property Description

Investment Opportunity Near OU, Fully Occupied 8-Unit Apartment Building.
Excellent value-add opportunity just blocks from the University of Oklahoma campus. This three-story, 8-unit multifamily property features seven 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, totaling approximately 4,988 square feet on an 8,712 square foot lot with rear parking access from the alley.
The property is currently 100% occupied, providing immediate income. Five tenants are month-to-month, offering flexibility for future rent adjustments or renovation planning, and three units are under lease. Current rents range from $650 to $800 per month. Owner currently pays all utilities.
The building is a 1940 wood-frame structure with pier and beam foundation, central heat (two furnaces), and window unit air conditioning. Property reflects deferred maintenance and presents strong upside potential through exterior improvements, interior updates, and rental rate optimization.
Located in close proximity to campus, shopping, and downtown Norman amenities, this property offers long-term demand stability and repositioning opportunity for investors seeking cash flow with value-add potential.
Serious investors only. Do not disturb tenants. Selling "As Is" only.

Location

State OK

County Cleveland

Interior

Heating Central Gas

Cooling Window Unit(s)

Fireplace N

Exterior

Parking Features Backyard, Gravel

Garage Description Backyard, Gravel

Roof Type Composition

Building

Lot Description Interior Lot

Story 3

Foundation Conventional

Architectural Style Victorian

Level or Stories Multi

Structure Type Frame

Construction Status Frame

Schools

Elementary Schools Mckinley Es

Middle Schools Alcott Ms

High Schools Norman Hs

School District Norman

Others

Acceptable Financing As is Condition

Listing Terms As is Condition

Multiple Listing Service of Oklahoma (MLSOK)

Nearby Locations

"Today's buyers and sellers need a trusted advocate and resource that can guide them through the complex world of real estate. That’s why I am constantly striving to lead the field in research, innovation, and consumer education. With my extensive knowledge of the local Oklahoma City area and commitment to providing only the best and most timely information to my clients, I am your go-to source for real estate industry insight and advice."

+1(405) 532-3497

cindi@soldbycindi.com

800 W Rock Creek # 101, Norman, OK, 73069, USA

GET MORE INFORMATION

QUICK SEARCH

There are 30 quick searches

521 W Symmes ST Norman, OK 73069