9-Home Residential Income
1119 Swan Lake Road Edmond, OK 73003
1119 Swan Lake Road, Edmond, OK, 73003
$200,000
For Sale
$200,000
SINGLE_FAMILY - Edmond, OK
Property Size1,209 SF
Lot Size0.08 Acres
Price / SF$165.43
Days on Market25
Property Features for 1119 Swan Lake Road
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- Fireplace
- 1
- Standard status
- Active
- APN
- 1119NONESwanLake73003
- Size
- 1,209 SF
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1983
- Building materials
- Brick & Frame
- Roof type
- Composition
Listing Agency
Brix Realty
(405) 594-8341
704 W. Sheridan Ave., Oklahoma City, OK
Listed by
Nancy Joy · License #200416
(253) 861-8540
Added: Jun 24 Checked: Jul 18 at 6:06 am
MLS# 1236095
Listing URL
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 offering is a 9-home residential rental package with current tenants in place. The homes include a mix of duplexes, townhomes, and single-family residences, with most units configured as 3 bed/2 bath and featuring 2-car garages; many also include fireplaces. The seller prefers to sell the property “as is.”
The package is structured into two separate lots that must remain together and cannot be mixed and matched between lots. Lot 1 includes four homes, and Lot 2 includes five homes. The seller notes the package can be split into 5 homes and 4 homes for separate sales, but all homes within each lot must stay together. Current rent is listed as $5,710 for Lot 1 and $7,250 for Lot 2. All showings are restricted, with no showings allowed until the property is under contract.
MLS references for the homes are provided in the remarks, and the seller indicates the homes are located in the Edmond area near Midwest City, Del City, and Tinker AFB/OKC.
The package is structured into two separate lots that must remain together and cannot be mixed and matched between lots. Lot 1 includes four homes, and Lot 2 includes five homes. The seller notes the package can be split into 5 homes and 4 homes for separate sales, but all homes within each lot must stay together. Current rent is listed as $5,710 for Lot 1 and $7,250 for Lot 2. All showings are restricted, with no showings allowed until the property is under contract.
MLS references for the homes are provided in the remarks, and the seller indicates the homes are located in the Edmond area near Midwest City, Del City, and Tinker AFB/OKC.
Key Highlights
- 9‑home rental package with current tenants in place; sellers prefer to sell as‑is (no showings until under contract).
- Lot 1 includes 4 homes (MLS# 1236113, 1236117, 1236112, 1236109) with total current rent of $5,710.
- Lot 2 includes 5 homes (MLS# 1235990, 1236016, 1236093, 1236095, 1236098) with total current rent of $7,250.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.5k | $12.84 |
| − Vacancy | −$1.5k | −$1.27 |
| EGI | $14.0k | $11.57 |
| − OpEx | −$6.3k | −$5.21 |
| NOI | $7.7k | $6.36 |
1,209 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale in Edmond, OK with tenants in place, comprising duplexes, townhomes, and single-family homes sold in two unmixed lots.
Where is this duplex 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: 9‑home rental package with current tenants in place; sellers prefer to sell as‑is (no showings until under contract).; Lot 1 includes 4 homes (MLS# 1236113, 1236117, 1236112, 1236109) with total current rent of $5,710.; Lot 2 includes 5 homes (MLS# 1235990, 1236016, 1236093, 1236095, 1236098) with total current rent of $7,250.
