Investor Opportunity in the Heart of Pawnee, Oklahoma – 408 Cleveland St | $80,000
Investors and visionaries, take note—this spacious 4-bedroom, 2-bathroom home located at 408 Cleveland St in Pawnee, Oklahoma presents a rare opportunity to own a large property with incredible potential at an affordable price point.
Priced at just $80,000, this 2,552 square foot (more or less) residence sits on an expansive lot that spans nearly three full lots, offering room to reimagine, expand, or simply enjoy the extra outdoor space.
Whether you’re looking to flip, rent, or restore a charming older home to its former glory, this property is filled with possibilities.
Spacious Layout with Flexible Living Areas
One of the standout features of this home is its generous size. With over 2,500 square feet of living space, there’s plenty of room to create a comfortable and functional layout that meets today’s lifestyle needs.
Upon entering, you’ll find not just one but multiple living areas. The primary living room offers a central gathering space perfect for entertaining or relaxing. In addition, there is a secondary living space located just off the formal dining room.
This versatile area could easily serve as a home office, playroom, media room, or even a fifth bedroom conversion if desired. For investors, flexibility equals value—and this floor plan delivers.
Large Kitchen with Dining Options
The kitchen is generously sized and provides ample cabinet and counter space. It features a cozy dining nook for casual meals, as well as a formal dining room nearby for hosting family dinners or holiday gatherings. The layout provides a great foundation for modernization, whether through updated cabinetry, new countertops, or upgraded appliances.
Just off the kitchen is a large indoor utility room. This space could continue to function as a laundry area or be transformed into a walk-in pantry, mudroom, or expanded storage area. Its size and location add to the home’s functional appeal.
Four Bedrooms with Practical Layout
The home features four bedrooms and two full bathrooms, offering an ideal setup for families or long-term tenants.
Downstairs: One bedroom and a full bathroom are conveniently located on the main floor. The downstairs bedroom includes an attached bathroom, making it ideal as a primary suite, guest quarters, or even a private rental space.
Upstairs: Three additional bedrooms and another full bathroom are located upstairs. This separation of living space allows for privacy and makes the layout well-suited for families with children or roommates.
With thoughtful updates and cosmetic improvements, these bedrooms can easily be transformed into comfortable, inviting spaces.
Expansive Yard with Detached Garage
Situated on nearly three lots, the outdoor space is one of the property’s most compelling features. Large yards are increasingly hard to find, and this one offers tremendous potential. Whether you envision adding a workshop, installing a garden, creating outdoor entertainment areas, or simply enjoying wide-open space, the possibilities are endless.
In addition to the yard, there is a detached garage with one parking space. This structure could serve as covered parking, additional storage, or even be converted into a workspace for hobbies or small business use.
Character and Charm Await Restoration
Described as a “fixer-upper,” this home is ideal for buyers who see value beyond surface-level wear and tear. While it may require updates and repairs, properties like this often contain architectural charm and solid bones that are hard to replicate in newer builds.
From original woodwork possibilities to spacious room sizes uncommon in modern construction, there’s an opportunity here to blend character with contemporary updates. Investors who specialize in light-to-moderate rehabs will appreciate the chance to build equity through thoughtful renovations.
Investment Potential in Pawnee
Located in Pawnee, a quiet and established Oklahoma community, this property offers small-town appeal with manageable competition in the real estate market. Affordable acquisition costs make it attractive for:
Fix-and-flip investors
Buy-and-hold rental investors
First-time investors looking for entry-level pricing
Homeowners seeking sweat-equity opportunities
With four bedrooms and over 2,500 square feet, the after-repair value could significantly exceed the current asking price, depending on the scope and quality of renovations.
Property Highlights at a Glance
Price: $80,000
Location: 408 Cleveland St, Pawnee, OK 74058
Square Footage: 2,552 sq ft (mol)
Bedrooms: 4
Bathrooms: 2 (Full)
Garage: 1-car detached
Lot Size: Nearly three lots
Multiple Living Areas
Formal and Informal Dining Spaces
Indoor Utility Room
Vision Creates Value
At $80,000, this property presents an affordable pathway to homeownership or investment in Pawnee. While it does require work, that’s precisely where the opportunity lies. With the right updates—flooring, paint, kitchen and bath improvements, and exterior enhancements—this home could be transformed into a standout property in the neighborhood.
For those willing to put in the effort, this residence offers strong upside potential, flexible living spaces, and a generous lot size that’s increasingly rare at this price point.
If you’re an investor searching for your next project or a buyer ready to restore a home with charm and character, 408 Cleveland St deserves a closer look. Opportunities at this price, with this much square footage and land, don’t come around often.
FROM ZILLOW