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Molly Johnston

molly@ccrebrokers.com +1(918) 798-1648

$ 5,400,000

Est. payment | -/mo

2 Beds

1 Bath

22,218 SqFt

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$ 5,400,000

Est. payment | -/mo

Save

2 Beds

1 Bath

22,218 SqFt

Key Details

Property Type Multi-Family

Sub Type MULTIFAMILY

Listing Status Active

Purchase Type For Sale

Square Footage 22,218 sqft

Price per Sqft $243

Subdivision High Point Addi

MLS Listing ID 134078

Bedrooms 2

Year Built 1977

Annual Tax Amount $7,010

Tax Year 2025

Lot Size 1.020 Acres

Lot Dimensions 1.02 Ac m/l

Property Sub-Type MULTIFAMILY

Property Description

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 wood 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. PNL available with pre-approval

Location

State OK

County Payne

Area Northwest

Zoning Multi Family Planned Stw

Interior

Heating Forced Air

Cooling Central

Exterior

Exterior Feature Brick Veneer

Parking Features Ground Level

Building

Story 2

Water City

Level or Stories 2

Schools

School District Will Rogers Elementary

Others

Ownership Mark Stillwater, LLC

Listed by REAL ESTATE PROFESSIONALS

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(918) 798-1648

molly@ccrebrokers.com

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701 W Highpoint Dr Stillwater, OK 74075-0000