Multi-Family Group Housing
908 E 12th Avenue, Stillwater, OK 74074
New
MULTI_FAMILY - Other - Stillwater, OK
Property size:
6,449 SFLot size:
2.00 AcresPrice / SF:
$154/SF- Added:
- Jun 18, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 20 at 7:06 am
Property Features for 908 E 12th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 20
- Bathrooms
- 10
- Rooms
- Bathroom 5, Bathroom 7, Bedroom 6, Bedroom 9, Bedroom 2, Bedroom 12, Bedroom 15, Bathroom 3, Bedroom 7, Bedroom 13, Bedroom 16, Bathroom 10, Bedroom 17, Bedroom 18, Bedroom 20, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 8, Bedroom 11, Bathroom 9, Bedroom 10, Bedroom 19, Bathroom 4, Bathroom 1, Bathroom 6, Bedroom 4, Bedroom 14, Bedroom 8, Bedroom 3
- Standard status
- Active
- APN
- 908E12th74074
- Size
- 6,449 SF
- Lot size
- 2.00 Acres
Building Details
- Year built
- 1987
- Building materials
- Stone, Brick Veneer
- Roof type
- Composition
- Architectural style
- Other
Listing agent Sierra Snowden (405) 570-6340
Listing office Sage Sotheby's Realty 1047 NW 68th St, Oklahoma City, OK (405) 748-0405
Listing date Jun 18, 2026
MLS# 1235212
Listing URL
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1987‑built property with stone and brick veneer construction
- Over 6,000 SF with 20 bedrooms and 10 bathrooms
- Flexible layout with multiple offices, large gathering spaces, and a commercial‑style kitchen area
- Approximately 2‑acre site with outdoor patio space, garden/open green space, and mature trees/flower beds
- Extensive parking and outdoor recreation/operational space
- Buyer verification required for zoning, licensing, permitted uses, occupancy requirements, and all measurements
Overview
This group housing-style property offers over 6,000 square feet of flexible interior space arranged with 20 bedrooms and 10 bathrooms. Common areas include multiple offices and large gathering spaces, along with a commercial-style kitchen area suited to shared living or group programming. Outside, the grounds provide an outdoor patio and additional landscaped areas, including mature trees, flower beds, and open green space.
Located at 908 E 12th Avenue in Stillwater, the property sits on approximately two acres with extensive parking and a park-like setting. The layout and site improvements support a range of adaptive reuse concepts, with the seller noting that prospective buyers should verify zoning, licensing, intended use, measurements, and occupancy requirements.
For buyers, this asset may fit organizations or operators seeking a campus-style facility that can accommodate multiple private rooms and shared spaces, supported by on-site outdoor areas and parking. Its mix of offices, gathering areas, and kitchen space can also support a variety of operational models, subject to buyer confirmation of applicable regulations and requirements.
Located at 908 E 12th Avenue in Stillwater, the property sits on approximately two acres with extensive parking and a park-like setting. The layout and site improvements support a range of adaptive reuse concepts, with the seller noting that prospective buyers should verify zoning, licensing, intended use, measurements, and occupancy requirements.
For buyers, this asset may fit organizations or operators seeking a campus-style facility that can accommodate multiple private rooms and shared spaces, supported by on-site outdoor areas and parking. Its mix of offices, gathering areas, and kitchen space can also support a variety of operational models, subject to buyer confirmation of applicable regulations and requirements.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.1k | $19.56 |
| − Vacancy | −$12.7k | −$1.98 |
| EGI | $113.4k | $17.58 |
| − OpEx | −$28.4k | −$4.40 |
| NOI | $85.1k | $13.19 |
6,449 SF · lease $19.56/SF/yr · vacancy 10.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.06M – $1.42M
NOI $85,052 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$657.0K
$574.9K – $766.5K
NOI $45,991 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,012 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Stillwater
- County
- Payne
- State
- Oklahoma
- Longitude
- -97.046776
- Latitude
- 36.10896
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Flexible group housing layout with 20 bedrooms and 10 bathrooms, plus common areas and parking on about two acres.
Where is this residential income property located?
The property is located at 908 E 12th Avenue Stillwater, OK.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1987‑built property with stone and brick veneer construction; Over 6,000 SF with 20 bedrooms and 10 bathrooms; Flexible layout with multiple offices, large gathering spaces, and a commercial‑style kitchen area
