About This Home

This 3-bedroom, 3-bathroom condo at 401 SE 12th Avenue in Norman, OK is listed for $99,900 ($72 per sqft). Built in 1976, the home offers 1,392 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1976
  • 0.09 acre lot
  • Private pool
  • Fireplace

Property Details

2 full, 1 half
#208
1976

Amenities

PoolFireplaceA/C
Listing Description

Opportunity to own a property in the heart of Norman, just minutes from the University of Oklahoma campus. Whether you're a seasoned investor, a parent seeking a home for your college student, or a buyer looking to live a short trip from game day, this condo delivers unbeatable location, livability, and rental potential.

This property sits in one of Norman's most reliable rental corridors - a market that benefits from year-round demand from OU's enrollment of over 30,000 students, plus faculty, medical residents, and young professionals. Condos in this corridor historically have shown strong monthly rental rates with consistent occupancy from a reliable tenant pool of students, graduate students, and medical professionals.

There is built-in seasonal demand from football weekends, campus events, and academic-year leasing cycles. Low-maintenance condo living makes ownership simple - no lawn care, no exterior upkeep, just steady rental income and equity growth. Inside, you'll find a functional layout with an open living and dining area - bright, versatile space for studying, entertaining, or relaxing.

In-unit laundry hookups bring added convenience, and the private patio offers an outdoor space to enjoy Oklahoma evenings. HOA dues cover exterior maintenance and insurance, water/sewer service, trash, and two pools. Note that there are no hot water tanks in the units- the HOA manages a central boiler.

That means no hot water tank to maintain, and all-electric units with no need for a gas bill. Roof and exterior coverings have all been replaced within the last three years. Refrigerator to convey with the property at no cost to buyer. For added peace of mind, the seller is providing a First American Home Warranty with First Class upgrade for the first year. This is an affordable entry point into Oklahoma City metro real estate - seize the opportunity to make it yours.

Monthly Cost Estimate

$4,350/mo

20% down · 6.5% · 30 years

Principal$72
Interest$433
Insurance$29
HOA$3,816

Estimates only. Actual payments may vary.

Location

401 SE 12th Avenue

Norman, OK 73071

Features & Amenities

Exterior Features

CabanaPatio - Open

Property Details

Construction

Brick Stone

Pool Features

Patio

Heating

Electric (Heating)

Cooling

ElectricCentral Air

Questions & Answers

This 3-bedroom, 3-bathroom condo at 401 SE 12th Avenue is listed at $99,900 ($72/sqft). The estimated monthly payment is $4,350 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $3816/month.

Key features include: Built in 1976, 0.09 acre lot, Private pool, Fireplace. Exterior Features: Cabana, Patio - Open.

This property is listed by Lauren Durmus and can be reached at 4053675501.

LD

Lauren Durmus

Agent at LIME Realty

(405) 367-5501

Listed by LIME Realty · View on Broker Site

MLS# 1240545· Source: listhub· 2 days on market

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401 SE 12th Avenue, Norman, OK 73071

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