Duplex Rental Package with
For Sale
$200,000
1119 Swan Lake Road, Edmond, OK 73003
Residential, Edmond, OK
Property Size1,209 SF
Lot Size0.08 Acres
Price / SF$165.43
Days on Market71
Property Features for 1119 Swan Lake Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 1
Fireplace
1
Lot features
Interior Lot
Elementary school
Ida Freeman ES
Middle school
Central MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
GPS is accurate. Swan Lake is just south of Danforth Rd. off of N Kelly Avenue.
Standard status
Active
APN
1119NONESwanLake73003
Size
1,209 SF
Lot size
0.08 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1983
Building materials
Brick & Frame
Roof type
Composition
Listing Agency:
Brix Realty
(405) 594-8341
Listed By:
Nancy Joy · License #200416
(253) 861-8540
Added: Jun 24
Changed: Aug 21
Last Checked: Sep 2 at 3:06AM
MLS# 1236095
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 duplex rental package consists of a total of nine homes with current tenants in place. Sellers prefer to sell as a single package, and the homes can be split into two groups (five homes and four homes) for separate sales. Each group must remain together and cannot be mixed or matched. Please do not trespass or disturb tenants, and no showings will be allowed until under contract. The properties are being sold as-is.
The offering is located at 1119 Swan Lake Road in Edmond, Oklahoma 73003. The package includes multiple MLS lots as listed in the remarks.
Constructed in 1983, the homes use brick & frame construction and feature natural gas heating with electric central air conditioning. Fireplace is present, and the roof is listed as composition. The lot size is 0.0826 acres and the property size is listed as 1209 square feet.
The offering is located at 1119 Swan Lake Road in Edmond, Oklahoma 73003. The package includes multiple MLS lots as listed in the remarks.
Constructed in 1983, the homes use brick & frame construction and feature natural gas heating with electric central air conditioning. Fireplace is present, and the roof is listed as composition. The lot size is 0.0826 acres and the property size is listed as 1209 square feet.
Key Highlights
- Nine‑home duplex rental package with tenants in place
- Split option into five homes and four homes; each group must stay together
- No showings until under contract; do not trespass or disturb tenants
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
$7,693
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
3.85%
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%
$153,860
$153.9K
Cap Rate 7%
$109,900
$109.9K
Cap Rate 9%
$85,478
$85.5K
Market Conditions
NOI Build-Up for 1,209 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
$15.5K $12.84/SF
− Vacancy
−$1.5K −$1.27/SF
EGI
$14.0K $11.57/SF
− OpEx
−$6.3K −$5.21/SF
NOI
$7.7K $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%
$153,860
Cap Rate 7%
$109,900
Cap Rate 9%
$85,478
Alternative Uses
Best Use
Apartment 5plus
$109.9K
$96.2K – $128.2K
NOI $7,693 @ 7.0% cap · market cap 3.85%
Second Best
Multifamily LT 5
$104.9K
$91.8K – $122.4K
NOI $7,346 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$251.8K
$220.3K – $293.8K
NOI $17,627 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
402
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Duplex rental package built in 1983 with brick and frame construction, central air, and fireplaces.
Where is this residential income property located?
The property is located at 1119 Swan Lake Road Edmond, OK.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Nine‑home duplex rental package with tenants in place; Split option into five homes and four homes; each group must stay together; No showings until under contract; do not trespass or disturb tenants
