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Investment Highlights
- Recently renovated
- Immediate cash flow
- Prime location
Executive Summary
Premier Investment Opportunity – Fully Renovated Condominium Portfolio. Welcome to 701 Highpoint Drive—an exceptional, turnkey investment opportunity in one of Stillwater’s most desirable and high-demand locations. If your investment portfolio is lacking, this property delivers immediate performance and long-term potential. This impressive offering includes three buildings totaling 24 fully remodeled condominium units, each featuring 2 bedrooms and 1 full bath with a modern, open-concept kitchen and dining layout designed for today’s lifestyle. Completely renovated in late 2025, every unit showcases high-quality, contemporary upgrades including: Brand-new windows and HVAC systems. Durable LVT flooring throughout
Updated appliances, cabinetry, and stunning quartz countertops. Innovative, space-saving features such as 2-in-1 sink/dishwasher units and all-in-one washer/dryer combos. These thoughtful enhancements create a sleek, efficient living space while minimizing maintenance and maximizing tenant appeal. The property boasts a clean, modern aesthetic from top to bottom, offering peace of mind with essentially “like-new” construction throughout. Location is unmatched—just minutes (approximately 3 blocks) from Oklahoma State University, Stillwater High School, shopping, dining, and a scenic walking path to Boomer Lake, ensuring consistent rental demand. Investment Highlights: 24 Units at $1,500/month = Strong income potential.
Recently completed renovation (December 2025). Already 93% occupied. Individually metered utilities (electric & gas paid by tenants). Owner pays water. Flexible covenants allowing Airbnb and short-term rentals. With immediate cash flow, modern upgrades, and a prime location, 701 Highpoint Drive is a rare opportunity to acquire a stabilized, high-performing asset in the thriving Stillwater market.
Updated appliances, cabinetry, and stunning quartz countertops. Innovative, space-saving features such as 2-in-1 sink/dishwasher units and all-in-one washer/dryer combos. These thoughtful enhancements create a sleek, efficient living space while minimizing maintenance and maximizing tenant appeal. The property boasts a clean, modern aesthetic from top to bottom, offering peace of mind with essentially “like-new” construction throughout. Location is unmatched—just minutes (approximately 3 blocks) from Oklahoma State University, Stillwater High School, shopping, dining, and a scenic walking path to Boomer Lake, ensuring consistent rental demand. Investment Highlights: 24 Units at $1,500/month = Strong income potential.
Recently completed renovation (December 2025). Already 93% occupied. Individually metered utilities (electric & gas paid by tenants). Owner pays water. Flexible covenants allowing Airbnb and short-term rentals. With immediate cash flow, modern upgrades, and a prime location, 701 Highpoint Drive is a rare opportunity to acquire a stabilized, high-performing asset in the thriving Stillwater market.
Property Facts
| Price | $5,400,000 | Lot Size | 0.97 AC |
| Price Per Unit | $225,000 | Building Size | 22,218 SF |
| Sale Type | Investment | Average Occupancy | 93% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $5,400,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 22,218 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2025 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | $1,500 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 600011821 | Improvements Assessment | $119,381 |
| Land Assessment | $11,407 | Total Assessment | $130,788 |
Property Taxes
Parcel Number
600011821
Land Assessment
$11,407
Improvements Assessment
$119,381
Total Assessment
$130,788
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701 W Highpoint Dr
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