Residential Income Property with
For Sale
$310,200
1602-1606 W 22nd Avenue, Stillwater, OK 74074
Central air and forced-air heating complement an attached garage and a full suite of kitchen appliances.
Property Size2,257 SF
Price / SF$137.44
Days on Market9
Property Features for 1602-1606 W 22nd Avenue
General Information
Standard status
Active
Size
2,257 SF
Property subtype
Residential Income
Zoning
Two Family Stw
Taxes and HOA fees
Annual Taxes
$3,212
Amenities
Central Air
Forced Air
Dishwasher, Disposal, Microwave, Range, Refrigerator
Garage Door Opener, Attached
Building Details
Building Size
2,257 SF
Year Built
1999
Listed By:
Audrey Bryant
(405) 742-8168
Source:
Evrealestate
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 5 at 5:39PM
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 Audrey Bryant
Investment Insights
Based on property information with market context.
The residential income property at 1602-1606 W 22nd Avenue in Stillwater, Oklahoma, contains 2,257 square feet and was built in 1999. Its features include an attached garage, central air, and forced-air heating. The kitchen is equipped with a dishwasher, disposal, microwave, range, and refrigerator. Zoning is listed as Two Family Stw.
Key Highlights
- 2,257 square feet of property space
- Built in 1999
- Attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,096
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,920
$321.9K
Cap Rate 7%
$229,943
$229.9K
Cap Rate 9%
$178,844
$178.8K
Market Conditions
NOI Build-Up for 2,257 SF
Gross rent
$32.8K $14.52/SF
− Vacancy
−$3.5K −$1.55/SF
EGI
$29.3K $12.97/SF
− OpEx
−$13.2K −$5.83/SF
NOI
$16.1K $7.13/SF
Area
Payne County, OK
Vacancy
10.70%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,920
Cap Rate 7%
$229,943
Cap Rate 9%
$178,844
Alternative Uses
Best Use
Apartment 5plus
$229.9K
$201.2K – $268.3K
NOI $16,096 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$555.0K
$485.6K – $647.5K
NOI $38,851 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 74074, OK
32,326
Population
14,328
Households
2.3
Avg Household Size
29
Median Age
51%
College-Educated
96%
High-School Grad
127.4 sq mi
ZIP Area
254
Density / Sq Mi
$50,245
Median Household Income
$26,971
Median Earnings
$965
Median Rent
$247,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Central air and forced-air heating complement an attached garage and a full suite of kitchen appliances.
Where is this residential income property located?
The property is located at 1602-1606 W 22nd Avenue Stillwater, OK.
What is the asking price?
The asking price for this property is $310,200.
What are key features of this property?
This property features: 2,257 square feet of property space; Built in 1999; Attached garage
