For sale

$125,000

408 NW 3rd St, Lawton, OK 73507

6beds

1,701sqft

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Triplex

Built in 1941

-- sqft lot

$-- Zestimate^®

$73/sqft

$-- HOA

What's special

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.

164 days

201

12

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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

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: 1/31/2026
Listing terms: As is Condition,Cash

Estimated market value

Not available

Estimated sales range

Not available

$1,069/mo

Price history

Date	Event	Price
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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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 73507

Getting around

46 / 100

Car-Dependent

73 / 100

Very Bikeable

Nearby schools

GreatSchools rating

4/10
Lincoln Elementary School
Grades: PK-5Distance: 1.2 mi
3/10
Central Middle School
Grades: 6-8Distance: 0.8 mi
3/10
Lawton High School
Grades: 9-12Distance: 0.6 mi

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.