New
For Sale
$329,000
1617-1619 W Teal Court, Stillwater, OK 74074
Built in 2006, the property has central air and forced-air heating.
Property Size3,021 SF
Price / SF$108.90
Days on Market7
Property Features for 1617-1619 W Teal Court
General Information
Standard status
Active
Size
3,021 SF
Property subtype
Residential Income
Zoning
2 Multi-Family Stw
Taxes and HOA fees
Annual Taxes
$3,310
Amenities
Central Air
Forced Air
Dishwasher, Disposal, Microwave, Range, Refrigerator
Attached
Building Details
Building Size
3,021 SF
Year Built
2006
Listing Agency:
RE/MAX Signature
Listed By:
Beth Peterson · License #145643
(405) 880-4370
Source:
Evrealestate
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 15 at 2:15AM
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 RE/MAX Signature
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 1617-1619 W Teal Court in Stillwater was built in 2006. Interior features include central air, forced-air heating, and a kitchen equipped with a dishwasher, disposal, microwave, range, and refrigerator.
The property is in Payne County and has the zoning designation 2 Multi-Family Stw.
The property is in Payne County and has the zoning designation 2 Multi-Family Stw.
Key Highlights
- Duplex property built in 2006
- Zoning designation: 2 Multi‑Family Stw
- Central air and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,254
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,080
$465.1K
Cap Rate 7%
$332,200
$332.2K
Cap Rate 9%
$258,378
$258.4K
Market Conditions
NOI Build-Up for 3,021 SF
Gross rent
$37.0K $12.24/SF
− Vacancy
−$3.8K −$1.24/SF
EGI
$33.2K $11.00/SF
− OpEx
−$10.0K −$3.30/SF
NOI
$23.3K $7.70/SF
Area
Payne County, OK
Vacancy
10.16%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,080
Cap Rate 7%
$332,200
Cap Rate 9%
$258,378
Alternative Uses
Best Use
Multifamily LT 5
$332.2K
$290.7K – $387.6K
NOI $23,254 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$307.8K
$269.3K – $359.1K
NOI $21,544 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$742.9K
$650.0K – $866.7K
NOI $52,003 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2006, the property has central air and forced-air heating.
Where is this duplex located?
The property is located at 1617-1619 W Teal Court Stillwater, OK.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Duplex property built in 2006; Zoning designation: 2 Multi‑Family Stw; Central air and forced‑air heating
