Updated Multifamily
For Sale
$114,900
Pending
1113 Swan Lake Road, Edmond, OK 73003
Well-maintained rental property with recent interior and mechanical improvements, no HOA, and an as-is sale structure.
Property Size1,161 SF
Days on Market104
Property Features for 1113 Swan Lake Road
General Information
Standard status
Pending
Size
1,161 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$1,451
Building Details
Building Size
1,161 SF
Year Built
1983
Listing Agency:
CityGates Real Estate LLC
Listed By:
Brooke Bale
(405) 412-8369
Source:
Stetsonbentley
Added: Jul 6
Changed: Oct 8
Last Checked: Oct 16 at 2:44PM
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 CityGates Real Estate LLC
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Investment Insights
Based on property information with market context.
This 1983 half-duplex in Edmond’s Swan Lake neighborhood offers a three-bedroom, two-bath residential layout suited to rental use or an investment hold. Recent work includes LVP flooring, interior paint completed in 2026, a 2026 water heater, an updated bathroom, and an Ameristar AC condenser installed in 2025. The property is offered as-is and has no HOA.
Located at 1113 Swan Lake Road, the home provides a straightforward multifamily format for buyers seeking a smaller residential income asset. The seller can provide disclosures and a recent roofing quote upon request. Cash and conventional financing are accepted, and the owner is a licensed real estate broker in Oklahoma.
Located at 1113 Swan Lake Road, the home provides a straightforward multifamily format for buyers seeking a smaller residential income asset. The seller can provide disclosures and a recent roofing quote upon request. Cash and conventional financing are accepted, and the owner is a licensed real estate broker in Oklahoma.
Key Highlights
- Three‑bedroom, two‑bath half‑duplex built in 1983
- Interior paint and water heater completed in 2026
- Ameristar AC condenser installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,387
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,740
$147.7K
Cap Rate 7%
$105,529
$105.5K
Cap Rate 9%
$82,078
$82.1K
Market Conditions
NOI Build-Up for 1,161 SF
Gross rent
$14.9K $12.84/SF
− Vacancy
−$1.5K −$1.27/SF
EGI
$13.4K $11.57/SF
− OpEx
−$6.0K −$5.21/SF
NOI
$7.4K $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%
$147,740
Cap Rate 7%
$105,529
Cap Rate 9%
$82,078
Alternative Uses
Best Use
Apartment 5plus
$105.5K
$92.3K – $123.1K
NOI $7,387 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.8K
$211.6K – $282.1K
NOI $16,927 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained rental property with recent interior and mechanical improvements, no HOA, and an as-is sale structure.
Where is this multifamily property located?
The property is located at 1113 Swan Lake Road Edmond, OK.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bath half‑duplex built in 1983; Interior paint and water heater completed in 2026; Ameristar AC condenser installed in 2025
