$450,000

521 W Symmes Street, Norman, OK 73069

  • 9 beds |
  • 8 baths |
  • 4,988 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $90/sqft
  • Property List Date Icon Listed 1 month ago

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:
March 13, 2026 at 1:21AM
Listing Office:
Equity Oklahoma Real Estate : 405-429-8160
Listing Agent:
Rick Terrell : 405-620-1268
MLS ID:
1213473
  • A/C: Window Unit(s)
  • Heating: Central Gas
  • Style: Victorian
  • Roofing: Composition
  • General: FrameMultiConventional
  • Originating MLS: mlsok
  • School District: Norman
  • County: Cleveland
  • Zoning: 521WSymmes73069
  • Source: mlsok

This listing courtesy of Rick Terrell , Equity Oklahoma Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McKinley Elementary School

728 S Flood Ave, Norman, OK, 73069

Grades PK-5

0.55 miles away

L

Longfellow Middle School

215 N Ponca Ave, Norman, OK, 73071

Grades 6-8

0.89 miles away

N

Norman High School

911 W Main St, Norman, OK, 73069

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.