For Sale
$400,000

19 2Nd AveArdmore, OK 73401

Five-unit multifamily property, updated units.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a five-unit multifamily property nestled in the heart of downtown Ardmore, Oklahoma. The property boasts a total of 3,710 square feet situated on a 0.17-acre lot. Built in 1945, this two-story building comprises four apartment units – two on the ground floor and two on the upper level – and a detached, single-family "tiny home" in the rear. The tiny home generates an additional $1,000 monthly rental income, inclusive of utilities. All units have recently undergone updates. This property offers a unique zoning advantage: it allows for commercial use on the lower level and residential use on the upper level, presenting significant flexibility for future development or income diversification. The asking price is $400,000, translating to a price per square foot of $107.82. Located at 19 2nd Avenue, Ardmore, OK 73401, this property is ideally situated near Dew Drop/Cafe Alley, with neighboring properties also available for purchase. This is a rare opportunity to acquire a well-maintained, income-generating multifamily property in a desirable downtown location with unique zoning potential.

Highlights

  • $400,000 asking price for a multifamily property.
  • 3,710 square feet, priced at $107.82 per square foot.
  • Five-plex located in downtown Ardmore, Oklahoma, built in 1945.
  • Features four apartments (two upstairs, two downstairs) and one detached tiny home, all recently updated.
  • 0.17-acre lot with rare zoning allowing for mixed-use commercial/residential development.

Property Details for 19 2Nd Ave

Property type
Residential income homes
Square Feet
3,710 SF
Year Built
1945
Stories
2
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Ardmore
County
OK
State
Oklahoma
Latitude
34.1751563
Longitude
-97.1263519
19 2Nd Ave, Ardmore, Oklahoma

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19 2Nd Ave
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