OK
Cleveland
Norman
73069
521 W Symmes Street
521 W Symmes Street, Norman, OK 73069
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Listing Type
Multi Family
Listing Status
Pending
15
$450,000

Home Details for 521 W Symmes Street

Price
$450,000
Type
Residential Income
Bedrooms
9
Bathrooms
8.0
Square feet
4988
Year built
1940
County
Cleveland
Garage
Days on site
19
MLS Listing#
1213473
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.

Property Features
  • Heating Information
    • Central
    • Natural Gas
  • Cooling Information
    • Window Unit(s)
  • Parking
    • Gravel
School Information
School Information for 521 W Symmes Street, Norman, OK 73069
Elementary School
Mckinley ES
Middle School
Alcott MS
High School
Norman HS
Listing Courtesy: Equity Oklahoma Real Estate - 405-429-8160
Presented by: Rick Terrell
Oklahoma City Metropolitan Association of REALTORS logo Copyright © 2026 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy or authenticity of the data contained herein. Information is subject to verification by all parties and is subject to transcription and transmission errors. All information is provided "as is". The listing information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Copyright ©2026 MLSOK, Inc. All Rights Reserved. 2026-02-13 16:50:20
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Market statistics compiled from data from Oklahoma City Metropolitan Association of REALTORS.
EXIT REALTY PREMIER
3705 W. Memorial Rd Suite 1405, Oklahoma City, OK 73134
Vada Dwaileebe
License #: 171732
Franchisee
Office
405 703 3565
Agent
405 496 2928
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