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    103 E Edwards St Edmond, OK 73034

    Sponsored
    For Sale
    Pending
    $2,369,999

    MULTI_FAMILY - Contemporary - Edmond, OK

    Property size:
    10,134 SF
    Lot size:
    0.24 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 18 at 3:06 pm

    Property Features for 103 E Edwards St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 7, Bathroom 22, Bedroom 11, Bathroom 11, Bathroom 21, Bathroom 23, Bathroom 16, Bedroom 5, Bedroom 10, Bathroom 4, Bathroom 15, Bathroom 3, Bedroom 6, Bedroom 9, Bedroom 17, Bedroom 1, Bathroom 17, Bathroom 1, Bathroom 6, Bedroom 15, Bedroom 2, Bedroom 13, Bedroom 12, Bathroom 19, Bedroom 8, Bathroom 5, Bathroom 2, Bathroom 20, Bedroom 18, Bedroom 4, Bedroom 14, Bathroom 24, Bedroom 16, Bathroom 12, Bathroom 18, Bathroom 10, Bathroom 9, Bathroom 8, Bathroom 13, Bathroom 14, Bathroom 7, Bedroom 3
    Bedrooms
    18
    Bathrooms
    24
    APN
    103EEdwards73034
    Parking
    22
    Appliances
    Dishwasher, Microwave
    Size
    10,134 SF
    Lot size
    0.24 Acres

    Building Details

    Year built
    2024
    Floors in Building
    3
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Kingsley K Tazinya

    Keller Williams Realty Central Oklahoma (405) 330-2626 [email protected]

    Listing agent Kingsley K Tazinya (301) 795-5206

    Listing date Jan 8, 2026

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Edmond Multifamily Residence: Modern Units

    Located in Edmond, Oklahoma, this newly constructed, three-story multi-family residence features six individual units. Each unit includes three bedrooms en suite and 3.5 full bathrooms. Modern finishes are evident throughout, including granite countertops, ceramic wood-look tile flooring, and a stainless steel appliance package. Residents can enjoy semi-private balconies. Security features include a security system and key fob access at the main entrance. Constructed in 2024, the property is covered by a 10-year structural warranty. The property is located near the University of Central Oklahoma Edmond and downtown Edmond. The property, situated on a 0.24-acre lot, offers 10,134 square feet of living space. This property is suited for Airbnb, corporate housing, or long term rental opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.478914
    Latitude
    35.658555

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    FAQs

    What type of property is this?
    Apartment building - New construction multifamily property near UCO and downtown Edmond.
    Where is this apartment building located?
    The property is located at 103 E Edwards St Edmond, OK.
    What is the asking price?
    The asking price for this property is $2,369,999.
    What are key features of this property?
    This property features: - Prime location near the University of Central Oklahoma Edmond and downtown Edmond.; - Newly constructed in 2024 with a 10-year structural warranty.; - Six individual units, each with three bedrooms en suite and 3.5 bathrooms.
    (301) 795-5206
    Request Owner's contact information
    103 E Edwards St Edmond, OK 73034
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    Edmond, OK 73034
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 E Edwards St Edmond, OK 73034
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    We can help!
    Listing Contact
    Kingsley K Tazinya
    Real Estate License ID: 182971
    (301) 795-5206
    Learn more
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