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    1824 Perkins Rd Stillwater, OK 74074

    Sponsored
    For Sale
    $800,000

    14-Unit Complex Near OSU, Strong ROI

    Property size:
    22,504 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional 14-unit multifamily investment property in Stillwater, Oklahoma, presents a lucrative opportunity for savvy investors. Located just minutes from Oklahoma State University's campus, this portfolio boasts a substantial average gross monthly income exceeding $10,000, consistently maintaining over 90% occupancy. The property comprises a 10-unit apartment complex, each unit offering a single bedroom, one bathroom, and a living area. Four of these apartments have undergone recent renovations, featuring fresh paint, new flooring, updated bathroom fixtures, and modern cabinetry. Adding to the portfolio's diversity, a charming two-bedroom, two-bathroom single-family home provides comfortable living space. A duplex, with two one-bedroom, one-bathroom units, is also included, ideal for student or young professional tenants. Finally, another single-family home, featuring two bedrooms and one bathroom, rounds out the offering, suitable for small families or roommates. The property sits on a 1.02-acre lot and totals 22,504 square feet. This well-maintained portfolio, with its strategic location and mix of updated and original units, offers a stable and high-yielding investment opportunity with significant potential for future growth. The property's strong performance history and proximity to OSU make it an attractive investment for those seeking consistent cash flow and long-term appreciation. Priced at $800,000.

    Property Features for 1824 Perkins Rd

    General Information

    Property type
    Investment properties
    Square Feet
    22,504 SF
    Lot Size
    44,431 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stillwater
    County
    Payne
    State
    Oklahoma
    Longitude
    -97.05164
    Latitude
    36.1017

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    FAQs

    What type of property is this?
    Investment property - 14-Unit Complex Near OSU, Strong ROI
    Where is this investment property located?
    The property is located at 1824 Perkins Rd Stillwater, OK.
    What is the asking price?
    The asking price for this property is $800,000.
    (405) 330-0031
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    1824 Perkins Rd Stillwater, OK 74074
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    Stillwater, OK 74074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1824 Perkins Rd Stillwater, OK 74074
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