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701 W Highpoint Dr, Stillwater, OK, 74075

2beds
1baths
22,218sqft
$5,400,000
$243price/sqft
$37,635/moest. monthly cost
$1,505,400/yrincome needed

About This Home

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 100% 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

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
75
BikeVery Bikeable

Schools

7/10
10/10
9/10
Stillwater High SchoolGrades 10-120.5 mi

Construction

Condition

  • Year built: 1977

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick Veneer

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Microwave,Range,Oven,Dishwasher,Washer/Dryer Hookup,Unit 1 Refrigerator,Unit 1 Dishwasher,Unit 1 Washer/Dryer,Unit 1 Range
  • Laundry features: Washer/Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 22,218
  • Total interior livable area: 22,218 sqft

Property

Details

  • Zoning description: Multi Family Planned Stw

Features

  • Levels: 2
  • Stories: 2
  • Fencing: Fenced

Lot

  • Lot size: 1.02 Acres
  • Lot size dimensions: 1.02 Ac m/l

Parking

  • Parking features: Ground Level,Concrete,Parking Lot,Parking Spaces,21-30