229 Chalmette Dr, Norman, OK, 73071
About This Home
Rare opportunity to own a well maintained 4 plex approx 2 miles from the University of Oklahoma campus. Each unit has approximately 975 square feet with 2 bedrooms, and 1 bath featuring central heat and air, fireplace, all kitchen appliances, and washer/dryer hookups. New class 4 hail resistant roof in 2025 and new windows in 2017. Some long term tenants and all rents below market so room to grow the income. Owner financing is available with 25% down, up to a 30 year AM, at 5.75% interest rate subject to credit/asset review. We do not do "creative financing" such as seller being in 2nd place, equity participation, terms that are not fully amoritized, etc. Listing broker is an owner of the selling LLC with license # 071687. Do not disturb tenants.
Getting Around
Car-Dependent
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1982
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Refrigerator,Water Heater
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Number of fireplaces: 4
- Fireplace: Yes
Heating
- Heating features: Has Heating (Unspecified Type)
Interior Area
- Total structure area: 3,792
- Total interior livable area: 3,792 sqft
Property
Details
- Parcel number: 229NONEChalmette73071
- Special condition: Leased,Owner Associate
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.30 Acres
- Features: Interior Lot
Parking
- Total spaces: 8
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
- Cold Wave
- Ice Storm
- Hail
- Heat Wave
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Cleveland 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 | $2,401 | $28,812 |
| Home Insurance | $586 | $7,032 |
| Property Taxes | $364 | $4,368 |
| Electricity | $282 | $3,384 |
| Total | $3,633 | $43,596 |
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 |
|---|---|---|
| 2026-07-23 | Listed for sale | $475,000 |
| 2018-01-16 | Listing removed | $625 |
| 2018-01-12 | Listed for rent | $625 |
| 2016-03-09 | Listing removed | $625 |
| 2015-12-09 | Price change | $625 |
| 2015-10-28 | Listed for rent | $595 |
View on Zillow