Half Duplex with
For Sale
$169,500
105 N Hortense Avenue, Edmond, OK 73034
Residential, Edmond, OK
Property Size992 SF
Lot Size0.06 Acres
Price / SF$170.87
Days on Market170
Property Features for 105 N Hortense Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Exterior features
Patio - Open
Appliances
Dishwasher, Disposal, Refrigerator, Washer/Dryer
Lot features
Interior Lot
Elementary school
Northern Hills ES
Middle school
Sequoyah MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
Travel East from Broadway and 2nd street (Highway 77) in Edmond to Blackwelder. Travel North. Drive East on Main and then North on N Hortense Ave. The home is on the West side of N Hortense Ave.
Standard status
Active
APN
105NHortense73034
Size
992 SF
Lot size
0.06 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1983
Flooring type
Carpet, Laminate
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
McGraw REALTORS (BO)
(405) 348-4422
Listed By:
Tempe L Perreira
(405) 822-0100
Added: Mar 20
Changed: Sep 5
Last Checked: Sep 5 at 4:06AM
MLS# 1220056
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.
Investment Insights
Based on property information with market context.
This half-duplex residence contains 992 square feet with two bedrooms and two bathrooms. The main level features an open arrangement connecting the living room, kitchen, and dining area, while the upper-level bedrooms separate sleeping areas from the shared living space. A single-car garage and open patio add practical functionality. Construction combines brick and frame materials, with carpet and laminate flooring throughout. The home was built in 1983 and includes central air, electric heating, a composition roof, dishwasher, disposal, refrigerator, and washer/dryer.
The property is located a short distance from the University of Central Oklahoma in Edmond. Its 0.0568-acre lot includes an open patio, providing outdoor space alongside the residence.
The property is located a short distance from the University of Central Oklahoma in Edmond. Its 0.0568-acre lot includes an open patio, providing outdoor space alongside the residence.
Key Highlights
- 992 square feet with 2 bedrooms and 2 bathrooms
- Half‑duplex layout with bedrooms on the upper level
- Single‑car garage and open patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$126,240
$126.2K
Cap Rate 7%
$90,171
$90.2K
Cap Rate 9%
$70,133
$70.1K
Market Conditions
NOI Build-Up for 992 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.7K $12.84/SF
− Vacancy
−$1.3K −$1.27/SF
EGI
$11.5K $11.57/SF
− OpEx
−$5.2K −$5.21/SF
NOI
$6.3K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$126,240
Cap Rate 7%
$90,171
Cap Rate 9%
$70,133
Alternative Uses
Best Use
Apartment 5plus
$90.2K
$78.9K – $105.2K
NOI $6,312 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.6K
$180.8K – $241.1K
NOI $14,463 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
Explore this area
Business Placement
Demographics for 73034, OK
47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residential property with an open main living area, private bedrooms, and a single-car garage.
Where is this residential income property located?
The property is located at 105 N Hortense Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: 992 square feet with 2 bedrooms and 2 bathrooms; Half‑duplex layout with bedrooms on the upper level; Single‑car garage and open patio
