Cash-Flowing Investment Property Near OU — Same Tenant 6 Years — 1402 Westbrooke Terrace, Norman, OK
Turnkey rental opportunity in desirable SW Norman, just minutes from the University of Oklahoma — ideal for a buy-and-hold investor. This well-maintained 3-bedroom, 2-bathroom home (1,267 sq ft) has been occupied by the same reliable tenant for 6 years, with strong, built-in rental demand from OU's student, faculty, and staff population ensuring long-term occupancy.
Property highlights:
Fully remodeled kitchen with granite countertops
Both bathrooms fully remodeled
Reliable HVAC system (AC/furnace) with years of service life remaining
Attached garage offers one covered parking space, plus a finished bonus room on the second bay (previously used as a 4th bedroom) — ductwork already run and simply capped off, offering flexible options: reconnect heat/air to restore it as a 4th bedroom, or convert back to a full two-car garage. Buyer's choice.
Desirable SW Norman location
Investment snapshot:
Asking price: $227,900
Current rent: $1,300/month (same tenant, 6-year tenure)
Rental upside: area rent estimates suggest room to increase at renewal or with a future tenant
Investor terms:
Preferred financing: cash or investor financing welcome
Showing instructions: to respect the current tenant's privacy, interior showings will be arranged upon an accepted letter of intent or proof of funds
Documentation available upon request
No repairs needed, no staging required — this is a fully updated, income-producing asset near one of Oklahoma's largest employers and universities.
Serious inquiries only. Reply with questions or to schedule a walkthrough.
For sale by owner
$227,900
1402 Westbrooke Ter, Norman, OK 73072
3beds
1,267sqft
SingleFamily
Built in 1966
8,712 Square Feet Lot
$-- Zestimate®
$180/sqft
$-- HOA
What's special
Both bathrooms fully remodeled
What the owner loves about this home
"This home offers true backyard privacy — a rare find in most neighborhoods. Because the street behind the house is a cul-de-sac, there's no home directly backing up to the yard, giving it a peaceful, secluded feel with mature shade trees and full privacy fencing. It's tucked into a quiet, well-established SW Norman neighborhood just minutes from the University of Oklahoma."
- 31 days
- 744
- 23
Listed by:
Property Owner (405) 407-5688
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
Features
- Flooring: Tile, Carpet
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,267 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Stone
- Has view: Yes
- View description: City
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: NC29WELND111001
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
Materials
- masonry
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1966
Community & HOA
Location
- Region: Norman
Financial & listing details
- Price per square foot: $180/sqft
- Tax assessed value: $132,481
- Annual tax amount: $1,908
- Date on market: 8/8/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,691/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2026 | Listed for sale | $227,900+68.8%$180/sqft |
Source: Owner Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/18/2014 | Listing removed | $135,000$107/sqft |
Source: Owner Report a problem | ||
| 1/30/2014 | Listed for sale | $135,000+92.9%$107/sqft |
Source: Owner Report a problem | ||
| 10/3/1999 | Sold | $70,000$55/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,908 +5.2% | $15,897 +5% |
| 2024 | $1,813 +4.7% | $15,140 +5% |
| 2023 | $1,731 +9.5% | $14,419 +5% |
| 2022 | $1,581 -5.2% | $13,733 |
| 2021 | $1,667 +10.2% | $13,733 |
| 2020 | $1,513 +0.4% | $13,733 |
| 2019 | $1,507 | $13,733 |
| 2018 | $1,507 | $13,733 |
| 2017 | $1,507 | $13,733 +5.4% |
| 2016 | -- | $13,034 +3% |
| 2015 | -- | $12,654 +3% |
| 2014 | -- | $12,286 +3% |
| 2013 | -- | $11,928 +3% |
| 2012 | -- | $11,581 +5% |
| 2011 | -- | $11,030 +5% |
| 2010 | -- | $10,505 +5% |
| 2009 | -- | $10,005 +5% |
| 2008 | -- | $9,528 -22.8% |
| 2007 | -- | $12,338 |
| 2006 | -- | $12,338 +49.9% |
| 2005 | -- | $8,231 |
| 2004 | -- | $8,231 |
| 2003 | -- | $8,231 |
| 2002 | -- | $8,231 |
| 2001 | -- | $8,231 |
Find assessor info on the county website
Monthly payment
Est. payment




