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Waggoners — Norman, OK
521 W Symmes Street, Norman, OK 73069
9 BD · 8 BA · 4,988 sq ft · Built 1940
The details
About this home
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.
Price history
History from MLS records since this home was listed.
Monthly cost
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Principal, interest, taxes, insurance, and HOA.
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An estimate, not a quote. Rates vary by lender and credit.
Recently sold nearby
Listing provided courtesy of Rick Terrell, Equity Oklahoma Real Estate (405-429-8160). Status: Sold.
Listings courtesy of MLSOK as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of May 14, 2026, 4:37 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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Data last updated May 14, 2026, 4:37 PM CT. MLS # 1213473. Homestead & Co is a licensed Oklahoma real estate brokerage.
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