3-Bedroom Bungalow in Bartlesville With Investor Potential

A Classic Bungalow With Opportunity to Create Value

For investors, renovation buyers, and homeowners with a vision, this three-bedroom bungalow in Bartlesville presents an opportunity to acquire a property with a practical layout, established neighborhood setting, and plenty of room for improvement.

The home offers approximately 1,080 square feet of living space, three bedrooms, one full bathroom, and a covered front porch. Built in 1952, the property has the character and proportions commonly associated with traditional mid-century bungalow homes, while its existing condition provides an opportunity for a new owner to make improvements according to their goals.

Located within the Bartlesville school district, the property is positioned in an established residential area and sits on approximately 6,229 square feet of land. Public water and public sewer are available, while the home features a crawl-space foundation, wood-framed construction, HardiePlank-type siding, and an asphalt/fiberglass roof.

The property is identified as Real Estate Owned, making it especially relevant to buyers who regularly evaluate REO and investment opportunities.

A Property Designed for an Investor’s Vision

The phrase “investor special” often means that the greatest opportunity is not necessarily in the property’s current appearance, but in what it could become.

This bungalow provides a straightforward foundation: three bedrooms, one bathroom, approximately 1,080 square feet, a manageable lot, and a traditional one-story configuration.

For an experienced investor, a property with this basic footprint can offer several potential strategies. Depending on the property’s condition, local regulations, financing options, renovation costs, and market conditions, a buyer could consider a renovation and resale, long-term rental, owner-occupancy strategy, or gradual improvement project.

The most important step is determining the actual cost of bringing the property to the desired standard.

Investors should evaluate the roof, foundation, plumbing, electrical systems, HVAC requirements, flooring, kitchen, bathroom, windows, exterior materials, and other major components before establishing a renovation budget.

Three-Bedroom Layout

The home includes three bedrooms and one full bathroom, making the floor plan suitable for a variety of potential occupants.

A three-bedroom configuration is often attractive to families, roommates, rental tenants, and buyers who need a dedicated office or flexible room.

The approximately 1,080-square-foot size is also relatively manageable. Rather than maintaining a very large home, an owner could focus renovation resources on the areas that provide the greatest functional and aesthetic impact.

The one-story design eliminates the need to navigate multiple levels, while the crawl-space foundation provides access beneath the home for inspection and potential maintenance.

As with any property requiring evaluation, buyers should have qualified professionals inspect the structure and major systems before making assumptions about the condition or renovation requirements.

Covered Front Porch

One of the home’s most noticeable exterior features is its covered front porch.

A front porch can add character to a bungalow while also providing a practical outdoor space for seating, seasonal decoration, or simply enjoying the neighborhood surroundings.

For a future renovation, the porch could become an important part of the home’s curb appeal.

A refreshed porch, updated exterior lighting, attractive landscaping, and an improved entryway can make a substantial difference in how a property is perceived from the street.

For an investor preparing a property for resale or rental, curb appeal can be an important part of the overall renovation strategy.

Established Bartlesville Location

The property is located in Bartlesville, Oklahoma, an established community with a mix of residential neighborhoods, businesses, schools, employment opportunities, shopping, restaurants, parks, and other everyday amenities.

For buyers interested in real estate investment, location is one of the most important factors to consider.

A property does not need to be new construction to have potential. An older home in an established neighborhood can benefit from existing infrastructure and surrounding development.

This bungalow is located within the Bartlesville school district, adding another consideration for buyers evaluating the property from a residential perspective.

Potential purchasers should independently verify school boundaries and current enrollment information because school assignments can change.

Approximately 1,080 Square Feet of Living Space

The home contains approximately 1,080 square feet of interior living area.

This size provides enough room for a practical three-bedroom residence without creating an excessive amount of interior space to maintain.

For an investor, a compact floor plan can sometimes provide an opportunity to concentrate renovation dollars on high-impact areas.

For example, a renovation strategy could potentially prioritize the kitchen, bathroom, flooring, paint, lighting, doors, trim, exterior appearance, and mechanical systems.

The exact renovation priorities will depend entirely on the property’s current condition and the buyer’s intended use.

Potential Kitchen Improvements

The listing identifies laminate countertops and an existing kitchen area, although the available information does not provide extensive details about the current kitchen condition.

For a renovation buyer, this creates an opportunity to evaluate the kitchen and determine whether cosmetic improvements or a more substantial remodel would make sense.

A refreshed kitchen might include updated countertops, cabinets, hardware, lighting, flooring, and appliances.

The goal for an investor should generally be to balance improvements with the surrounding market rather than over-improve the property beyond what buyers or tenants are likely to support.

A well-planned kitchen renovation can improve functionality while also helping a property feel more contemporary.

Bathroom Renovation Potential

The home contains one full bathroom.

Because the property has three bedrooms, the bathroom represents an important functional area.

Depending on its current condition, an investor could evaluate improvements such as flooring, vanity, fixtures, lighting, storage, shower or bathtub finishes, and ventilation.

A bathroom does not necessarily need to be oversized to feel modern and comfortable. Thoughtful design can make efficient use of limited space.

Again, buyers should inspect the existing plumbing, water supply, drainage, and other components before determining the scope of work.

Flooring and Interior Finishes

The listing indicates laminate counters and other existing flooring, along with wood-framed windows.

The interior finishes provide another opportunity for personalization.

A future renovation could potentially involve new flooring, interior paint, updated trim, improved lighting, and refreshed doors and hardware.

Neutral finishes can create a clean foundation for future occupants while allowing buyers to add personality through furniture and décor.

For rental investors, durable and easy-to-maintain materials may be especially important.

For resale investors, the objective may be to create an appealing finished product that matches buyer expectations in the local market.

Crawl-Space Foundation

The property has a crawl-space foundation.

Crawl spaces are common in many older residential properties and provide access beneath the structure.

However, investors should pay particular attention to crawl-space conditions when evaluating an older home.

A professional inspection may identify issues involving moisture, drainage, ventilation, insulation, plumbing, wiring, structural components, or pest activity.

Understanding the condition of the crawl space can be an important part of establishing a realistic renovation budget.

Potential buyers should not rely solely on listing information when evaluating structural or mechanical conditions.

Exterior Construction

The home was built in 1952 and features a wood-frame construction system with HardiePlank-type siding.

The roof is listed as asphalt/fiberglass.

These materials are familiar in residential construction and can provide a practical foundation for exterior improvements.

An investor may want to evaluate the siding, roof, gutters, windows, doors, porch, foundation, and drainage around the home.

Exterior maintenance can have a major influence on both long-term durability and curb appeal.

A simple combination of exterior cleaning, landscaping, paint or siding maintenance, updated lighting, and porch improvements can potentially make a substantial visual difference.

Privacy Fencing

The property includes privacy fencing.

Fencing can be a useful feature for homeowners and tenants because it can define the yard and provide a greater sense of separation from surrounding properties.

Depending on its condition, the fence could potentially be repaired, cleaned, stained, painted, or replaced as part of a broader renovation plan.

For buyers considering the property as a rental, a private yard can also be an attractive feature for certain tenants.

Approximately 6,229 Square Feet of Land

The property sits on approximately 6,229 square feet of land.

The lot is large enough to provide a defined residential yard while remaining relatively manageable from a maintenance perspective.

A future owner could potentially improve the outdoor environment through landscaping, lawn care, garden beds, patio improvements, seating areas, or other permitted features.

The lot should be evaluated for drainage, grading, utility locations, property boundaries, and any local restrictions before undertaking improvements.

Public Water and Public Sewer

The property is connected to public water and public sewer.

For a residential investor, access to public utilities can simplify property management compared with homes dependent on private wells and septic systems.

Nevertheless, buyers should verify the current status of all utility connections and confirm whether any outstanding utility balances, service issues, or connection requirements exist.

A professional inspection of the home’s plumbing and electrical systems is also advisable.

Real Estate Owned Property

The listing identifies the home as Real Estate Owned, commonly referred to as an REO property.

REO properties can attract investors because they may present opportunities to acquire homes requiring improvement and reposition them for resale or rental use.

However, REO transactions can have specific procedures and requirements.

Prospective buyers should carefully review all disclosures, purchase conditions, inspection opportunities, title information, financing requirements, and transaction deadlines.

The listing’s terms should always be considered alongside the buyer’s own professional due diligence.

Potential Rental Property

A three-bedroom, one-bath bungalow could potentially appeal to the local rental market.

The property has several characteristics that may be relevant to rental investors: a manageable size, three bedrooms, one-story living, public utilities, a residential lot, privacy fencing, and an established location.

Before purchasing for rental purposes, investors should research comparable rents in the immediate area and determine whether the expected income supports the purchase price and renovation investment.

A realistic rental analysis should account for more than monthly rent.

Investors should consider property taxes, insurance, maintenance, vacancy, management expenses, utilities paid by the owner, capital expenditures, financing costs, and unexpected repairs.

Potential Fix-and-Hold Strategy

One possible strategy is a buy-and-hold renovation.

Under this approach, an investor could acquire the property, complete necessary repairs and improvements, and then retain it as a long-term rental.

This strategy may appeal to investors seeking ongoing rental income and potential long-term appreciation.

The success of such a strategy depends on the acquisition price, renovation costs, local rental demand, financing terms, operating expenses, and future market conditions.

Because the property is an older home, a thorough inspection is particularly important before determining whether the numbers work.

Potential Fix-and-Flip Opportunity

Another potential strategy is a renovation and resale.

The home’s approximately 1,080-square-foot size and three-bedroom configuration provide a recognizable residential format.

An investor could potentially focus on modernizing the interior, improving curb appeal, addressing deferred maintenance, and creating a finished product suitable for owner-occupants or other buyers.

However, a successful fix-and-flip requires careful financial planning.

The investor should estimate the acquisition cost, renovation budget, financing expenses, holding costs, closing costs, commissions, taxes, insurance, and anticipated resale value.

The final decision should be based on verified comparable sales and contractor estimates rather than assumptions.

Opportunity for an Owner-Occupant

Although the property is marketed as an investor special, it does not necessarily mean only investors should consider it.

A buyer with renovation experience may prefer purchasing an older property and customizing it over buying a fully renovated home at a higher price.

Someone looking for a first home could potentially transform the bungalow gradually, completing improvements over time according to budget.

The three-bedroom layout provides flexibility for a household, while the one-story design offers convenient living.

Buyers considering owner occupancy should determine whether the property’s current condition is compatible with their financing options and intended move-in timeline.

A Traditional Home With Modern Possibilities

The age of the home gives it a traditional character that can be preserved or reinterpreted.

Built in 1952, the bungalow belongs to an era of residential architecture known for practical layouts and straightforward construction.

A thoughtful renovation does not necessarily require removing all traces of the home’s history.

Instead, a buyer could potentially preserve desirable architectural details while introducing modern materials, fixtures, lighting, appliances, and finishes.

This combination can create a property that feels updated without losing its original identity.

Important Due Diligence for Buyers

Because the listing identifies the property as Real Estate Owned, buyers should approach the purchase with a thorough due diligence process.

Important areas to investigate include:

• Structural condition
• Roof condition
• Crawl-space condition
• Plumbing
• Electrical systems
• Water service
• Sewer connection
• Windows
• Exterior siding
• Foundation
• Heating requirements
• Cooling requirements
• Interior flooring
• Kitchen condition
• Bathroom condition
• Fencing
• Drainage
• Property boundaries
• Zoning
• Taxes and assessments
• Insurance availability
• Financing requirements

A qualified home inspector, contractor, real estate professional, and other appropriate specialists can help the buyer understand the property’s condition and potential costs.

Investment Potential Should Be Based on the Numbers

The phrase “investor special” can be appealing, but experienced investors know that potential must be supported by realistic numbers.

The property’s acquisition cost is only one part of the equation.

Renovation expenses can vary significantly depending on the condition of the structure and mechanical systems.

A buyer should develop a detailed scope of work before deciding how much to invest.

For example, a cosmetic renovation may have a very different budget from a project requiring electrical, plumbing, structural, roofing, HVAC, and foundation work.

The best investment opportunities are often those where the buyer understands both the upside and the risks.

Why Bartlesville Matters

Bartlesville provides an established Oklahoma setting with residential neighborhoods, employment opportunities, education, retail, dining, recreation, and community services.

For a real estate investor, established communities can offer advantages because housing demand may come from multiple segments rather than from a single new development.

The property’s location within the Bartlesville school district adds another factor that residential buyers may consider.

Potential buyers should independently research the immediate neighborhood, recent sales, rental rates, crime statistics, school information, planned infrastructure projects, and other local market indicators.

Final Thoughts

This three-bedroom, one-bath bungalow in Bartlesville represents a property where the opportunity may be found in its potential rather than in a turnkey presentation.

With approximately 1,080 square feet, a one-story layout, a covered front porch, privacy fencing, public water, public sewer, a crawl-space foundation, and a lot of approximately 6,229 square feet, the home provides a straightforward residential footprint.

Its 1952 construction gives the property an established character, while the current condition creates an opportunity for an investor or renovation-minded buyer to determine its next chapter.

For an investor, possible strategies could include renovation and resale, long-term rental, or owner-occupancy with improvements over time. For a homeowner, the property could provide an opportunity to create a personalized residence in the Bartlesville area.

The key is careful evaluation.

Before making a purchase decision, prospective buyers should inspect the property, determine the actual condition of the major systems, obtain contractor estimates where appropriate, verify utility information, research comparable properties, and calculate the complete acquisition and renovation costs.

For the right buyer, this may be more than an older bungalow. It could be the starting point for a profitable renovation, a future rental asset, or a personalized home with renewed curb appeal and modern functionality.

Property information should be independently verified by prospective buyers. Renovation costs, permitted uses, property condition, financing eligibility, rental income, and future resale value are not guaranteed and should be evaluated through appropriate professional due diligence.

Listed on Zillow