Income-Producing Investment Opportunity!
Don't miss this excellent investment property in a great location near East Central University! This property offers multiple income streams and is already generating rental income.
The main home features:
3 Bedrooms
2 Bathrooms
Currently leased for $900/month
In addition, the property includes separate 1 bed, 1 bath living quarters in the back, currently leased for $400/month, bringing the total monthly rental income to $1,300.
Investment Highlights:
Total rental income of $1,300/month
Tenants pay all utilities
Separate rear living quarters for additional income
Convenient location near East Central University
Strong opportunity for investors seeking immediate cash flow
Whether you're expanding your rental portfolio or looking for a turnkey investment, this property offers steady income in a desirable location.
For sale
Price cut: $5K (8/25)
$124,900
512 E 16th St, Ada, OK 74820
3beds
1,320sqft
Single Family Residence
Built in 1944
7,013 Square Feet Lot
$-- Zestimate®
$95/sqft
$-- HOA
What's special
- 96 days
- 267
- 14
Zillow last checked:
Listing updated:
Listed by:
Julie Taylor 580-399-4941,
Gray Real Estate Elite, Inc.
Source: MLS Technology, Inc.,MLS#: 2623793
Originating MLS: MLS Technology
Originating MLS: MLS TechnologyFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Oven, Range
- Laundry: Washer Hookup
Features
- Laminate Counters, None, Electric Oven Connection
- Flooring: Laminate
- Windows: Aluminum Frames
- Basement: None,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,320
- Total interior livable area: 1,320 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: None
- Pool features: None
- Fencing: Other
Lot
- Size: 7,013 Square Feet
- Features: None
Details
- Additional structures: Other
- Parcel number: 009500012012000000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other, Wood Frame
- Foundation: Crawlspace
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1944
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Security: No Safety Shelter
- Subdivision: Dan Hays
HOA
- Has HOA: No
Location
- Region: Ada
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $65,000
- Annual tax amount: $802
- Date on market: 6/28/2026
- Cumulative days on market: 77 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Price change | $124,900-3.8%$95/sqft |
Source:  MLS Technology, Inc. #2623793 Report a problem | ||
| 7/16/2026 | Price change | $129,900-7.2%$98/sqft |
Source: MLS Technology, Inc. #2623793 Report a problem | ||
| 6/29/2026 | Listed for sale | $140,000+115.4%$106/sqft |
Source: MLS Technology, Inc. #2623793 Report a problem | ||
| 3/22/2024 | Sold | $65,000-5.8%$49/sqft |
Source: Public Record Report a problem | ||
| 8/9/2022 | Listing removed | -- |
Source: MLS Technology, Inc. #2133096 Report a problem | ||
| 7/15/2022 | Listed for sale | $69,000$52/sqft |
Source: MLS Technology, Inc. #2133096 Report a problem | ||
| 4/27/2022 | Pending sale | $69,000$52/sqft |
Source: MLS Technology, Inc. #2133096 Report a problem | ||
| 1/25/2022 | Listed for sale | $69,000$52/sqft |
Source: MLS Technology, Inc. #2133096 Report a problem | ||
| 1/10/2022 | Pending sale | $69,000$52/sqft |
Source: MLS Technology, Inc. #2133096 Report a problem | ||
| 9/21/2021 | Listed for sale | $69,000+45.3%$52/sqft |
Source: MLS Technology, Inc. #2133096 Report a problem | ||
| 1/4/2021 | Sold | $47,500-20.7%$36/sqft |
Source: MLS Technology, Inc. #2033130 Report a problem | ||
| 12/10/2020 | Pending sale | $59,900$45/sqft |
Source: Gray Real Estate Elite, Inc. #2033130 Report a problem | ||
| 10/28/2020 | Price change | $59,900+9.1%$45/sqft |
Source: Gray Real Estate Elite, Inc. #2033130 Report a problem | ||
| 9/4/2020 | Listed for sale | $54,900$42/sqft |
Source: Gray Real Estate Elite, Inc. #2033130 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $802 +6.7% | $7,800 +8.1% |
| 2024 | $751 +27.8% | $7,214 +26.6% |
| 2023 | $588 -1.5% | $5,700 |
| 2022 | $597 +44.2% | $5,700 +28.6% |
| 2021 | $414 +2.1% | $4,432 +5% |
| 2020 | $405 +5% | $4,221 +5% |
| 2019 | $386 +0% | $4,020 +5% |
| 2018 | $386 +9% | $3,829 +5% |
| 2017 | $354 +12.7% | $3,647 +5% |
| 2016 | $314 +8.1% | $3,473 +5% |
| 2015 | $290 +12.6% | $3,307 +5% |
| 2014 | $258 +1.1% | $3,150 |
| 2013 | $255 -2.7% | $3,150 |
| 2012 | $262 | $3,150 |
| 2011 | -- | $3,150 |
| 2010 | -- | $3,150 |
| 2009 | -- | $3,150 |
| 2008 | -- | $3,150 |
| 2007 | $246 | $3,150 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 74820
Nearby schools
Schools provided by the listing agent
- Elementary: Ada
- High: Ada
- District: Ada - Sch Dist (I9)
Source: MLS Technology, Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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