Brick-Frame Duplex with Covered
For Sale
$224,900
Pending
18210 Manera Way, Edmond, OK 73012
SINGLE_FAMILY - Other - Edmond, OK
Property Size1,485 SF
Lot Size0.08 Acres
Days on Market68
Property Features for 18210 Manera Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Exterior features
Covered Porch
Lot features
Interior Lot
Elementary school
Grove Valley ES
Middle school
Deer Creek MS
High school
Deer Creek HS
Elementary school district
Deer Creek
Middle school district
Deer Creek
High school district
Deer Creek
Directions
GPS will provide directions
Standard status
Pending
APN
18210NONEManera73012
Size
1,485 SF
Lot size
0.08 Acres
Taxes and HOA fees
HOA Fee
$795 Annually
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Amenities
neighborhood parks
splash pad
Building Details
Year built
2016
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Flotilla Real Estate Partners
(405) 977-0207
Listed By:
Brandon Hart
(405) 990-4569
Added: Jun 5
Changed: Aug 5
Last Checked: Aug 11 at 10:06PM
MLS# 1233058
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 well-maintained duplex offers an inviting, open layout with tall ceilings, plus a split-bedroom design with the primary suite tucked away for added privacy. Large windows help create a bright interior, and the home includes spacious closets and ample cabinet storage for everyday comfort.
Constructed with brick & frame materials, the property features a covered porch and a composition roof. Heating is natural gas, with central air and electric cooling. The home was built in 2016 and is laid out with three bedrooms and two bathrooms.
Set on a 0.0823-acre lot, this duplex is described as an opportunity to own the full duplex, selling both sides. The HOA covers yard maintenance and includes access to neighborhood parks and a splash pad, supporting a low-maintenance lifestyle while staying close to shopping, dining, and everyday conveniences.
Constructed with brick & frame materials, the property features a covered porch and a composition roof. Heating is natural gas, with central air and electric cooling. The home was built in 2016 and is laid out with three bedrooms and two bathrooms.
Set on a 0.0823-acre lot, this duplex is described as an opportunity to own the full duplex, selling both sides. The HOA covers yard maintenance and includes access to neighborhood parks and a splash pad, supporting a low-maintenance lifestyle while staying close to shopping, dining, and everyday conveniences.
Key Highlights
- 2016‑built duplex with a split‑bedroom layout and primary suite tucked away
- 3 bedrooms and 2 bathrooms with an open layout and tall ceilings
- 0.0823‑acre lot and 1,485 SF interior size
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
$9,449
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
4.20%
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%
$188,980
$189.0K
Cap Rate 7%
$134,986
$135.0K
Cap Rate 9%
$104,989
$105.0K
Market Conditions
NOI Build-Up for 1,485 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
$19.1K $12.84/SF
− Vacancy
−$1.9K −$1.27/SF
EGI
$17.2K $11.57/SF
− OpEx
−$7.7K −$5.21/SF
NOI
$9.4K $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%
$188,980
Cap Rate 7%
$134,986
Cap Rate 9%
$104,989
Alternative Uses
Best Use
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,449 @ 7.0% cap · market cap 4.20%
Second Best
Multifamily LT 5
$128.9K
$112.8K – $150.4K
NOI $9,023 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$309.3K
$270.6K – $360.9K
NOI $21,651 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 73012, OK
41,289
Population
16,172
Households
2.6
Avg Household Size
34
Median Age
56%
College-Educated
97%
High-School Grad
34.1 sq mi
ZIP Area
1,211
Density / Sq Mi
$123,528
Median Household Income
$59,000
Median Earnings
$1,779
Median Rent
$295,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2016-built 3-bed 2-bath duplex with covered porch, HOA yard maintenance, and access to neighborhood parks and splash pad.
Where is this duplex located?
The property is located at 18210 Manera Way Edmond, OK.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2016‑built duplex with a split‑bedroom layout and primary suite tucked away; 3 bedrooms and 2 bathrooms with an open layout and tall ceilings; 0.0823‑acre lot and 1,485 SF interior size
