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Renovated Student Housing Portfolio

1516 W 4th Ave & 808 N Monroe St, Stillwater, OK

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For Sale

$6,250,000

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

Type:Multifamily

Property size:

44,554 SF

Price / SF:

$140/SF

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.
62‑unit, 105‑bed student housing community.
Diverse unit mix: one‑bedroom, two‑bedroom, and four‑bedroom layouts.
Consistent leasing performance and strong historical occupancy.

We can help!

Contact an agent

Matthew Snyder

Learn more

For Sale

$6,250,000

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

Type:Multifamily

Property size:

44,554 SF

Price / SF:

$140/SF

Added:: Nov 26, 2025
Days on Market:: 222
Last Refresh:: May 9 at 4:04 am

Property Features for 1516 W 4th Ave & 808 N Monroe St

General Information

Standard status: Active
Size: 44,554 SF
Property subtype: Multifamily

We can help!

Contact an agent

Matthew Snyder

Listing office Bang Realty

Listing date Nov 26, 2025

Source Lee-associates

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

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.
62‑unit, 105‑bed student housing community.
Diverse unit mix: one‑bedroom, two‑bedroom, and four‑bedroom layouts.
Consistent leasing performance and strong historical occupancy.

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $766,942 @ 7.0% cap · market cap 12.27%

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Stillwater
County: Payne
State: Oklahoma
Longitude: -97.0719
Latitude: 36.1375

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For sale
Apartment buildings
OK
Stillwater
1516 W 4th Ave & 808 N Monroe St

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.