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101-105 E 32nd Ave 3 Unit Apartment Building $975,000 ($325,000/Unit) 8.11% Cap Rate Stillwater, OK 74074
Investment Highlights
- 100% occupied
- instant income
Executive Summary
101 E. 32nd Street presents a unique investment opportunity in Stillwater, Oklahoma. The property consists of three well maintained homes designed to appeal to the area’s strong student housing market, including two 5-bedroom, 2.5-bath units and one 6-bedroom, 2.5-bath units. Each unit features spacious common living areas, generous backyard space, and is fully leased, providing immediate cash flow. In addition to the existing improvements, the property includes a sizeable tract of land behind the homes that offers future development potential, subject to buyer verification. Located just five minutes from downtown Stillwater and approximately eight minutes from Oklahoma State University, the property combines a quiet residential setting with convenient access to campus and local amenities. Financial information and rent
roll are available upon request.
100% Leased
Open Floor Plans
Development Potential
Immediate Cashflow
roll are available upon request.
100% Leased
Open Floor Plans
Development Potential
Immediate Cashflow
Property Facts
| Price | $975,000 | Building Class | C |
| Price Per Unit | $325,000 | Lot Size | 2.29 AC |
| Sale Type | Investment | Building Size | 8,076 SF |
| Cap Rate | 8.11% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2002 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | RSS | ||
| Price | $975,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 8.11% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 2.29 AC |
| Building Size | 8,076 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2002 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | RSS |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Tub/Shower
Site Amenities
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 3 | - | 2,672 - 2,702 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 600003850 | Improvements Assessment | $49,001 |
| Land Assessment | $4,864 | Total Assessment | $53,865 |
Property Taxes
Parcel Number
600003850
Land Assessment
$4,864
Improvements Assessment
$49,001
Total Assessment
$53,865
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