Edmond Duplex Near
124 Barrett Place Edmond, OK 73003
For Sale
$275,000
Pending
MULTI_FAMILY - Other - Edmond, OK
Property Size2,058 SF
Lot Size0.37 Acres
Days on Market107
Property Features for 124 Barrett Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3
Standard status
Pending
APN
124NONEBarrett73003
Size
2,058 SF
Lot size
0.37 Acres
Building Details
Year built
1981
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
LRE Realty LLC
(405) 285-5750
Listed By:
Tara Levinson · License #145328
(405) 414-8750
Added: Apr 15
Changed: Jul 29
Last Checked: Jul 30 at 12:06AM
MLS# 1224282
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Investment Insights
Based on property information with market context.
This duplex is located in the heart of Edmond. Each unit features a functional layout with 2 bedrooms and 1 bathroom. Each unit includes a private fenced yard and a 1-car attached garage. The property is within walking distance of the University of Central Oklahoma (UCO), making it suitable for college students or university staff. Residents can access the dining, shopping, and nightlife of downtown Edmond and the Railyard district, as well as local parks and the Edmond Farmer's Market. The property offers long-term value in a high-demand rental market. The lot size is 0.3717 acres and the property size is 2058 square feet. Both units are currently occupied with lease agreements in effect.
Key Highlights
- Duplex built in 1981 with brick construction and a composition roof
- Each unit has a 2‑bedroom, 1‑bathroom layout
- Both units include private fenced yards
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 | $26.4k | $12.84 |
| − Vacancy | −$2.6k | −$1.27 |
| EGI | $23.8k | $11.57 |
| − OpEx | −$10.7k | −$5.21 |
| NOI | $13.1k | $6.36 |
2,058 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,095 @ 7.0% cap · market cap 4.76%
Second Best
Multifamily LT 5
$178.6K
$156.3K – $208.4K
NOI $12,504 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$428.6K
$375.1K – $500.1K
NOI $30,005 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in prime location near UCO with fenced yards.
Where is this duplex located?
The property is located at 124 Barrett Place Edmond, OK.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex built in 1981 with brick construction and a composition roof; Each unit has a 2‑bedroom, 1‑bathroom layout; Both units include private fenced yards
