512 E 16th, Ada, OK 74820
Dan Hays · Pontotoc County
Key Facts
Description
Income-Producing Investment Opportunity! Don't miss this excellent investment property in a great location near East Central University! This property offers multiple income streams and is already generating rental income. The main home features: 3 Bedrooms 2 Bathrooms Currently leased for $900/month In addition, the property includes separate 1 bed, 1 bath living quarters in the back, currently leased for $400/month, bringing the total monthly rental income to $1,300. Investment Highlights: Total rental income of $1,300/month Tenants pay all utilities Separate rear living quarters for additional income Convenient location near East Central University Strong opportunity for investors seeking immediate cash flow Whether you're expanding your rental portfolio or looking for a turnkey investment, this property offers steady income in a desirable location.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1944
Living Area
1,320 sq ft
Lot Size
0.16 acres
Days on Market
18
MLS® Listing#
2623793
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Pool
Laundry
Patio
Fencing
Construction
Roof
Windows
Other Structures
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ada
- High:
- Ada
Financial Details
HOA
None
Annual Taxes
$802
Tax year 2025
Parcel Number
0095-00-012-012-0-000-00
Directions
From Mississippi & Main street, go south on Mississippi, turn right on 16th, house is on the right
Affordability Calculator
$25,980
Estimated monthly payment
$691/mo
Principal $103,920 · Est. interest $144,978 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ada, OK
- $220,000
- Median Listing Price
- 52
- Median Days on Market
- 1,510
- Median Sq Ft
- $132
- Median Price / Sq Ft
- 105
- Active Listings
- This home’s price is 41% below the area median.
- Its price per sq ft is 25% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ada, OK.
Location
Points of Interest in Ada, OK
Showing the Ada area map.
Nearby Schools
Ada Public Schools
School · 0.1 mi away
Hayes Grade Center
Elementary · 0.1 mi away
Willard Elementary School
Secondary · 0.5 mi away
Ada Junior High School
Secondary · 0.6 mi away
Ada City Schools
School · 0.7 mi away
Ada High School
Secondary · 0.9 mi away
Washington Elementary School
Elementary · 0.9 mi away
The Chickasaw Nation
School · 1.9 mi away
Latta Public School
Secondary · 2.3 mi away
Homer Elementary School
Elementary · 2.4 mi away
Monte Vista Academy
School · 2.5 mi away
McCalls Chapel School
School · 4.4 mi away
Byng High School
Secondary · 6.5 mi away
Byng Public Schools
School · 6.5 mi away
Francis Elementary School
Elementary · 7.1 mi away
Vanoss Public Schools
School · 11.2 mi away
McLish Middle School- Stonewall Public School District
Secondary · 11.7 mi away
Stonewall Public Schools
School · 11.7 mi away
Stonewall High School
Secondary · 11.7 mi away
Roff High School
Secondary · 13.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 819 N Oak, Ada, OK | $99,000 | 2 | 1 | 759 |
| 712 W 9th, Ada, OK | $99,900 | 4 | 1 | 972 |
| 1026 S Stockton Street, Ada, OK | $109,000 | 3 | 1 | 1,244 |
| 804 E Gardena, Ada, OK | $109,900 | 2 | 1 | 941 |
| 512 N Francis Street, Ada, OK | $110,000 | 2 | 1 | 790 |
| 1010 S High School, Ada, OK | $114,000 | 2 | 1 | 1,224 |
Moving Cost Estimate
EXIT Agents in Ada
Listing Courtesy: Gray Real Estate Elite, Inc. - 5805592138
Presented by: Julie Taylor