Updated 3-Bedroom
1627 W Teal Ct, Stillwater, OK 74074
For Sale
Contact for pricing
Two residential units offer three bedrooms and three full baths per side with new flooring throughout.
Property Size3,021 SF
Price / SF$0.66
Days on Market58
Property Features for 1627 W Teal Ct
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
REAL ESTATE PROFESSIONALS
(405) 372-5151
Listed By:
Lori Kastl · License OK #147002
(405) 880-2844
Source:
Exprealty
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 8 at 8:34AM
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 REAL ESTATE PROFESSIONALS
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, with each side configured as a three-bedroom, three-full-bath residence. The units feature new flooring and have been updated, providing a refreshed interior configuration for residential rental use. The property totals 3,021 square feet.
Located at 1627 W Teal Ct in Stillwater, Oklahoma, the property is available for rental use.
Located at 1627 W Teal Ct in Stillwater, Oklahoma, the property is available for rental use.
Key Highlights
- Two‑unit duplex configuration
- Each side includes 3 bedrooms and 3 full baths
- New flooring in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,544
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,880
$430.9K
Cap Rate 7%
$307,771
$307.8K
Cap Rate 9%
$239,378
$239.4K
Market Conditions
NOI Build-Up for 3,021 SF
Gross rent
$43.9K $14.52/SF
− Vacancy
−$4.7K −$1.55/SF
EGI
$39.2K $12.97/SF
− OpEx
−$17.6K −$5.83/SF
NOI
$21.5K $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%
$430,880
Cap Rate 7%
$307,771
Cap Rate 9%
$239,378
Alternative Uses
Best Use
Multifamily LT 5
$332.2K
$290.7K – $387.6K
NOI $23,254 @ 7.0% cap
Second Best
Apartment 5plus
$307.8K
$269.3K – $359.1K
NOI $21,544 @ 7.0% cap
Theoretical Best
Office A
$742.9K
$650.0K – $866.7K
NOI $52,003 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three bedrooms and three full baths per side with new flooring throughout.
Where is this duplex located?
The property is located at 1627 W Teal Ct Stillwater, OK.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each side includes 3 bedrooms and 3 full baths; New flooring in both units
