Property Description

Located in the heart of Edmond, just minutes from UCO and the vibrant downtown district, this presents a rare and highly versatile investment opportunity. This unique property includes two fully independent residences on one plot, offering four separate income producing suites in one package. The front home at 329 E 5th St is a historic property featuring a classic wrap-around porch and timeless curb appeal. Inside, the home offers 4 beds, 4 baths, and one half baths. The property is currently configured into three suites: The primary front residence is leased at $2,100 per month. The two-story rear condo within the main structure is leased at $900 per month. The attached studio-style suite, converted from the original garage space, is leased at $950 per month. The main home retains its historic charm while offering updated appliances and functional systems. Vacancy has not been an issue due to the prime location near UCO and downtown Edmond. Behind the main residence sits a fully detached, newly constructed condominium with its own private driveway, utilities, electric, water, and fenced backyard. This unit carries its own address, 417 University, yet it is part of the same parcel and included in this sale. The detached condo is a fully permitted two-bed, two-bath residence built with all-new electric, plumbing, finishes, and systems. It features granite countertops, vinyl flooring, modern cabinetry, and a beautifully finished kitchen. This unit is leased separately for $1,550 per month and offers complete privacy for its tenants. The layout provides flexibility to maintain the current rental structure, convert to short-term rental where permitted, or potentially reconfigure for owner-occupancy with supplemental income. This is a rare opportunity to acquire a multi-structure, multi-suite asset in central Edmond with strong existing rental income, a newly built detached condo, and long-term upside potential. Please do not disturb tenants.

Property Features

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