402 NW 3rd St, Lawton, OK, 73507
About This Home
Value-Add Multifamily Opportunity in Lawton. This 3-building complex features 6 studio units listed at $125,000. The property offers a diverse mix of conditions for the savvy investor: 2 tenant-occupied units generating $1,050/month, 1 vacant rent-ready unit, 1 vacant unit needing cosmetic updates, and 2 fire-damaged shells ready for full renovation. Current market rates support a projected rent of $550/unit ($3,300/month total) once stabilized. Portfolio Option: This property can be purchased individually or combined with the adjacent listing, 408 NW 3rd St (a triplex listed at $125,000), to create a 9-unit portfolio. Sold As-Is. Please do not disturb tenants. Full investor packet available.
Getting Around
Car-Dependent
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1941
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Concrete,Frame
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Water Heater
Bedrooms & Bathrooms
- Bathrooms: 6
- Full bathrooms: 6
Cooling
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 1,974
- Total interior livable area: 1,974 sqft
Property
Details
- Parcel number: 402NW3rd73507
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 7,500 sqft
- Features: Corner Lot,Interior Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Strong Wind
- Cold Wave
- Hail
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Comanche County and Oklahoma
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $632 | $7,584 |
| Home Insurance | $234 | $2,808 |
| Property Taxes | $70 | $840 |
| Electricity | $146 | $1,762 |
| Total | $1,082 | $12,984 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-31 | Listed for sale | $125,000 |
| 2025-10-13 | Listing removed | $125,000 |
| 2025-08-20 | Price change | $125,000 |
| 2025-07-11 | Price change | $255,000 |
| 2025-06-17 | Listed for sale | $270,000 |
| 2025-06-09 | Listing removed | $270,000 |
| 2025-05-19 | Price change | $270,000 |
| 2025-04-25 | Listed for sale | $280,000 |
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