Residential Income Half
For Sale
$195,000
10 NW 156th Street Unit 10, Edmond, OK 73013
Two-bedroom plan includes two full baths and a flexible additional room.
Property Size1,292 SF
Price / SF$150.93
Days on Market72
Property Features for 10 NW 156th Street Unit 10
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,263
Building Details
Building Size
1,292 SF
Year Built
2003
Listing Agency:
Copper Creek Real Estate
Listed By:
Steven Thacker
(405) 694-7562
Source:
Stetsonbentley
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 21 at 7:16AM
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
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Investment Insights
Based on property information with market context.
This 1,292-square-foot half duplex in Edmond was built in 2003 and offers a practical residential income configuration. The interior includes two bedrooms, two full bathrooms, and a separate flex room that can function as a third bedroom, home office, or hobby area.
The property is part of Sheffield Gardens, where multiple duplexes are available for consideration. Acquisition options include the individual half duplex, multiple duplexes, or the complete portfolio. Additional occupied units may be available for viewing after an executed purchase contract, with rent rolls and further investment information available upon request.
The property is part of Sheffield Gardens, where multiple duplexes are available for consideration. Acquisition options include the individual half duplex, multiple duplexes, or the complete portfolio. Additional occupied units may be available for viewing after an executed purchase contract, with rent rolls and further investment information available upon request.
Key Highlights
- 1,292‑square‑foot half duplex in Edmond
- Two bedrooms and two full bathrooms
- Flex room suitable for a third bedroom, home office, or hobby space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,221
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,420
$164.4K
Cap Rate 7%
$117,443
$117.4K
Cap Rate 9%
$91,344
$91.3K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$16.6K $12.84/SF
− Vacancy
−$1.6K −$1.27/SF
EGI
$14.9K $11.57/SF
− OpEx
−$6.7K −$5.21/SF
NOI
$8.2K $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 Rate 5%
$164,420
Cap Rate 7%
$117,443
Cap Rate 9%
$91,344
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.
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Property Analytics
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Lease Details
1
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom plan includes two full baths and a flexible additional room.
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; Flex room suitable for a third bedroom, home office, or hobby space
