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    1516 N Monroe St Stillwater, OK 74075

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    For Sale
    $6,250,000

    62-unit student housing near Oklahoma State University. Fully leased.

    Property size:
    44,554 SF

    Property Features for 1516 N Monroe St

    General Information

    Size
    44,554 SF

    Source: Matthew Snyder Agent Matthew Snyder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Student Housing Portfolio

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Stillwater
    County
    Payne
    State
    Oklahoma
    Longitude
    -97.0719467
    Latitude
    36.1374597

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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 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.
    (513) 633-2926
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    1516 N Monroe St Stillwater, OK 74075
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    Stillwater, OK 74075
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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
    1516 N Monroe St Stillwater, OK 74075
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