Motivated seller, make an offer! Great investment opportunity in El Reno. 6 unit apartment building (208 W Watts), 3 bed 2 bath single family home (206 W Watts), and 8000 sf vacant lot at 500 S Choctaw. All sold as a package. 5/7 units are rented, all month to month leases several to long term tenants, with total rents at $2400 ($350 $400, $450 $550 and $650). 6 unit is in solid condition and already cash flowing. It could use some exterior work, but inside is great and rent ready. The single family home at 206 Watts needs more rehab inside and outside. The vacant lot at 500 S Choctaw is a great corner lot that could serve as parking for tenants (not needed now but an option) or additional units could be built on it. Seller is open to any offer so don't be shy. Owner finance is available but terms will not be better than a bank meaning rate will be higher and down payment larger. No set terms as they depend on borrower financials and experience.
Great investment property! Seven total rental units - 5 one-bed apts (rent for $375), 1 efficiency (rents for $325), 1565 sq. ft. house, 3 bed, 2 bath (rents for $700) - - Gross Income should be $2,900 monthly/$34,800 yearly. The house and a couple of the units need some work. A few of the units are currently rented. Please do not disturb tenants.
MLSOK as Distributed by MLS Grid #318180
Jun 2, 2008
Sold
$74,000
$17/sq ft
Feb 14, 2008
Listed
$79,000
$18/sq ft
MLSOK as Distributed by MLS Grid #313985
Feb 13, 2008
Listing Removed
—
Jan 5, 2008
Listed
$115,000
$26/sq ft
MLSOK as Distributed by MLS Grid #270220
Dec 19, 2007
Listing Removed
—
Oct 11, 2006
Listed
$169,000
$38/sq ft
Public Records
Nov 9, 2005
Sold
$89,000
$20/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,138 (+6.1%)
$630 + $20,461
$21,091
2024
$2,016 (+3.3%)
$600 + $19,486
$20,086
2023
$1,952 (+4.6%)
$600 + $18,530
$19,130
2022
$1,867 (−2.4%)
$600 + $17,619
$18,219
2021
$1,912 (+1.3%)
$600 + $16,752
$17,352
2020
$1,888 (−3.5%)
$600 + $16,752
$17,352
2019
$1,956 (+6.1%)
$600 + $16,752
$17,352
2018
$1,844 (−2.0%)
$600 + $16,608
$17,208
2017
$1,881 (+0.9%)
$600 + $15,789
$16,389
2016
$1,864 (+3.7%)
$600 + $15,789
$16,389
2015
$1,798 (+1.0%)
$600 + $15,525
$16,125
2014
$1,781
$600 + $15,065
$15,665
Public record
Public record
Zoning
Beds
5
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
6,250 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,565
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,565
Year built
1920
Style
Single Family Residential
County
Canadian County
APN
090025363
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-2
Combined Residential District
The R-2 Districts encourage similar basic restrictions of the R-1 Districts and permit a quiet, slightly higher population density area for family living protected from all commercial and industrial activity.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
3% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 107° expected this year, 19 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
El Reno, OK • 73036
Average low and high temperatures (°F)
48
25
58
32
73
45
74
54
80
59
89
69
95
74
90
70
87
64
81
57
65
43
55
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.8 hours in
June and 5.8 hours in December, placing it above the
U.S. average for solar exposure.
10.8 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 208 W Watts St
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