Two-Unit Duplex with
1312 Pennington Avenue, Edmond, OK 73012
For Sale
New
$280,000
Residential Income, Edmond, OK
Property Size2,292 SF
Lot Size0.17 Acres
Price / SF$122.16
Days on Market1
Property Features for 1312 Pennington Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Building Details
Year built
Floors in Building
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Eleonore Hutton
(405) 412-6921
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1258015
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 Edmond duplex contains two residences: one with three bedrooms and 1.5 baths, and the other with two bedrooms and 1.5 baths. The second unit includes a one-car garage. Improvements include foundation work, interior and exterior painting, new flooring, plumbing and electrical updates, and other repairs. A roof replacement is scheduled before closing. The property was built in 1981 and occupies a 0.1736-acre lot.
The duplex is located in Edmond Schools. Its two-unit arrangement and differing bedroom counts provide distinct residential layouts within one property.
The duplex is located in Edmond Schools. Its two-unit arrangement and differing bedroom counts provide distinct residential layouts within one property.
Key Highlights
- Two units: one with 3 bedrooms and 1.5 baths; the other with 2 bedrooms and 1.5 baths
- One unit includes a 1‑car garage
- Foundation work, painting, flooring, plumbing and electrical updates, and other repairs completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,584
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,680
$291.7K
Cap Rate 7%
$208,343
$208.3K
Cap Rate 9%
$162,044
$162.0K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$29.4K $12.84/SF
− Vacancy
−$2.9K −$1.27/SF
EGI
$26.5K $11.57/SF
− OpEx
−$11.9K −$5.21/SF
NOI
$14.6K $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%
$291,680
Cap Rate 7%
$208,343
Cap Rate 9%
$162,044
Alternative Uses
Best Use
Apartment 5plus
$208.3K
$182.3K – $243.1K
NOI $14,584 @ 7.0% cap · market cap 5.21%
Second Best
Multifamily LT 5
$198.9K
$174.1K – $232.1K
NOI $13,926 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$477.4K
$417.7K – $557.0K
NOI $33,417 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
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Business Placement
Demographics for 73012, OK
41,289
Population
16,172
Households
2.6
Avg Household Size
34
Median Age
56%
College-Educated
97%
High-School Grad
34.1 sq mi
ZIP Area
1,211
Density / Sq Mi
$123,528
Median Household Income
$59,000
Median Earnings
$1,779
Median Rent
$295,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Edmond, OK
Properties on Market for Duplexes in Edmond
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence includes a one-car garage, while both units have updated interiors and documented building improvements.
Where is this duplex located?
The property is located at 1312 Pennington Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 1.5 baths; the other with 2 bedrooms and 1.5 baths; One unit includes a 1‑car garage; Foundation work, painting, flooring, plumbing and electrical updates, and other repairs completed
