Income-Producing Triplex in Lawton. This investment opportunity features three spacious 2-bedroom units listed for $125,000. Ideally positioned for an investor looking for immediate cash flow plus upside, the property is currently generating $1,300/month from two occupied units. The center unit (410) requires full renovation, offering a clear path to force appreciation and increase the rent roll. Current market rates support a projected rent of $650/unit ($1,950/month total) once fully stabilized. Portfolio Option: This property can be purchased individually or combined with the adjacent listing, 402 NW 3rd St (6 studios listed at $125,000), to create a 9-unit portfolio. Sold As-Is. Please do not disturb tenants.
For sale
$125,000
408 NW 3rd St, Lawton, OK 73507
6beds
1,701sqft
Triplex
Built in 1941
-- sqft lot
$-- Zestimate®
$73/sqft
$-- HOA
What's special
- 4 hours
- 14
- 1
Zillow last checked:
Listing updated:
Listed by:
Steven Spencer 405-203-0154,
Real Broker LLC
Source: MLSOK/OKCMAR as distributed by MLS GRID,MLS#: 1247565
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Water Heater
Interior area
- Total structure area: 1,701
- Total interior livable area: 1,701 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,500 Square Feet
- Features: Corner Lot, Interior Lot, Other
Details
- Parcel number: 408NW3rd73507
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Concrete, Frame, Stucco
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1941
Community & HOA
Location
- Region: Lawton
Financial & listing details
- Price per square foot: $73/sqft
- Tax assessed value: $90,505
- Annual tax amount: $727
- Date on market: 9/3/2026
- Listing terms: As is Condition,Cash Only,Cash
Estimated market value
Not available
Estimated sales range
Not available
$1,740/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $125,000$73/sqft |
Source:  MLSOK/OKCMAR as distributed by MLS GRID #1247565 Report a problem | ||
| 8/1/2026 | Listing removed | $125,000$73/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1212272 Report a problem | ||
| 1/31/2026 | Listed for sale | $125,000-3.8%$73/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1212272 Report a problem | ||
| 12/11/2025 | Listing removed | $130,000$76/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1186701 Report a problem | ||
| 8/20/2025 | Listed for sale | $130,000$76/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1186701 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,099 +52.4% | $10,182 +52.8% |
| 2024 | $721 | $6,665 |
| 2023 | $721 +4.9% | $6,665 +3.4% |
| 2022 | $687 +21% | $6,447 +16.2% |
| 2021 | $568 +5.8% | $5,546 +5% |
| 2020 | $537 +1.5% | $5,282 +0.7% |
| 2019 | $529 +30% | $5,244 +10.3% |
| 2017 | $407 | $4,756 +5% |
| 2016 | $407 +6.5% | $4,531 +5% |
| 2015 | $382 +5.3% | $4,315 +5% |
| 2014 | $363 +1.7% | $4,110 |
| 2013 | $357 | $4,110 +5% |
| 2010 | -- | $3,914 |
| 2008 | $369 | $3,914 |
| 2007 | $369 +1.3% | $3,914 |
| 2006 | $364 +10.3% | $3,914 -88.7% |
| 2002 | $330 | $34,788 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 73507
Nearby schools
Schools provided by the listing agent
- Elementary: Lincoln ES
- Middle: Central MS
- High: Lawton HS
Source: MLSOK/OKCMAR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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