Updated Duplex with Separate
For Sale
$359,999
1805 S Hillside St, Stillwater, OK 74074
Two private backyards and leases in place support the property’s existing rental operation.
Property Size2,796 SF
Price / SF$128.76
Days on Market31
Property Features for 1805 S Hillside St
General Information
Standard status
Active
Size
2,796 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$36,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,740
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
One Broker Place
(405) 533-3800
Listed By:
Jacob Green · License #202565
(405) 612-2923
Source:
Exprealty
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 30 at 8:17PM
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 One Broker Place
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Investment Insights
Based on property information with market context.
This 2,796-square-foot duplex has two units, each with its own driveway and a private backyard. Recent work includes fresh interior paint in both units, LVP flooring in one, carpet in the other, new dishwashers, a roof approximately two years old, and replacement of portions of the backyard fencing.
One unit is leased through July 31, 2027, and the other has a signed lease at $1,400 per month. Combined gross rents are $3,000 per month. The property is at 1805 S Hillside St in Stillwater, near Meridian, Walmart, shopping, dining, and everyday amenities, with access to major roads and a route toward Oklahoma City.
One unit is leased through July 31, 2027, and the other has a signed lease at $1,400 per month. Combined gross rents are $3,000 per month. The property is at 1805 S Hillside St in Stillwater, near Meridian, Walmart, shopping, dining, and everyday amenities, with access to major roads and a route toward Oklahoma City.
Key Highlights
- 2,796‑square‑foot duplex with two units
- Separate driveway and private backyard for each unit
- One lease runs through July 31, 2027; the other unit has a signed lease at $1,400 per month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,522
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,440
$430.4K
Cap Rate 7%
$307,457
$307.5K
Cap Rate 9%
$239,133
$239.1K
Market Conditions
NOI Build-Up for 2,796 SF
Gross rent
$34.2K $12.24/SF
− Vacancy
−$3.5K −$1.24/SF
EGI
$30.7K $11.00/SF
− OpEx
−$9.2K −$3.30/SF
NOI
$21.5K $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%
$430,440
Cap Rate 7%
$307,457
Cap Rate 9%
$239,133
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.0K – $358.7K
NOI $21,522 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$687.6K
$601.6K – $802.2K
NOI $48,130 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
48
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two private backyards and leases in place support the property’s existing rental operation.
Where is this duplex located?
The property is located at 1805 S Hillside St Stillwater, OK.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: 2,796‑square‑foot duplex with two units; Separate driveway and private backyard for each unit; One lease runs through July 31, 2027; the other unit has a signed lease at $1,400 per month
