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500 W 16 Street, 
Ada, OK 74820

$124,900


3

Beds


2

Baths


1,510

Sq Ft


Single Family

Active

Listed by

Mickala Estabrooks

Sweeney & Associates

580-421-9911

Last updated:

March 15, 2026, 03:06 PM

MLS#

2608089

Source:

OK NORES

About This Home

500 W 16 Street

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.

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1942

Price Summary

124,900

$82 per Sq. Ft.

MLS #:

2608089

Last Updated:

March 15, 2026, 03:06 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

1,510 Sq. Ft.


Structure

Structure

Building Area:

1,510 Sq. Ft.

Year Built:

1942


Lot

Lot Size (Sq. Ft):

7,013


Finances & Disclosures

Finances

Price:

$124,900

Price per Sq. Ft:

$82 per Sq. Ft.

Source:OK NORES
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.