Modern 2-Unit
For Sale
$469,900
100 S Walnut Street, Edmond, OK 73003
Residential Income, Edmond, OK
Property Size2,600 SF
Price / SF$180.73
Days on Market101
Property Features for 100 S Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 6, Bedroom 8
Parking
4
Lot features
Interior Lot
Elementary school
Ida Freeman ES
Middle school
Cheyenne MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
Just West of Downtown Edmond, Between Fretz and Kelly. At Walnut and 1st.
Standard status
Active
APN
100NONES.Walnut73003
Size
2,600 SF
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
2026
Floors in Building
1
Building materials
Brick, Stone
Roof type
Composition
Architectural style
Modern
Listing Agency:
Flotilla Real Estate Partners
(405) 977-0207
Listed By:
Kathy Funk
(405) 613-1889
Added: May 21
Changed: Aug 21
Last Checked: Aug 29 at 12:06PM
MLS# 1230320
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 modern duplex is under construction for completion in 2026 and contains 2 residential units totaling 2,600 square feet. Each residence is configured with 4 bedrooms and 3 bathrooms, providing 8 bedrooms and 6 bathrooms across the property. Both units include a washer, dryer, and refrigerator, along with a two-car driveway. Brick and stone exterior materials, composition roofing, natural gas heat, and electric central air round out the planned improvements.
The property is located at 100 S Walnut Street in Edmond, near downtown restaurants, breweries, coffee shops, shopping, UCO, Chitwood Park, and its splashpad. It is within the Edmond School District and positioned near ongoing downtown development and business activity.
The property is located at 100 S Walnut Street in Edmond, near downtown restaurants, breweries, coffee shops, shopping, UCO, Chitwood Park, and its splashpad. It is within the Edmond School District and positioned near ongoing downtown development and business activity.
Key Highlights
- 2‑unit duplex totaling 2,600 square feet
- Each unit includes 4 bedrooms and 3 bathrooms
- Washer, dryer, and refrigerator included in both units
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
$16,543
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
3.52%
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%
$330,860
$330.9K
Cap Rate 7%
$236,329
$236.3K
Cap Rate 9%
$183,811
$183.8K
Market Conditions
NOI Build-Up for 2,600 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
$33.4K $12.84/SF
− Vacancy
−$3.3K −$1.27/SF
EGI
$30.1K $11.57/SF
− OpEx
−$13.5K −$5.21/SF
NOI
$16.5K $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%
$330,860
Cap Rate 7%
$236,329
Cap Rate 9%
$183,811
Alternative Uses
Best Use
Apartment 5plus
$236.3K
$206.8K – $275.7K
NOI $16,543 @ 7.0% cap · market cap 3.52%
Second Best
Multifamily LT 5
$225.7K
$197.5K – $263.3K
NOI $15,798 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$541.5K
$473.8K – $631.8K
NOI $37,907 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with complete appliance packages, central air, and walkable access to downtown amenities.
Where is this duplex located?
The property is located at 100 S Walnut Street Edmond, OK.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 2‑unit duplex totaling 2,600 square feet; Each unit includes 4 bedrooms and 3 bathrooms; Washer, dryer, and refrigerator included in both units
