Updated Duplex
For Sale
$219,500
114 Ashley Drive, Edmond, OK 73003
Residential, Edmond, OK
Property Size1,225 SF
Lot Size0.11 Acres
Price / SF$179.18
Days on Market49
Property Features for 114 Ashley Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1
Window features
Window Treatments
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Appliances
Dishwasher, Disposal, Microwave
Lot features
Interior Lot
Elementary school
Ida Freeman ES
Middle school
Sequoyah MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
FROM DANFORTH AND FRETZ, SOUTH TO ASHLEY DR, EAST TO HOME
Standard status
Active
APN
114NONEAshley73003
Size
1,225 SF
Lot size
0.11 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
2015
Flooring type
Combo
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX at Home · RE/MAX International
(405) 708-6691
Listed By:
Francis Schuster
(405) 818-4017
Added: Sep 4
Changed: Oct 20
Last Checked: Oct 22 at 1:06PM
MLS# 1247867
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.
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Investment Insights
Based on property information with market context.
This offering comprises one side of a duplex and is being sold together with 212 Ashley Drive. The 1,225-square-foot property was built in 2015 on a 0.1065-acre lot and features brick-and-frame construction, combination flooring, natural-gas heat, electric cooling, and a patio. Interior improvements include refreshed flooring, a gas range, microwave, dishwasher, disposal, and ceiling fans.
Both sides are occupied, with lease expiration dates staggered across the property. The home is near schools and dining, and the University of Central Oklahoma is approximately 3 miles away. Cable service is available, and the roof is composition shingle.
Both sides are occupied, with lease expiration dates staggered across the property. The home is near schools and dining, and the University of Central Oklahoma is approximately 3 miles away. Cable service is available, and the roof is composition shingle.
Key Highlights
- 1,225‑square‑foot duplex property built in 2015
- 0.1065‑acre lot with brick‑and‑frame construction
- 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
Multifamily LT 5
$106.3K
$93.0K – $124.1K
NOI $7,443 @ 7.0% cap · market cap 3.39%
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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Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The offering includes refreshed flooring, kitchen appliances, a patio, and ceiling fans.
Where is this duplex located?
The property is located at 114 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‑foot duplex property built in 2015; 0.1065‑acre lot with brick‑and‑frame construction; Both sides occupied with varying lease expiration dates
