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420 W Johnson St - Norman 2 for 1 opportunity 2 Unit Apartment Building Offered at $212,500 Norman, OK 73069
Investment Highlights
- 2 buildings on 1 lot
- Student rental possibilities, close to OU campus
- Rent ready
Executive Summary
This could be a great opportunity for a 2 for 1 rental investment or a home owner who wants a house-hack of a rent ready ADU. Much recent rehab has been poured into both buildings. The main house offers good size @ 1505 sqft MOL, having 3 bedrooms and 2 bathrooms. The ADU in the back is approximately 604sqft MOL, with a living area, kitchenette, bedroom & bathroom. The advertised 4 bedrooms & 3 bathrooms are both buildings combined. New metal roofs, nearly every window replaced with low-e, New central electric heat/AC for the main house and a new mini-spit for the ADU, updated flooring, remodeled kitchens and bathrooms with new cabinets, tops, fixtures, and paint. The money has been spent, now its time to reap the benefit of collecting rent, or living and letting a tenant help pay your way!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $212,500 | Lot Size | 0.15 AC |
| Price Per Unit | $106,250 | Building Size | 2,109 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Zoning | Residential - R1 SFR | ||
| Price | $212,500 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 2,109 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2025 |
| Zoning | Residential - R1 SFR |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
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420 W Johnson St - Norman 2 for 1 opportunity
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