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$495,000

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.

4 Beds ⋅ 4 Baths ⋅ 1235463 MLS

408 Chautauqua Avenue, Norman

$455,000

**3 Bedroom Home with Backyard Studio—Walking Distance to OU** This lovely property is located less than a mile from the University of Oklahoma campus, making it an ideal home or investment opportunity for students, faculty, or anyone who loves being close to the action. It’s also just half a mile from downtown Norman, with easy access to dining, shopping, and entertainment. The main house features 3 spacious bedrooms and 1 bathroom, with stunning original hardwood floors, large windows, and plenty of natural light. The fully updated kitchen includes stainless steel appliances, a gas stove, and ample cabinet and counter space. The bathroom is equipped with a dual vanity for added convenience. The low-maintenance backyard is designed for entertaining, featuring a stone-and-gravel ground covering, an open patio, and a fire pit—perfect for gatherings year-round. Additionally, the property includes a detached studio in the backyard, offering incredible potential as a rental unit or private guest space. This studio is fully equipped with a kitchen, bathroom, and in-unit laundry, making it a self-sufficient living area. With its unbeatable location and fantastic features, this property is perfect for living or investing! Schedule your showing today!

3 Beds ⋅ 1 Baths ⋅ 1183684 MLS

415 S Lahoma Avenue, Norman