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$495,000
4 Beds 4 Baths 1235463 MLS
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.

408 Chautauqua Avenue, Norman

$750,000
6 Beds 1227166 MLS
*** Investment Opportunity*** $78,000.00 income generated by rental income & gameday parking. Leased from June 1st, 2026 - May 31st, 2027, with a great rental history. Great investment opportunity with this 6 bedroom & 6 full bathroom property. Each bedroom has its own private bathroom and closet with spacious living areas and open kitchen floor plan. Lower level consists of 3 bedrooms & 3 bathrooms with kitchen and living area. Second level also consists of 3 bedrooms & 3 bathrooms with kitchen and living area. Living in this area puts you right in the heart of everything that makes college life at the University of Oklahoma so great. You’re just minutes from Campus Corner, the social hub filled with restaurants, coffee shops, and local favorites perfect for grabbing food with friends, studying outside your apartment, or enjoying game day energy. Being this close means you can walk or bike almost anywhere, which is a huge convenience for busy students. The property is also right next to downtown Norman, which adds a more laid-back, local feel with unique shops, live music, and great spots to unwind on weekends. It gives you options beyond campus without needing to go far. This specific area strikes the ideal balance: close enough to campus to stay involved and connected, but far enough to enjoy a bit more space, independence, and a quieter environment when you want it. Overall, it’s a prime location that combines walkability, social life, and convenience, making it an ideal setup for students who want to fully experience college while still having a comfortable place to live. • Prime location near the University of Oklahoma campus • Walking distance to Campus Corner (restaurants, coffee shops, nightlife) • Right next to downtown Norman (local shops, live music, entertainment) • Close to classes, study spots, and campus events • Easy access to game day activities and OU traditions • Ideal mix of convenience, independence, and college experience

324 S Sante Fe Avenue, Norman

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