Updated Duplex with Two 3-2-2
116 Ashley Drive Edmond, OK 73003
116 Ashley Drive, Edmond, OK, 73003
$439,000
For Sale
$439,000
SINGLE_FAMILY - Other - Edmond, OK
Property Size2,450 SF
Lot Size0.10 Acres
Price / SF$179.18
Days on Market140
Property Features for 116 Ashley Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Patio and Porch features
- Patio
- Exterior features
- Patio - Open
- Fencing
- Chain Link
- Appliances
- Dishwasher, Disposal, Microwave
- Standard status
- Active
- APN
- 116NONEAshley116and11873003
- Size
- 2,450 SF
- Lot size
- 0.10 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2015
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
RE/MAX at Home
(405) 708-6691
3121 Quail Springs Parkway, Edmond, OK
Listed by
Frank Schuster · License #74063
(405) 818-4017
Added: Mar 1 Checked: Jul 19 at 5:06 pm
MLS# 1216589
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 complete duplex features two identical 3-2-2 layouts, with each side at 1,225 square feet for a total of 2,450 square feet. Unit 116 is currently occupied and has been updated with new flooring and paint. The unit includes a gas range, microwave, and oven.
Unit 118 is also occupied and can be shown with a purchase commitment. This side has been completely updated with $15,000 in improvements.
The property is located at 116 Ashley Drive in Edmond, Oklahoma (Oklahoma County).
Unit 118 is also occupied and can be shown with a purchase commitment. This side has been completely updated with $15,000 in improvements.
The property is located at 116 Ashley Drive in Edmond, Oklahoma (Oklahoma County).
Key Highlights
- Complete duplex with each side configured as 3 bed, 2 bath, 2‑car and 1,225 sq ft
- One unit (116) is occupied and has updated flooring and paint
- Unit 116 includes a gas range, microwave, and oven
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 | $31.5k | $12.84 |
| − Vacancy | −$3.1k | −$1.27 |
| EGI | $28.3k | $11.57 |
| − OpEx | −$12.8k | −$5.21 |
| NOI | $15.6k | $6.36 |
2,450 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$222.7K
$194.9K – $259.8K
NOI $15,589 @ 7.0% cap · market cap 3.55%
Second Best
Multifamily LT 5
$212.7K
$186.1K – $248.1K
NOI $14,886 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$510.3K
$446.5K – $595.3K
NOI $35,720 @ 7.0% cap · market cap 8.14%
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 - Complete duplex with two occupied 3-bedroom, 2-bath sides, each with updated interior finishes.
Where is this duplex located?
The property is located at 116 Ashley Drive Edmond, OK.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Complete duplex with each side configured as 3 bed, 2 bath, 2‑car and 1,225 sq ft; One unit (116) is occupied and has updated flooring and paint; Unit 116 includes a gas range, microwave, and oven
