521 W Symmes Street, Norman, OK 73069
Local realty services provided by:Better Homes and Gardens Real Estate Paramount
Listed by: rick terrell, robert t christensen
Office: equity oklahoma real estate
MLS#:1213473
Source:OK_OKC
521 W Symmes Street,Norman, OK 73069
$350,000
- 9 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Sold
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Price summary
- Price:$350,000
About this home
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....
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Home facts
- Year built:1940
- Listing ID #:1213473
- Added:93 day(s) ago
- Updated:May 15, 2026 at 03:17 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:8
- Full bathrooms:8
Heating and cooling
- Cooling:Window Unit(s)
Structure and exterior
- Roof:Composition
- Year built:1940
- Lot Features:Interior Lot
- Architectural Style:Victorian
- Construction Materials:Frame
- Foundation Description:Conventional
Schools
- High school:Norman HS
- Middle school:Alcott MS
- Elementary school:Mckinley ES
Finances and disclosures
- Price:$350,000
Parking
- Parking description:Backyard, Gravel
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