521 W Symmes Street, Norman, OK 73069

• 9 beds |
• 8 baths |
• 4,988 sqft

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.

Listing Status:

Pending

Data Last Updated:

May 1, 2026 at 12:23PM

Listing Office:

Equity Oklahoma Real Estate : 405-429-8160

Listing Agent:

Rick Terrell : 405-620-1268

MLS ID:

1213473

Interior

• A/C: Window Unit(s)
• Heating: Central Gas

Exterior

• Style: Victorian

Construction

• Roofing: Composition
• General: FrameMultiConventional

Location

• Originating MLS: mlsok
• School District: Norman
• County: Cleveland

Lot

• Zoning: 521WSymmes73069

Financial

• Source: mlsok