501 N 5th St, Lawton, OK 73507

Welcome to 501 & 505 NW 5th St, a unique opportunity to own two private homes, each with its own address, utilities, and yard space. This property offers privacy, flexibility, and long-term value making it perfect for investors, multi-generational living, or buyers wanting a mortgage-offset rental. The main home at 501 is spacious at approximately 1,800 sq ft and has seen major improvements in the last few years, including a new heater, new roof, new A/C,and other updates. With 2–3 bedrooms (flex room ideal for office or 3rd bedroom) 1 3/4 baths, a 2-car garage, and a private fenced yard, it’s bright, roomy, and move-in ready. The second home at 505 is a 2-bedroom rental with a new roof within the last 5 years and tenants who have lived here for 13 years. It has its own entrance, its own yard, and completely separate utilities. Rent is currently $550, with market potential of $700–$850. Even though both are on the same city lot, this property offers privacy, flexibility, and dependable income. Contact Tiphanie Murphy to view @580-512-2135