Updated Two-Bedroom
For Sale
$205,000
2131 NW 155th Street, Edmond, OK 73013
SINGLE_FAMILY - Other - Edmond, OK
Property Size1,209 SF
Lot Size0.05 Acres
Price / SF$169.56
Days on Market23
Property Features for 2131 NW 155th Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Patio and Porch features
Patio
Exterior features
Patio-Covered, Pond
Lot features
Corner Lot, Cul-De-Sac
Elementary school
Scissortail ES
Middle school
Summit MS
High school
Santa Fe HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
From NW 150th & Penn, go north and turn west (left) into Jeffersons Garden subdivision, house is 2nd right all the way down to yellow sign.
Standard status
Active
APN
2131NW155th73013
Size
1,209 SF
Lot size
0.05 Acres
Taxes and HOA fees
HOA Fee
$266 Annually
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
2002
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Allied, Inc., REALTORS
(405) 879-2266
Listed By:
Justin Rucker
(580) 656-5295
Added: Jul 21
Changed: Aug 10
Last Checked: Aug 12 at 1:06AM
MLS# 1240475
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 2-bedroom, 2-bath duplex was built in 2002 and offers 1,209 square feet of living space on a 0.051-acre lot. Recent interior improvements include new carpet and fresh paint. The layout features a primary suite with a walk-in closet and a walk-in shower fitted with handicap accessibility rails. Construction combines brick and frame materials, with a composition roof, natural gas heating, and central electric cooling.
Outdoor features include a covered patio with a retractable screen for added shade and insect protection, along with a pond on the property. The home is located in Edmond, Oklahoma, within the Edmond School District.
Outdoor features include a covered patio with a retractable screen for added shade and insect protection, along with a pond on the property. The home is located in Edmond, Oklahoma, within the Edmond School District.
Key Highlights
- 2‑bedroom, 2‑bath duplex with 1,209 square feet of living space
- Built in 2002 on a 0.051‑acre lot
- Fresh carpet and paint throughout the interior
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
$7,693
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
3.75%
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%
$153,860
$153.9K
Cap Rate 7%
$109,900
$109.9K
Cap Rate 9%
$85,478
$85.5K
Market Conditions
NOI Build-Up for 1,209 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
$15.5K $12.84/SF
− Vacancy
−$1.5K −$1.27/SF
EGI
$14.0K $11.57/SF
− OpEx
−$6.3K −$5.21/SF
NOI
$7.7K $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%
$153,860
Cap Rate 7%
$109,900
Cap Rate 9%
$85,478
Alternative Uses
Best Use
Apartment 5plus
$109.9K
$96.2K – $128.2K
NOI $7,693 @ 7.0% cap · market cap 3.75%
Second Best
Multifamily LT 5
$104.9K
$91.8K – $122.4K
NOI $7,346 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$251.8K
$220.3K – $293.8K
NOI $17,627 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-bedroom, two-bath residence with a covered patio and accessible primary-suite shower.
Where is this duplex located?
The property is located at 2131 NW 155th Street Edmond, OK.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath duplex with 1,209 square feet of living space; Built in 2002 on a 0.051‑acre lot; Fresh carpet and paint throughout the interior
