Occupied Multifamily
112 Ashley Drive, Edmond, OK 73003
For Sale
$219,500
Residential, Edmond, OK
Property Size1,225 SF
Lot Size0.11 Acres
Price / SF$179.18
Days on Market70
Property Features for 112 Ashley Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Fencing
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX at Home · RE/MAX International
(405) 708-6691
Listed By:
Francis Schuster · License OK #74063
(405) 818-4017
Added: Sep 4
Changed: Nov 9
Last Checked: Nov 12 at 6:06AM
MLS# 1247862
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.
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.
This 1,225-square-foot, half-duplex property was built in 2015 and is offered in conjunction with 214 Ashley Dr. The room list includes three bedrooms and two bathrooms. Brick and frame construction, a patio, chain-link fencing, and rain gutters are among the property’s features. The interior has updated flooring, and the kitchen includes a gas range, microwave, and dishwasher.
Both sides are occupied, with lease expiration dates that vary. Schools and dining are nearby, and the property is 3 miles from UCO. Other duplexes on the same street may also be available for purchase.
Both sides are occupied, with lease expiration dates that vary. Schools and dining are nearby, and the property is 3 miles from UCO. Other duplexes on the same street may also be available for purchase.
Key Highlights
- 1,225 square feet; built in 2015
- Half‑duplex offered with 214 Ashley Dr.
- Both sides occupied, with varying lease 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
$230,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Edmond, OK
Properties on Market for Multifamily properties in Edmond
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is offered alongside 214 Ashley Dr., with both sides currently occupied.
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: 1,225 square feet; built in 2015; Half‑duplex offered with 214 Ashley Dr.; Both sides occupied, with varying lease expiration dates
