408 Chautauqua Ave, Norman, OK

Name: 408 Chautauqua Ave, For Sale in Norman - eXp Realty
Brand: RJH Realty Investments Inc
SKU: 1235463
Price: 525000 USD

House

For Sale

Listed price in listed location currency (USD).

$525,000

446

MLS® 1235463

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size 2548 sqft

Garage

Taxes

Days Active 0

Lot Size 5663 SF

Approx. Age 1930

Avg. Price Per Sqft $206

MLS® Number 1235463

Property Address: 408 Chautauqua Ave, Norman, OK, 73069-5547

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number1235463

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1930

Basement

DrivewayBackyard

Garage Spaces

HeatPanel Ray

A/CWindow Unit(s)

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 19, 2026List Date

$525,000List Price

Home Appraisal

This property is estimated to sell between: $525,000 and $761,000.

Similar properties in this area sold on average for: $682,000

Expected to sell in 36 days. Similar properties sold in 36 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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