908 E 12th Avenue, Stillwater, OK 74074
Local realty services provided by:Better Homes and Gardens Real Estate Paramount
Listed by: sierra snowden
Office: sage sotheby's realty
MLS#:1244906
Source:OK_OKC
908 E 12th Avenue,Stillwater, OK 74074
$995,000
- 20 Beds
- 10 Baths
- 6,449 sq. ft.
- Multi-family
- Active
Price summary
- Price:$995,000
- Price per sq. ft.:$154.29
About this home
INVESTMENT OPP — CURRENTLY LEASED AT $6,150/MO | 7.25% CAP RATE | 3% ANNUAL RENT ESCALATOR | APPROX. 3 YRS REMAINING ON LEASE Rare investment opportunity in the heart of Stillwater offering established income today and significant long-term flexibility. The property is currently occupied under a triple-net (NNN) lease and has a 12+ month history of consistent rent payments, providing buyers with an established tenant and income stream. The property has also benefited from recent improvements, including a brand-new suppression system and additional work completed to address current code requirements, adding meaningful value for an incoming owner. Situated on approximately 2 acres near major employment and education, this unique property offers more than 6,000 SF of flexible space with 20 bedroom / 10 bathrooms. Originally constructed for group housing use, the property features expansive common areas, multiple offices, large gathering spaces, a commercial-style kitchen area, extensive parking, outdoor patio space, mature trees, flower beds, and a park-like setting. Beyond the existing lease, the property’s size, configuration, location, and acreage provide extensive long-term optionality for an investor. The versatile floor plan may accommodate a variety of future uses or repositioning strategies, subject to buyer verification of zoning, licensing, occupancy requirements, and intended use. Substantial outdoor space includes garden areas, open green space, and room for a variety of recreational or operational needs. With an existing NNN lease, a proven history of consistent rent payments, contractual annual rent growth, recent property improvements, and significant flexibility for future use, this property offers a compelling combination of current cash flow and long-term investment potential in Stillwater. Buyer to verify all information, measurements, lease terms, financial information, zoning, permitted uses, code compliance, licensing, and occupancy requirements....
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Home facts
- Year built:1987
- Listing ID #:1244906
- Added:13 day(s) ago
- Updated:September 01, 2026 at 12:55 PM
Rooms and interior
- Bedrooms:20
- Total bathrooms:10
- Full bathrooms:10
- Living area:6,449 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1987
- Building area:6,449 sq. ft.
- Lot area:2 Acres
- Lot Features:Campus Area
- Architectural Style:Traditional
- Construction Materials:Stone
- Foundation Description:Slab
Schools
- High school:Stillwater HS
- Middle school:Stillwater JHS
- Elementary school:Highland Park ES
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$154.29
Parking
- Parking description:Concrete
Listing content and images Copyright© 2026 MLSOK®. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Do not rely upon listing data without independently verifying it.New listings near 908 E 12th Avenue
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