Property details
About 508 S Main St
Investor’s Dream or House Hack Opportunity! Built in 2021, this well-maintained duplex in the heart of Luther features two 3-bedroom, 2-bathroom units, each renting for $1,400.00/month. Perfect for those looking to expand their investment portfolio or live in one side while earning income from the other. Each unit boasts modern finishes, including: A built-in coffee bar in the kitchen, open shelving paired with traditional cabinetry, a dedicated laundry area with a large modern barn door, shelving and drying rack, and a true primary bedroom with an attached en-suite bathroom. Unit 508 was recently vacated and renovated with brand-new LVP flooring, fresh paint, a new front door, and new carpet—move-in ready for either an owner-occupant or new tenant! Enjoy an open-concept layout with granite countertops, stainless steel appliances, and spacious bedrooms. Conveniently located within walking distance to Luther High School, Chico’s Mexican Restaurant, and S&H Mercantile! Easy turnpike access making daily commutes a breeze. This property offers both small-town charm and strong rental potential. Investor Highlights: Est. Current Rent: $2,800/month ($33,600/year) Est. Annual Taxes: $3,139 Estimated Cap Rate: ~8.8% at the list price of $330,000 One side tenant-occupied, making this a turnkey income-producing property. Schedule a private showing today!
Highlights
Summary
- Full Bathrooms: 4
- Appliances: Dishwasher, Microwave, Refrigerator, Washer/Dryer
- Fireplace: None
- Total Bedroom Count: 6
- Parking: Gravel
- Architectural Style: Traditional
- List Price: $330,000
- Price/SqFt: $138
- Annual Tax Amount: $2,861
- Tax Year: 2023
- Lot: Corner Lot
- Directions: From Turner TP Exit Luther head E on to Hogback Rd, property is on the east side of Main St.
- Year Built: 2021
- Living Area: 2,376 SqFt
- MLS Number: 1181234
- MLS Name: MLSOK
- Office Name: Always Real Estate
- Office Phone: (405) 361-0874
- Listing Agent: Laci Bond, Shari Brunt
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: 7/19/2025, 12:59:26 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 |
|---|---|---|
| Sep 14, 2022 | Home Sold | $285,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $31,460 | $2,861 |
History based on county public records data.
Nearby schools
5
Luther Elementary School
Public District PK-4
0.4 mi
•900 S Dogwood St
6
Wellston Elementary School
Public District PK-5
8.0 mi
•500 Hayes Dr
6
Jones Elementary School
Public District PK-5
9.0 mi
•13145 Montana St
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 $44,500. Typical income of Luther, OK residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
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?
Hunting
NASCAR
Monster Trucks
Where do the neighbors shop?
Wal-Mart
Academy Sports & Outdoors
Dick's Sporting Goods
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Texas Roadhouse
What do the neighbors drive?
Ram
Chevrolet
Subaru
What do the neighbors listen to?
Classic Country
New Country- Country
Frequently asked questions
About 508 S Main St
The listing price of 508 S Main St property is $330,000.
The property 508 S Main St is a multi located in Luther, Oklahoma, 73054.
Active Listing: 508 S Main St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 508 S Main St are: Luther Elementary School (GreatSchools Rating 5/10), Wellston Elementary School (GreatSchools Rating 6/10), Jones Elementary School (GreatSchools Rating 6/10), Luther Middle School (GreatSchools Rating 4/10), Wellston Middle School (GreatSchools Rating 4/10), Jones Middle School (GreatSchools Rating 4/10), Luther High School (GreatSchools Rating 5/10), Wellston High School (GreatSchools Rating 7/10), Jones High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $2,861 (source: MLS/based on county public records data).
The last sale was on September 14, 2022 for $285,000 (source: MLS/tax record).
The property 508 S Main St is 2,376 SqFt (source: MLS/tax record).
The year of construction for 508 S Main St is 2021.
This home is located at 508 S Main St in Luther, OK and zip code 73054. This 2,376 square foot home was built in 2021. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 18, 2025 and is currently priced at $330,000.
While more than 1 listings in Luther, OK in June 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below. Between May and June 2025, Luther, OK real estate market has seen increase in the number of listings by 10%. In June 2025, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $277,500.