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Former Fraternity House 702 S Lahoma Ave 22 Unit Dormitory $3,116,047 CAD ($141,639 CAD/Unit) Norman, OK 73069
INVESTMENT HIGHLIGHTS
- Former Fraternity House with 22 Rooms
- Finished Basement
- Walking distance to OU Campus
- Community Style Restrooms and Showers on each floor
- Full Commercial Kitchen
EXECUTIVE SUMMARY
Situated just off the University of Oklahoma campus, 702 S Lahoma Ave presents a unique opportunity to own a large-scale, purpose-built fraternity house in the heart of Norman. Spanning 10,348 square feet across three stories, the property is currently configured with 22 individual rooms, shared restrooms on each level, a fully finished basement, and a full commercial-grade kitchen ideal for large-scale meal prep and service. Common areas throughout the building offer ample space for gatherings, meetings, and events, while the basement adds versatile space for recreation, storage, or additional programming. The property’s proximity to campus makes it highly walkable and appealing to students, faculty, and Greek organizations alike. With its existing layout and infrastructure, the building is well-positioned for continued use by fraternities or sororities, or for adaptive reuse as group housing, student living, or a private dormitory-style investment.
PROPERTY FACTS
| Price | $3,116,047 CAD | Building Class | C |
| Price Per Unit | $141,639 CAD | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 14,362 SF |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Dormitory | ||
| Zoning | R-1 - Single Family Residential | ||
| Price | $3,116,047 CAD |
| Price Per Unit | $141,639 CAD |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 14,362 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R-1 - Single Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Yard
- Basement
- Deck
- Dining Room
- Pantry
- Patio
- Porch
SITE AMENITIES
- 24 Hour Access
- Media Center/Movie Theatre
- Storage Space
- Multi Use Room
- Sundeck
- Private Bathroom
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | R0023207 | Improvements Assessment | $273,641 CAD |
| Land Assessment | $189,600 CAD | Total Assessment | $463,241 CAD |
PROPERTY TAXES
Parcel Number
R0023207
Land Assessment
$189,600 CAD
Improvements Assessment
$273,641 CAD
Total Assessment
$463,241 CAD
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Former Fraternity House | 702 S Lahoma Ave
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