Updated Half-Duplex
For Sale
$219,500
112 Ashley Drive, Edmond, OK 73003
Maintained multifamily property with updated flooring and a gas range, microwave, and dishwasher.
Property Size1,225 SF
Days on Market51
Property Features for 112 Ashley Drive
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Half Duplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$1,104
Amenities
gas range
microwave
dishwasher
Building Details
Building Size
1,225 SF
Year Built
2015
Listing Agency:
RE/MAX at Home
Listed By:
Francis Schuster
(405) 818-4017
Source:
Stetsonbentley
Added: Sep 4
Changed: Oct 22
Last Checked: Oct 23 at 4:05PM
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 RE/MAX at Home
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Investment Insights
Based on property information with market context.
This 2015 multifamily property comprises one-half of a duplex and contains 1,225 square feet. Interior updates include flooring along with a gas range, microwave, and dishwasher. The property is well maintained, and both sides of the duplex are occupied with varying lease expiration dates.
The half-duplex is offered in conjunction with 214 Ashley Dr. The property is near schools and dining, with the University of Central Oklahoma approximately 3 miles away. Additional duplexes on the same street may also be available for purchase.
The half-duplex is offered in conjunction with 214 Ashley Dr. The property is near schools and dining, with the University of Central Oklahoma approximately 3 miles away. Additional duplexes on the same street may also be available for purchase.
Key Highlights
- One‑half of a duplex offered with 214 Ashley Dr
- 1,225 square feet; built in 2015
- Both sides occupied with varying expiration dates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,795
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,900
$155.9K
Cap Rate 7%
$111,357
$111.4K
Cap Rate 9%
$86,611
$86.6K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$15.7K $12.84/SF
− Vacancy
−$1.6K −$1.27/SF
EGI
$14.2K $11.57/SF
− OpEx
−$6.4K −$5.21/SF
NOI
$7.8K $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%
$155,900
Cap Rate 7%
$111,357
Cap Rate 9%
$86,611
Alternative Uses
Best Use
Apartment 5plus
$111.4K
$97.4K – $129.9K
NOI $7,795 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.1K
$223.3K – $297.7K
NOI $17,860 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
481
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Maintained multifamily property with updated flooring and a gas range, microwave, and dishwasher.
Where is this multifamily property located?
The property is located at 112 Ashley Drive Edmond, OK.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: One‑half of a duplex offered with 214 Ashley Dr; 1,225 square feet; built in 2015; Both sides occupied with varying expiration dates
