Renovated
New
For Sale
$570,000
911 N Main Street, Stillwater, OK 74075
Two distinct residences provide separate upper- and lower-level living spaces.
Property Size4,455 SF
Price / SF$127.95
Days on Market4
Property Features for 911 N Main Street
General Information
Standard status
Active
Size
4,455 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,013
Listing Agency:
One Broker Place
(405) 533-3800
Listed By:
Jacob Green · License #202565
(405) 612-2923
Source:
Exprealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 24 at 5:34PM
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.
Renovated in 2019, this duplex contains two units with a combined nine bedrooms and seven bathrooms. The upper residence has five bedrooms and four bathrooms and is leased through May 2027. The lower residence includes four bedrooms and three bathrooms and is currently vacant. The renovation work covered electrical, plumbing, and heating and air systems, along with interior updates.
The property is one mile from Oklahoma State University and is also near Stillwater High School, shopping, dining, and everyday services. Nearby residential development includes newer homes.
The property is one mile from Oklahoma State University and is also near Stillwater High School, shopping, dining, and everyday services. Nearby residential development includes newer homes.
Key Highlights
- Two units with a combined 9 bedrooms and 7 bathrooms
- Upper unit: 5 bedrooms and 4 bathrooms; leased through May 2027
- Lower unit: 4 bedrooms and 3 bathrooms; currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,292
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,840
$685.8K
Cap Rate 7%
$489,886
$489.9K
Cap Rate 9%
$381,022
$381.0K
Market Conditions
NOI Build-Up for 4,455 SF
Gross rent
$54.5K $12.24/SF
− Vacancy
−$5.5K −$1.24/SF
EGI
$49.0K $11.00/SF
− OpEx
−$14.7K −$3.30/SF
NOI
$34.3K $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%
$685,840
Cap Rate 7%
$489,886
Cap Rate 9%
$381,022
Alternative Uses
Best Use
Multifamily LT 5
$489.9K
$428.7K – $571.5K
NOI $34,292 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$453.9K
$397.1K – $529.5K
NOI $31,771 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.10M
$958.6K – $1.28M
NOI $76,687 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,409
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
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences provide separate upper- and lower-level living spaces.
Where is this duplex located?
The property is located at 911 N Main Street Stillwater, OK.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Two units with a combined 9 bedrooms and 7 bathrooms; Upper unit: 5 bedrooms and 4 bathrooms; leased through May 2027; Lower unit: 4 bedrooms and 3 bathrooms; currently vacant
