Redevelopment Single-Family
222 N Blackwelder Avenue Edmond, OK 73034
222 N Blackwelder Avenue, Edmond, OK, 73034
$379,900
For Sale
$379,900
MULTI_FAMILY - Bungalow - Edmond, OK
Property Size1,754 SF
Lot Size0.16 Acres
Price / SF$216.59
Days on Market82
Property Features for 222 N Blackwelder Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 222NBlackwelder73034
- Size
- 1,754 SF
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Bungalow
Listing Agency
OK Flat Fee Realty
(405) 759-8448
3721 SE 26th St, Moore, OK
Listed by
Chance Daggs · License #177744
(405) 759-8448
Added: Apr 28 Checked: Jul 18 at 10:06 am
MLS# 1226638
Listing URL
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Investment Insights
Based on property information with market context.
This offering includes two single-family properties sold together: 222 and 224 N Blackwelder Avenue. The site totals approximately 0.32 acres and is currently improved with two single-family structures measuring 1,034 sq. ft. and 720 sq. ft. The property is described as level and infrastructure-ready, with major utilities currently present.
The parcels are positioned for redevelopment and are identified as being strategically zoned C-2 (Neighborhood Commercial), and part of the Edmonds PUD. Public remarks note the location is down the street from the University of Central Oklahoma (UCO) and near Downtown Edmond, with access to the Railyard, local shopping, and the Edmond Farmers Market.
Prospective buyers should verify zoning ordinances, PUD requirements, and specific building needs with the City of Edmond before planning a redevelopment concept.
The parcels are positioned for redevelopment and are identified as being strategically zoned C-2 (Neighborhood Commercial), and part of the Edmonds PUD. Public remarks note the location is down the street from the University of Central Oklahoma (UCO) and near Downtown Edmond, with access to the Railyard, local shopping, and the Edmond Farmers Market.
Prospective buyers should verify zoning ordinances, PUD requirements, and specific building needs with the City of Edmond before planning a redevelopment concept.
Key Highlights
- Two properties—222 and 224 N Blackwelder Ave—offered together for $379,900
- Approximately 0.32 acres (14,000 SF) total land area with a level site
- Zoned C‑2 (Neighborhood Commercial) and part of Edmond’s PUD
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $12.84 |
| − Vacancy | −$2.2k | −$1.27 |
| EGI | $20.3k | $11.57 |
| − OpEx | −$9.1k | −$5.21 |
| NOI | $11.2k | $6.36 |
1,754 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$159.4K
$139.5K – $186.0K
NOI $11,160 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.3K
$319.7K – $426.2K
NOI $25,573 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two assembled single-family properties zoned C-2, totaling about 0.32 acres with utilities in place for redevelopment.
Where is this single family property located?
The property is located at 222 N Blackwelder Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two properties—222 and 224 N Blackwelder Ave—offered together for $379,900; Approximately 0.32 acres (14,000 SF) total land area with a level site; Zoned C‑2 (Neighborhood Commercial) and part of Edmond’s PUD
