Residential Income Property with Attached
For Sale
$318,000
1605 W 21st, Stillwater, OK 74074
Two Family Stw zoning and an attached garage are among the property’s practical features.
Property Size2,425 SF
Price / SF$131.13
Days on Market9
Property Features for 1605 W 21st
General Information
Standard status
Active
Size
2,425 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
2,425 SF
Year Built
2001
Listed By:
Audrey Bryant
(405) 742-8168
Source:
Evrealestate
Added: Sep 28
Changed: Oct 5
Last Checked: Oct 5 at 6:21PM
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.
Built in 2001, this 2,425-square-foot residential income property includes central air, forced-air heating, and an attached garage with a door opener. The kitchen is equipped with a dishwasher, disposal, microwave, range, and refrigerator.
The property is at the corner of 21st Avenue and Bluestone Street in Stillwater. Its zoning is identified as Two Family Stw.
The property is at the corner of 21st Avenue and Bluestone Street in Stillwater. Its zoning is identified as Two Family Stw.
Key Highlights
- 2,425‑square‑foot residential income property
- Two Family Stw zoning
- Built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,294
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,880
$345.9K
Cap Rate 7%
$247,057
$247.1K
Cap Rate 9%
$192,156
$192.2K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$35.2K $14.52/SF
− Vacancy
−$3.8K −$1.55/SF
EGI
$31.4K $12.97/SF
− OpEx
−$14.1K −$5.83/SF
NOI
$17.3K $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%
$345,880
Cap Rate 7%
$247,057
Cap Rate 9%
$192,156
Alternative Uses
Best Use
Apartment 5plus
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$596.3K
$521.8K – $695.7K
NOI $41,743 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
77
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
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Cap Rate, Value Estimation, Potential NOI and more
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Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two Family Stw zoning and an attached garage are among the property’s practical features.
Where is this residential income property located?
The property is located at 1605 W 21st Stillwater, OK.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: 2,425‑square‑foot residential income property; Two Family Stw zoning; Built in 2001
