Residential Income Property with Flex
New
For Sale
$195,000
10 NW 156th Street Unit 10, Edmond, OK 73013
Half-duplex residence includes two bedrooms, two full baths, and an adaptable flex room for additional living or work space.
Property Size1,292 SF
Price / SF$150.93
Days on Market7
Property Features for 10 NW 156th Street Unit 10
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,263
Building Details
Building Size
1,292 SF
Year Built
2003
Listing Agency:
Copper Creek Real Estate
(405) 694-7562
Listed By:
Steven Thacker
Source:
Stetsonbentley
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 5 at 4:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Copper Creek Real Estate
Investment Insights
Based on property information with market context.
This 1,292-square-foot half duplex in Edmond provides two bedrooms, two full bathrooms, and a flexible additional room that can support bedroom, office, or hobby use. The residence was built in 2003 and is offered as an individual unit within a larger group of duplex properties.
The seller will consider a single half duplex, multiple duplexes, or the complete portfolio. Rent rolls and further investment materials are available upon request, while showings of additional occupied units may be arranged after an executed purchase contract.
The seller will consider a single half duplex, multiple duplexes, or the complete portfolio. Rent rolls and further investment materials are available upon request, while showings of additional occupied units may be arranged after an executed purchase contract.
Key Highlights
- 1,292‑square‑foot half duplex in Edmond
- Two bedrooms and two full bathrooms
- Flexible room suited to bedroom, office, or hobby use
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 | $16.6k | $12.84 |
| − Vacancy | −$1.6k | −$1.27 |
| EGI | $14.9k | $11.57 |
| − OpEx | −$6.7k | −$5.21 |
| NOI | $8.2k | $6.36 |
1,292 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$117.4K
$102.8K – $137.0K
NOI $8,221 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.1K
$235.5K – $314.0K
NOI $18,837 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
451
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Half-duplex residence includes two bedrooms, two full baths, and an adaptable flex room for additional living or work space.
Where is this residential income property located?
The property is located at 10 NW 156th Street Unit 10 Edmond, OK.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,292‑square‑foot half duplex in Edmond; Two bedrooms and two full bathrooms; Flexible room suited to bedroom, office, or hobby use
