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Residential Income Half-Duplex
For Sale
$195,000

14 NW 156th Street, Edmond, OK 73013

Residential, Edmond, OK

Property Size1,292 SF
Lot Size0.08 Acres
Price / SF$150.93
Days on Market63

Property Features for 14 NW 156th Street

General Information

Property type Residential
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Fireplace 1
Lot features Interior Lot
Elementary school Charles Haskell ES
Middle school Summit MS
High school Santa Fe HS
Elementary school district Edmond
Middle school district Edmond
High school district Edmond
Directions From Santa Fe and 2nd Street go south to NW 156th street on your right. Enter on NW 156th and curve back around to your north and duplex will be on the south side.
Standard status Active
APN 14NW156th1473013
Size 1,292 SF
Lot size 0.08 Acres

Utilities

Heating system Electric (Heating)
Cooling system Central Air, Gas (Cooling)

Building Details

Year built 2003
Building materials Brick & Frame
Roof type Shingle
Architectural style Other
Listing Agency: Copper Creek Real Estate
Listed By: Steven Thacker
Added: Aug 4 Changed: Sep 17 Last Checked: Oct 5 at 4:06PM
MLS# 1242643

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 1,292-square-foot half-duplex provides two bedrooms, two full bathrooms, and a flex room that can accommodate an additional bedroom, office, or hobby area. The residence was built in 2003 with brick-and-frame construction, a shingle roof, central air, electric heating, and a fireplace.

The property occupies 0.0804 acres at 14 NW 156th Street in Edmond, Oklahoma 73013. It is offered as an individual half-duplex, with the seller also considering multiple duplexes or the broader portfolio. Additional occupied units may be available for viewing after an executed purchase contract, and rent rolls and other investment materials are available upon request.

Key Highlights

  • 1,292‑square‑foot half‑duplex
  • Two bedrooms, two full bathrooms, and a flex room
  • Built in 2003 with brick‑and‑frame construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$8,221
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,420 $164.4K
Cap Rate 7%
$117,443 $117.4K
Cap Rate 9%
$91,344 $91.3K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$16.6K $12.84/SF
− Vacancy
−$1.6K −$1.27/SF
EGI
$14.9K $11.57/SF
− OpEx
−$6.7K −$5.21/SF
NOI
$8.2K $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%
$164,420
Cap Rate 7%
$117,443
Cap Rate 9%
$91,344

Alternative Uses

Best Use
Apartment 5plus
$117.4K
$102.8K – $137.0K (±1% cap)
NOI $8,221 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.1K
$235.5K – $314.0K (±1% cap)
NOI $18,837 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Restaurant Auto Parts Store Accounting Firm HVAC Service Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

451
Businesses Nearby

Demographics for 73013, OK

56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom residence with two full baths, a flexible bonus room, and low-maintenance brick-and-frame construction.
Where is this residential income property located?
The property is located at 14 NW 156th Street Edmond, OK.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,292‑square‑foot half‑duplex; Two bedrooms, two full bathrooms, and a flex room; Built in 2003 with brick‑and‑frame construction
More about this property
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