Renovated Student Housing
1516 W 4th Ave & 808 N Monroe St Stillwater, OK
1516 W 4th Ave & 808 N Monroe St, Stillwater, OK, 00000
$6,250,000
For Sale
$6,250,000
62-unit student housing near Oklahoma State University. Fully leased.
Property Size44,554 SF
Price / SF$140.28
Days on Market233
Property Features for 1516 W 4th Ave & 808 N Monroe St
General Information
- Standard status
- Active
- Size
- 44,554 SF
- Property subtype
- Multifamily
Listing Agency
Bang Realty
(513) 633-2926
Listed by
Matthew Snyder · License #701472
(513) 633-2926
Source
Lee-associates
Added: Nov 26, 2025 Checked: Jul 16 at 4:31 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
The Village & The Tower is a 62-unit, 105-bed student housing community serving Oklahoma State University in Stillwater, Oklahoma. The portfolio, with a property size of 44554 square feet, was comprehensively renovated between 2019 and 2020, providing modern unit finishes and upgraded community infrastructure. The unit mix includes 21 one-bedroom/one-bath units, 40 two-bedroom/one-bath units, and 1 four-bedroom/two-bath unit, offering a diverse range of options for students. The property has demonstrated consistent leasing performance, with 100% occupancy for the 2024–25 academic year and 100% pre-leased for 2025–26. Its proximity to OSU’s core campus and athletic facilities positions the asset as a reliable performer in the Stillwater student housing market.
Key Highlights
- 100% occupancy for the 2024–25 academic year and 100% pre‑leased for 2025–26.
- Recently renovated (2019‑2020) with modern unit finishes and upgraded community infrastructure.
- Located near Oklahoma State University's core campus and athletic facilities.
Local Financial Insights For Apartment 5plus
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 | $646.9k | $14.52 |
| − Vacancy | −$69.2k | −$1.55 |
| EGI | $577.7k | $12.97 |
| − OpEx | −$260.0k | −$5.83 |
| NOI | $317.7k | $7.13 |
44,554 SF · lease $14.52/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.54M
$3.97M – $5.30M
NOI $317,737 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.96M
$9.59M – $12.78M
NOI $766,942 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 62-unit student housing near Oklahoma State University. Fully leased.
Where is this apartment building located?
The property is located at 1516 W 4th Ave & 808 N Monroe St Stillwater, OK.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 100% occupancy for the 2024–25 academic year and 100% pre‑leased for 2025–26.; Recently renovated (2019‑2020) with modern unit finishes and upgraded community infrastructure.; Located near Oklahoma State University's core campus and athletic facilities.
