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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.

Property Facts

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 -
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
600011821
Land Assessment
$11,407
Improvements Assessment
$119,381
Total Assessment
$130,788
  • Listing ID: 40061060

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 701 W Highpoint Dr, Stillwater, OK 74075

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