Duplex With Fenced
For Sale
$330,000
1926 W State Ln, Stillwater, OK 74075
Two leased residences offer open layouts, full baths, and private fenced backyards.
Property Size3,018 SF
Price / SF$109.34
Days on Market56
Property Features for 1926 W State Ln
General Information
Standard status
Active
Size
3,018 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,602
Listing Agency:
REAL ESTATE PROFESSIONALS
(405) 372-5151
Listed By:
Ann Morgan · License #176725
(405) 614-9600
Source:
Exprealty
Added: Aug 12
Changed: Oct 4
Last Checked: Oct 5 at 10:26PM
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
Investment Insights
Based on property information with market context.
This 3,018-square-foot duplex contains two residential units, each arranged with 3 bedrooms, 2 full baths, an open layout, and natural light. Both residences include fully fenced backyards, providing defined outdoor space for occupants.
The property is located on a quiet cul-de-sac in University Estates at 1926 W State Ln in Stillwater, Oklahoma. Oklahoma State University, Boomer Lake, and Stillwater Regional Airport are each identified as nearby destinations. Both units are leased through May 2027, supporting continuity of occupancy for the current lease term.
The property is located on a quiet cul-de-sac in University Estates at 1926 W State Ln in Stillwater, Oklahoma. Oklahoma State University, Boomer Lake, and Stillwater Regional Airport are each identified as nearby destinations. Both units are leased through May 2027, supporting continuity of occupancy for the current lease term.
Key Highlights
- 3,018‑square‑foot duplex at 1926 W State Ln, Stillwater, OK
- Each unit includes 3 bedrooms and 2 full baths
- Both residences feature open layouts with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,231
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,620
$464.6K
Cap Rate 7%
$331,871
$331.9K
Cap Rate 9%
$258,122
$258.1K
Market Conditions
NOI Build-Up for 3,018 SF
Gross rent
$36.9K $12.24/SF
− Vacancy
−$3.8K −$1.24/SF
EGI
$33.2K $11.00/SF
− OpEx
−$10.0K −$3.30/SF
NOI
$23.2K $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%
$464,620
Cap Rate 7%
$331,871
Cap Rate 9%
$258,122
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$742.2K
$649.4K – $865.9K
NOI $51,951 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 74075, OK
25,033
Population
12,255
Households
2
Avg Household Size
28
Median Age
50%
College-Educated
95%
High-School Grad
94.8 sq mi
ZIP Area
264
Density / Sq Mi
$45,540
Median Household Income
$23,292
Median Earnings
$933
Median Rent
$220,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences offer open layouts, full baths, and private fenced backyards.
Where is this duplex located?
The property is located at 1926 W State Ln Stillwater, OK.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 3,018‑square‑foot duplex at 1926 W State Ln, Stillwater, OK; Each unit includes 3 bedrooms and 2 full baths; Both residences feature open layouts with natural light
