32-Bedroom Apartment
1025 E Hurd Street, Edmond, OK 73034
For Sale
$2,095,000
Four buildings provide private bedroom suites with shared living, kitchen, and laundry areas on each floor.
Property Size12,000 SF
Price / SF$174.58
Days on Market312
Property Features for 1025 E Hurd Street
General Information
Standard status
Size
Property subtype
Additional Details
Opportunity Zone
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Tribe Realty Group
Listed By:
Andrea K Dodd
(580) 374-3582
Source:
Iloverealtyok
Added: Jan 3
Changed: Nov 7
Last Checked: Nov 9 at 5:01PM
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 Tribe Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering comprises four apartment buildings with 32 bedrooms and 32 bathrooms. Each building is approximately 3,000 square feet across two levels, with four private bedroom-and-bathroom suites per floor. Keypad locks provide individual access to the suites, while residents on each level share a living room, kitchen, and laundry area.
The property is under construction and is expected to be delivered vacant. The four buildings are on a single parcel that cannot be divided. The site is approximately one-half block from the University of Central Oklahoma in Edmond and lies within a federally designated Opportunity Zone.
The property is under construction and is expected to be delivered vacant. The four buildings are on a single parcel that cannot be divided. The site is approximately one-half block from the University of Central Oklahoma in Edmond and lies within a federally designated Opportunity Zone.
Key Highlights
- Four apartment buildings on one parcel; the parcel cannot be divided
- 32 bedrooms and 32 bathrooms across the property
- Each building is approximately 3,000 square feet over two levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,354
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,527,080
$1.5M
Cap Rate 7%
$1,090,771
$1.1M
Cap Rate 9%
$848,378
$848.4K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$154.1K $12.84/SF
− Vacancy
−$15.3K −$1.27/SF
EGI
$138.8K $11.57/SF
− OpEx
−$62.5K −$5.21/SF
NOI
$76.4K $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%
$1,527,080
Cap Rate 7%
$1,090,771
Cap Rate 9%
$848,378
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$954.4K – $1.27M
NOI $76,354 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,957 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
Business Placement
Demographics for 73034, OK
47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Oklahoma County, OK
Properties on Market for Apartment buildings in Oklahoma County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings provide private bedroom suites with shared living, kitchen, and laundry areas on each floor.
Where is this apartment building located?
The property is located at 1025 E Hurd Street Edmond, OK.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Four apartment buildings on one parcel; the parcel cannot be divided; 32 bedrooms and 32 bathrooms across the property; Each building is approximately 3,000 square feet over two levels
