Bungalow Redevelopment
224 N Blackwelder Avenue Edmond, OK 73034
224 N Blackwelder Avenue, Edmond, OK, 73034
$379,900
For Sale
$379,900
MULTI_FAMILY - Bungalow - Edmond, OK
Property Size1,754 SF
Lot Size0.32 Acres
Price / SF$216.59
Days on Market30
Property Features for 224 N Blackwelder Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 224NBlackwelder73034
- Size
- 1,754 SF
- Lot size
- 0.32 Acres
Building Details
- Year built
- 1962
- 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: Jun 19 Checked: Jul 18 at 9:06 am
MLS# 1235597
Listing URL
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 listing offers two properties being sold together: 222 and 224 N Blackwelder Avenue, each currently improved with a single-family structure. The site totals approximately 0.32 acres (about 14,000 square feet) and includes two existing bungalows with sizes of 1,034 square feet and 720 square feet. The property is described as level and infrastructure-ready with major utilities currently present.
The assembly is reported as strategically zoned C-2 (Neighborhood Commercial) and part of Edmond’s PUD, providing flexibility compared to standard residential lots. The location is stated to be near University of Central Oklahoma (UCO) and the Downtown Edmond district, with access mentioned to the Railyard, local shopping, and the Edmond Farmers Market.
All major details are subject to buyer verification. Buyer is instructed to confirm zoning ordinances, school districts, and specific building requirements with the City of Edmond.
The assembly is reported as strategically zoned C-2 (Neighborhood Commercial) and part of Edmond’s PUD, providing flexibility compared to standard residential lots. The location is stated to be near University of Central Oklahoma (UCO) and the Downtown Edmond district, with access mentioned to the Railyard, local shopping, and the Edmond Farmers Market.
All major details are subject to buyer verification. Buyer is instructed to confirm zoning ordinances, school districts, and specific building requirements with the City of Edmond.
Key Highlights
- Two properties included: 222 and 224 N Blackwelder Ave, offered together for $379,900
- Total site size of approx. 0.32 acres (about 14,000 SF) with level terrain
- Zoned C‑2 (Neighborhood Commercial) and part of Edmond’s PUD for redevelopment flexibility
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
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 bungalow properties totaling about 0.32 acres are listed together at 222 and 224 N Blackwelder Ave.
Where is this single family property located?
The property is located at 224 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 included: 222 and 224 N Blackwelder Ave, offered together for $379,900; Total site size of approx. 0.32 acres (about 14,000 SF) with level terrain; Zoned C‑2 (Neighborhood Commercial) and part of Edmond’s PUD for redevelopment flexibility
