Updated Duplex Investment
For Sale
$219,500
114 Ashley Dr, Edmond, OK 73003
Half-duplex property with updated flooring, a gas range, microwave, and dishwasher.
Property Size1,225 SF
Price / SF$179.18
Days on Market49
Property Features for 114 Ashley Dr
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2015
Buildings
1
Listing Agency:
Keller Williams Realty Elite
(405) 948-7500
Listed By:
Homestead & Co
(405) 509-0541
Source:
Homesteadrealtyco
Added: Sep 6
Changed: Oct 23
Last Checked: Oct 23 at 7:26AM
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 Keller Williams Realty Elite
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Investment Insights
Based on property information with market context.
This residential income property is a half-duplex built in 2015 and is being sold in conjunction with 212 Ashley Drive. Interior updates include flooring, a gas range, microwave, and dishwasher. Both sides are occupied with varying lease expiration dates.
The property is near schools and dining, with the University of Central Oklahoma approximately 3 miles away. Several additional duplexes on the same street may also be available for purchase, offering a broader acquisition option for interested buyers.
The property is near schools and dining, with the University of Central Oklahoma approximately 3 miles away. Several additional duplexes on the same street may also be available for purchase, offering a broader acquisition option for interested buyers.
Key Highlights
- Half‑duplex sold in conjunction with 212 Ashley Drive
- Built in 2015
- 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.
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Open Analytics
Lease Details
2
Residential units
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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Frequently Asked Questions
What type of property is this?
Residential income property - Half-duplex property with updated flooring, a gas range, microwave, and dishwasher.
Where is this residential income property located?
The property is located at 114 Ashley Dr 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: Half‑duplex sold in conjunction with 212 Ashley Drive; Built in 2015; Both sides occupied with varying lease expiration dates
