Two-Bedroom Half
For Sale
$195,000
10 NW 156th Street, Edmond, OK 73013
Residential, Edmond, OK
Property Size1,292 SF
Lot Size0.08 Acres
Price / SF$150.93
Days on Market18
Property Features for 10 NW 156th Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1
Fireplace
1
Lot features
Interior Lot
Elementary school
Charles Haskell ES
Middle school
Summit MS
High school
Santa Fe HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
From Santa Fe and 2nd Street go south. Exit west on 156th street and follow the curve back north. Unit 10 is on the south side of 156th street.
Standard status
Active
APN
10NW156th1073013
Size
1,292 SF
Lot size
0.08 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air, Gas (Cooling)
Building Details
Year built
2003
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Steven Thacker
(405) 694-7562
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 29 at 1:06PM
MLS# 1244103
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 residential income property is a 1,292-square-foot half duplex at 10 NW 156th Street in Edmond. Built in 2003, the brick-and-frame residence includes two bedrooms, two full bathrooms, and an additional flex room suited to office, hobby, or sleeping use. Central air, electric heat, a composition roof, and a fireplace are among the existing features.
The property occupies a 0.0804-acre lot in Edmond, Oklahoma County, with postal code 73013. It is offered as an individual half duplex, with additional duplexes and broader portfolio acquisition options referenced in the property information. Rent rolls and other investment materials are available upon request.
The property occupies a 0.0804-acre lot in Edmond, Oklahoma County, with postal code 73013. It is offered as an individual half duplex, with additional duplexes and broader portfolio acquisition options referenced in the property information. Rent rolls and other investment materials are available upon request.
Key Highlights
- 1,292‑square‑foot half duplex
- 2 bedrooms and 2 full bathrooms
- Flex room for office, hobby, or sleeping use
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
$8,221
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
4.22%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Brick-and-frame income property with two full bathrooms and a flexible additional room.
Where is this residential income property located?
The property is located at 10 NW 156th Street 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; 2 bedrooms and 2 full bathrooms; Flex room for office, hobby, or sleeping use
