408 Chautauqua AVE Norman, OK 73069
UPDATED:
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
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
NEARBY SCHOOL & BUSINESS
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