500 W 16 ST, Ada, OK 74820
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500 W 16 ST, Ada, OK 74820
500 W 16 ST, Ada, OK 74820
500 W 16 ST, Ada, OK 74820
500 W 16 ST, Ada, OK 74820
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500 W 16 ST Ada, OK 74820

3 Beds

2 Baths

1,510 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,510 sqft

Price per Sqft $76

Subdivision Daggs

MLS Listing ID 2608089

Style Cottage

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N No

Total Fin. Sqft 1510

Year Built 1942

Annual Tax Amount $512

Tax Year 2023

Lot Size 7,013 Sqft

Acres 0.161

Property Sub-Type Single Family Residence

Property Description

Investor Special! Excellent opportunity to acquire a turnkey, income-producing property with immediate cash flow in place. The home is currently leased at $1,200 per month with 11 months remaining on a two-year lease, providing predictable income and reducing vacancy risk for the next owner. Existing tenancy allows for a smooth transition and immediate returns from day one.

This 3-bedroom, 1.5-bath residence sits on a desirable corner lot, offering added curb appeal and long-term value. The property has been freshly painted and is well maintained, helping minimize upfront capital expenditures. A functional floor plan and solid condition make this home attractive to long-term renters and easy to manage as part of an investment portfolio.

The location is a major asset, positioned near Ada Junior High School and Washington Grade School, which continues to support strong and consistent rental demand. The home is also within walking distance to downtown, providing tenants with convenient access to shopping, dining, and local services—an important factor in tenant retention and future rent growth potential.

Whether you are a seasoned investor or looking to expand your rental portfolio, this property offers steady cash flow, strong location fundamentals, and long-term appreciation potential. A solid investment opportunity in an established neighborhood with proven rental performance.

Location

State OK

County Pontotoc

Direction East

Rooms

Other Rooms Storage

Basement Crawl Space

Interior

Interior Features High Ceilings, Laminate Counters, Electric Oven Connection

Heating Central, Gas, Radiant

Cooling 2 Units

Flooring Vinyl, Wood

Fireplace No

Window Features Storm Window(s),Wood Frames

Appliance Electric Water Heater, Oven, Range, Refrigerator

Heat Source Central, Gas, Radiant

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Exterior Feature None

Parking Features Carport

Garage Spaces 1.0

Fence Chain Link, Partial

Pool None

Utilities Available Electricity Available, Natural Gas Available, Water Available

Water Access Desc Public

Roof Type Other

Porch Porch

Garage true

Building

Lot Description Corner Lot

Dwelling Type House

Faces East

Entry Level One

Foundation Crawlspace

Lot Size Range 0.161

Sewer Public Sewer

Water Public

Architectural Style Cottage

Level or Stories One

Additional Building Storage

Structure Type Wood Siding,Wood Frame

Schools

Elementary Schools Ada

High Schools Ada

School District Ada - Sch Dist (I9)

Others

Senior Community No

Security Features No Safety Shelter

Acceptable Financing Conventional

Listing Terms Conventional


Listed by Sweeney & Associates
Chastity Weichselbaum

Chastity Weichselbaum

Broker-Owner | License ID: 207911

+1(918) 990-2051

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500 W 16 ST