Two-Story Duplex with Modern
For Sale
$395,000
3020-3022 E 4th Avenue, Stillwater, OK 74074
Built in 2021, the property combines low-maintenance construction with updated interiors and proximity to Oklahoma State University.
Property Size2,487 SF
Price / SF$158.83
Days on Market11
Property Features for 3020-3022 E 4th Avenue
General Information
Standard status
Active
Size
2,487 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,301
Building Details
Year Built
2021
Buildings
1
Stories
2
Listing Agency:
Look Properties, LLC
(918) 694-1008
Listed By:
Hayleigh Abbott · License #205513
(918) 694-1008
Source:
Exprealty
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 21 at 11:57AM
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 Look Properties, LLC
Investment Insights
Based on property information with market context.
This 2,487-square-foot duplex at 3020-3022 E 4th Avenue features a two-story configuration and construction completed in 2021. Interior improvements include luxury vinyl plank flooring, granite countertops, stainless steel appliances, and an open layout. The building’s durable finishes support a low-maintenance ownership profile.
The property is approximately 8 minutes from Oklahoma State University and positioned just off 6th Avenue, providing access to campus, shopping, dining, and daily services. Both sides are fully occupied, and the duplex has an established rental history.
The property is approximately 8 minutes from Oklahoma State University and positioned just off 6th Avenue, providing access to campus, shopping, dining, and daily services. Both sides are fully occupied, and the duplex has an established rental history.
Key Highlights
- 2,487‑square‑foot duplex at 3020‑3022 E 4th Avenue
- Two‑story configuration built in 2021
- Luxury vinyl plank flooring, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,144
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,880
$382.9K
Cap Rate 7%
$273,486
$273.5K
Cap Rate 9%
$212,711
$212.7K
Market Conditions
NOI Build-Up for 2,487 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.4K $12.24/SF
− Vacancy
−$3.1K −$1.24/SF
EGI
$27.3K $11.00/SF
− OpEx
−$8.2K −$3.30/SF
NOI
$19.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,880
Cap Rate 7%
$273,486
Cap Rate 9%
$212,711
Alternative Uses
Best Use
Multifamily LT 5
$273.5K
$239.3K – $319.1K
NOI $19,144 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$253.4K
$221.7K – $295.6K
NOI $17,736 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$611.6K
$535.1K – $713.5K
NOI $42,811 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
97
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2021, the property combines low-maintenance construction with updated interiors and proximity to Oklahoma State University.
Where is this duplex located?
The property is located at 3020-3022 E 4th Avenue Stillwater, OK.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,487‑square‑foot duplex at 3020‑3022 E 4th Avenue; Two‑story configuration built in 2021; Luxury vinyl plank flooring, granite countertops, and stainless steel appliances
