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Listed by Rudy Hymer • RJH Realty Investments Inc

$ 525,000

Est. payment | -/mo

4 Beds

4 Baths

2,548 SqFt

Save

$ 525,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,548 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,548 sqft

Price per Sqft $206

MLS Listing ID OKC1235463

Style Craftsman

Bedrooms 4

Full Baths 4

Construction Status Stucco

Year Built 1930

Annual Tax Amount $3,297

Lot Size 5,663 Sqft

Property Sub-Type Fourplex

Property Description

Exceptional opportunity to acquire a fully leased multifamily asset in one of Norman's most desirable rental corridors, just minutes from the University of Oklahoma. Located in the heart of the campus area, 408 Chautauqua Avenue consists of four one-bedroom, one-bathroom units that cater to the strong and consistent demand generated by OU students, faculty, staff, and young professionals.

The property features four separately metered units, allowing tenants to pay their own utilities and minimizing owner operating expenses. With all units currently leased, investors benefit from immediate in-place cash flow and a stabilized income stream from day one. The building offers a highly efficient unit mix, attractive to renters seeking affordable housing within close proximity to campus, Campus Corner, and downtown Norman amenities.

Originally constructed in 1930 and configured as a four-unit multifamily property, the asset provides a proven rental history in a location known for strong occupancy and enduring tenant demand. The property's walkable location near the University of Oklahoma enhances its long-term investment appeal and provides a significant competitive advantage within the Norman rental market.

Investment Highlights

Four (4) one-bedroom, one-bathroom units
gas range and refrigerator in each unit
Fully leased with immediate cash flow
Separately metered units
large basement
mock fireplace in one unit
Prime location near the University of Oklahoma
Consistent student and workforce rental demand
Low-maintenance multifamily investment opportunity
Strong long-term appreciation potential in a proven rental submarket

408 Chautauqua Avenue presents investors with the rare combination of stabilized occupancy, efficient operations, and an irreplaceable location near one of Oklahoma's largest universities.

Location

State OK

County Cleveland

Interior

Heating Panel Ray

Cooling Window Unit(s)

Fireplaces Number 1

Fireplaces Type Mock

Fireplace Y

Appliance Refrigerator

Exterior

Parking Features Backyard

Garage Description Backyard

Roof Type Composition

Building

Lot Description Campus Area, Interior Lot

Story 2

Foundation Conventional

Architectural Style Craftsman

Level or Stories Two

Structure Type Stucco

Construction Status Stucco

Schools

Elementary Schools Mckinley Es

Middle Schools Alcott Ms

High Schools Norman Hs

School District Norman

Others

Acceptable Financing As is Condition, Cash, Conventional

Listing Terms As is Condition, Cash, Conventional

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

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408 Chautauqua AVE Norman, OK 73069