CASH-FLOWING ALTUS INVESTMENT PROPERTY | 4 RENTAL UNITS | INCOME PRODUCING NOW
Investors—don’t miss this income-producing opportunity at 502 W. Broadway in Altus, Oklahoma! This unique property features four rentable units: three apartments plus a detached single-family residence, providing multiple income streams from one property.
The three apartments have been recently renovated and are currently tenant-occupied, generating approximately $1,500/month in rental income ($500 per unit) and providing immediate cash flow. The main residence offers additional upside and could potentially rent for approximately $1,000/month, bringing the property’s potential gross rental income to approximately $2,500/month or $30,000 annually.
The property includes one attached 1-bedroom, 1-bath apartment and two detached apartments, offering diversified rental income and flexibility for investors. The main house could be rented, owner-occupied, or utilized as an additional value-add opportunity.
Conveniently located near downtown Altus, shopping, dining, and amenities, with proximity to Altus Air Force Base, this property offers an attractive combination of existing cash flow, recent renovations, and additional income potential.
A great opportunity to add a renovated, income-producing property to your portfolio. Schedule your showing today!
20 days
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920
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44
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
William Baker405-820-7823,
Cole Properties
Source: MLSOK/OKCMAR as distributed by MLS GRID,MLS#: 1241047
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3
Heating
Has Heating (Unspecified Type)
Cooling
Has cooling: Yes
Features
Number of fireplaces: 1
Fireplace features: Gas Log
Interior area
Total structure area: 2,766
Total interior livable area: 2,766 sqft
Property
Features
Levels: Two
Stories: 2
Exterior features: None
Lot
Size: 6,987 Square Feet
Features: Other
Details
Parcel number: 502WBroadway73521
Special conditions: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence
Materials
Frame
Foundation: Slab
Roof: Composition
Condition
Year built: 1940
Community & HOA
Location
Region: Altus
Financial & listing details
Price per square foot: $69/sqft
Tax assessed value: $150,348
Annual tax amount: $1,464
Date on market: 7/24/2026
Estimated market value
Zestimate®
$194,500
Estimated sales range
$185,000 - $204,000
Rent Zestimate®
$1,784/mo
Price history
Date
Event
Price
8/13/2026
Price change
$191,000-4.5%$69/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1241047Report a problem
7/24/2026
Listed for sale
$200,000+25.8%$72/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1241047Report a problem
11/10/2022
Sold
$159,000$57/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
10/4/2022
Pending sale
$159,000$57/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
8/20/2022
Price change
$159,000-5.9%$57/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
8/7/2022
Price change
$169,000-5.6%$61/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
7/6/2022
Price change
$179,000-3.2%$65/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
6/20/2022
Price change
$185,000-2.1%$67/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
5/31/2022
Price change
$189,000-3.1%$68/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
4/25/2022
Listed for sale
$195,000+125.4%$70/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1005745Report a problem
1/1/2022
Listing removed
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Source: MLSOK/OKCMAR as distributed by MLS GRID #959082Report a problem
8/26/2021
Listed for sale
$86,500+45.4%$31/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #959082Report a problem
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.