About This Home

This 4-bedroom, 8-bathroom residential multi family at 501 NW 5th St in Lawton, OK is listed for $199,900. Built in 1952, on a N/A lot.

Key Features

  • Built in 1952

Property Details

1 story
8 full
1952

Amenities

A/C
Listing Description

Welcome to 501 & 505 NW 5th St, a unique opportunity to own two private homes, each with its own address, utilities, and yard space. This property offers privacy, flexibility, and long-term value making it perfect for investors, multi-generational living, or buyers wanting a mortgage-offset rental.

The main home at 501 is spacious at approximately 1,800 sq ft and has seen major improvements in the last few years, including a new heater, new roof, new A/C,and other updates. With 2-3 bedrooms (flex room ideal for office or 3rd bedroom) 1 3/4 baths, a 2-car garage, and a private fenced yard, it's bright, roomy, and move-in ready.

The second home at 505 is a 2-bedroom rental with a new roof within the last 5 years and tenants who have lived here for 13 years. It has its own entrance, its own yard, and completely separate utilities. Market rent potential of $700-$850 for 505. Even though both are on the same city lot, this property offers privacy, flexibility, and dependable income. Contact Tiphanie Murphy to view @

Monthly Cost Estimate

$1,069/mo

20% down · 6.5% · 30 years

Principal$145
Interest$866
Insurance$58

Estimates only. Actual payments may vary.

Location

501 NW 5th St

Lawton, OK 73507-6936

Features & Amenities

Interior Features

Window CoveringCarpetCeiling FansWasher ConnectionDryer ConnectionPantry

Exterior Features

Fence

Property Details

Flooring

Carpet - PartialVinyl

Heating

CentralNatural Gas

Cooling

Central AirElectric

Appliances

RefrigeratorDishwasher

Questions & Answers

This 4-bedroom, 8-bathroom residential multi family at 501 NW 5th St is listed at $199,900. The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1952. Interior Features: Window Covering, Carpet, Ceiling Fans. Exterior Features: Fence.

This property is listed by TIPHANIE MURPHY.

TM

TIPHANIE MURPHY

Agent at Parks Jones Realty Co., Inc.

Listed by Parks Jones Realty Co., Inc. · Broker phone: (580) 357-0842 · View on Broker Site · Broker website

MLS# 171441· Source: Lawton Board of Realtors· 137 days on PropertySimple

Copyright © 2026 Lawton Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

501 NW 5th St, Lawton, OK 73507-6936

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