701 W Highpoint Dr - Apartments FOR SALE


Stillwater, OK 74075
$5,400,000 USD
405-372-5151
701 W Highpoint Dr, Stillwater, OK for Sale
$5,400,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

701 W Highpoint Dr
Stillwater, OK 74075


HIGHLIGHTS

  • Recently renovated
  • Prime location
  • Immediate cash flow

OVERVIEW

Premier Investment Opportunity – Fully Renovated Condominium Portfolio. Welcome to 701 Highpoint Drive—an exceptional, turnkey investment opportunity in one of Stillwater’s most desirable and high-demand locations. If your investment portfolio is lacking, this property delivers immediate performance and long-term potential. This impressive offering includes three buildings totaling 24 fully remodeled condominium units, each featuring 2 bedrooms and 1 full bath with a modern, open-concept kitchen and dining layout designed for today’s lifestyle. Completely renovated in late 2025, every unit showcases high-quality, contemporary upgrades including: Brand-new windows and HVAC systems. Durable LVT flooring throughout Updated appliances, cabinetry, and stunning quartz countertops. Innovative, space-saving features such as 2-in-1 sink/dishwasher units and all-in-one washer/dryer combos. These thoughtful enhancements create a sleek, efficient living space while minimizing maintenance and maximizing tenant appeal. The property boasts a clean, modern aesthetic from top to bottom, offering peace of mind with essentially “like-new” construction throughout. Location is unmatched—just minutes (approximately 3 blocks) from Oklahoma State University, Stillwater High School, shopping, dining, and a scenic walking path to Boomer Lake, ensuring consistent rental demand. Investment Highlights: 24 Units at $1,500/month = Strong income potential. Recently completed renovation (December 2025). Already 93% occupied. Individually metered utilities (electric & gas paid by tenants). Owner pays water. Flexible covenants allowing Airbnb and short-term rentals. With immediate cash flow, modern upgrades, and a prime location, 701 Highpoint Drive is a rare opportunity to acquire a stabilized, high-performing asset in the thriving Stillwater market.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

24

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

600011821

ASK ABOUT THIS PROPERTY

Dolores LemonDolores Lemon & AssociatesMore Info
405-372-5151

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Dolores LemonDolores Lemon & AssociatesMore Info
405-372-5151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.