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Bought with Randa Alvarado
$ 350,000
$ 450,000 22.2%
521 W Symmes ST Norman, OK 73069
9 Beds
8 Baths
4,988 SqFt
UPDATED:
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,988 sqft
Price per Sqft $70
MLS Listing ID OKC1213473
Sold Date 05/14/26
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
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 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
NEARBY SCHOOL & BUSINESS