$ 525,000
-
$525,000
Price -
4
Bed -
4
Bath -
2,548
SqFt
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About the Listing RJHR01 - RHYMER
Exceptional opportunity to acquire a fully leased multifamily asset in one of Norman's most desirable rental corridors, just minutes from the University of Oklahoma. Located in the heart of the campus area, 408 Chautauqua Avenue consists of four one-bedroom, one-bathroom units that cater to the strong and consistent demand generated by OU students, faculty, staff, and young professionals. 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.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
1235463
Year Built
1930
Total Square Footage
2,548
Lot/Acreage
0.13
County
Cleveland
School District
Norman
Elementary School
Mckinley ES
Middle School
Alcott MS
High School
Norman High School
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Refrigerator
- Air Cond: Window Unit(s)
- Heating: Panel Ray
- Fireplaces: 1, Mock
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Campus Area,Interior Lot
- Garage Capacity: N/A
- Roof: Composition
- Others:
- Sewer:
- Parking Features: Backyard
Financial Details
- Tax Amount: $3,297
- Taxes w/Assessments: N/A
- Tax/Property ID: 408NONEChautauqua73069
- Tax Year: N/A
Payment Calculator
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Questions About..
408 Chautauqua Ave 9N, Norman, OK 73069
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