607 S Willis Street Stillwater, OK 74074
MULTI_FAMILY - Modern - Stillwater, OK
Property Features for 607 S Willis Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
- Parking
- 2
- Appliances
- Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 607SWillis607&60974074
- Size
- 1,847 SF
- Lot size
- 0.24 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1966
- Floors in Building
- 1
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Modern
Listing agent LaMoyne Hardin (405) 740-4900
Listing office C21/Judge Fite Guthrie 110 S Division, Edmond, OK (405) 282-7000
Listing date Jul 13, 2026
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Investment Insights
Based on property information with market context.
The duplex configuration provides a shared backyard and a shared covered two-car garage. The property is described as freshly remodeled on one unit and exceptionally well maintained on the other.
With both units designed as separate rental layouts, the property is a residential income offering with current occupancy and consistent utility across the shared outdoor and garage areas.
Key Highlights
- Fully‑leased duplex in Stillwater (609 S Willis and 607 S Willis) sold together as one property
- Units mix: 609 S Willis is a 1‑bedroom, 1‑bath; 607 S Willis is a 2‑bedroom, 1‑bath
- Shared covered two‑car garage and shared backyard for both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $12.24 |
| − Vacancy | −$2.3k | −$1.24 |
| EGI | $20.3k | $11.00 |
| − OpEx | −$6.1k | −$3.30 |
| NOI | $14.2k | $7.70 |
