Property details
About 402 NW 3rd St
Multifamily investment generating $2,950/month in current rental income, with 9 total units across two parcels at 402 and 408 NW 3rd St in Lawton. Unit 402 N/S and 404 N are tenant-occupied studios. 404 S is rent-ready. Units 406 N/S are fire-damaged studios. 408 and 412 are occupied 2 bed, 1 bath units. 410 is a vacant 2 bed, 1 bath unit needing renovation. With four units currently offline, this property offers a clear value-add opportunity to significantly increase cash flow through renovation and lease-up, unlocking upside potential and driving gross rents well beyond current level. Property sold as-is. Do not disturb tenants. Full investor packet available upon request. Please do no disturb tenants.
Highlights
Summary
- Full Bathrooms: 9
- Appliances: Refrigerator, Water Heater
- Total Bedroom Count: 12
- Waterfront: Other
- View: Other
- Architectural Style: Traditional
- List Price: $255,000
- Price/SqFt: $129
- Annual Tax Amount: $726
- Tax Year: 2023
- Lot: Corner Lot, Interior Lot, Other
- Year Built: 1941
- Stories: 1
- Living Area: 1,974 SqFt
- MLS Number: 1176092
- MLS Name: MLSOK
- Office Name: Real Broker LLC
- Office Phone: (405) 400-1611
- Listing Agent: Steven Spencer
Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 9:44:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 20, 2024 | Home Sold | $205,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $6,714 | $726 |
| 2021 | $5,189 | $709 |
| 2020 | $4,942 | $502 |
| 2019 | $4,942 | $502 |
| 2018 | $5,114 | $499 |
| 2017 | $5,114 | $438 |
History based on county public records data.
Nearby schools
2
Washington Elementary School
Public District PK-5
0.5 mi
•805 NW Columbia Ave
3
Whittier Elementary School
Public District PK-5
1.2 mi
•1115 NW Laird Ave
3
Lincoln Elementary School
Public District PK-5
1.2 mi
•601 SW Park Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,516. The majority of Lawton, OK residents have income less than $<35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
UFC
Soccer
NBA/WNBA
Where do the neighbors shop?
Family Dollar
Forever 21
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Dominos Pizza
Starbucks
What do the neighbors drive?
Buick
Mazda
Pontiac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
Frequently asked questions
Living in Lawton, OK
Lawton's transportation infrastructure includes a network of roads and highways that connect residents to nearby cities and points of interest. Public transit options are available, providing residents with alternatives to private vehicle use. The area's walkability varies, with certain neighborhoods offering more pedestrian-friendly environments than others. Ride-sharing services are present in Lawton, complementing the existing transportation options and enhancing mobility for residents and visitors alike.
Residents of Lawton benefit from a solid educational system, with numerous public schools serving the community at all levels, as well as private educational options. The city is home to several healthcare facilities, offering a range of services from primary care to specialized treatments. The public library system supports lifelong learning and community engagement. Retail and dining establishments reflect the local culture, with an emphasis on family-owned businesses and regional cuisine.
Lawton is celebrated for its strong sense of community and vibrant cultural scene. The city prides itself on hosting events such as the Lawton Arts for All Festival, which showcases the area's commitment to the arts and its community spirit. The local ambiance is one of friendliness and inclusivity, with residents enjoying a variety of outdoor activities thanks to the city's proximity to the Wichita Mountains Wildlife Refuge.
The housing landscape in Lawton is characterized by a mix of single-family homes, apartments, and townhouses, with single-family homes being the most prevalent. The architectural styles in the area are diverse, with a blend of modern, ranch-style, and bungalow designs. A significant portion of the housing stock was built during the late 20th century, reflecting a period of growth and development in the city.
About 402 NW 3rd St
The listing price of 402 NW 3rd St property is $255,000.
The property 402 NW 3rd St is a multi located in Lawton, Oklahoma, 73507.
Active Listing: 402 NW 3rd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 402 NW 3rd St are: Washington Elementary School (GreatSchools Rating 2/10), Whittier Elementary School (GreatSchools Rating 3/10), Lincoln Elementary School (GreatSchools Rating 3/10), Central Middle School (GreatSchools Rating 4/10), MacArthur Middle School (GreatSchools Rating 5/10), Eisenhower Middle School (GreatSchools Rating 4/10), Lawton High School (GreatSchools Rating 4/10), MacArthur High School (GreatSchools Rating 5/10), Eisenhower High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $726 (source: MLS/based on county public records data).
The last sale was on May 20, 2024 for $205,000 (source: MLS/tax record).
The property 402 NW 3rd St is 1,974 SqFt (source: MLS/tax record).
The year of construction for 402 NW 3rd St is 1941.
This home is located at 402 NW 3rd St in Lawton, OK and zip code 73507. This 1,974 square foot home was built in 1941. Features: 12 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $255,000.
While more than 1 listings in Lawton, OK in June 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 7 were sold below. The number of homes for sale in Lawton, OK decreased by 5.7% between May and June 2025. In June 2025, listings were on the market for 86 days. During the same period, the median list price in this real estate market was $238,875.