Two-Bedroom Half-Duplex Income
For Sale
$195,000
14 NW 156th Street Unit 14, Edmond, OK 73013
This residence combines two bedrooms, two full bathrooms, and a flexible additional room within a duplex configuration.
Property Size1,292 SF
Days on Market82
Property Features for 14 NW 156th Street Unit 14
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$2,263
Building Details
Building Size
1,292 SF
Year Built
2003
Listing Agency:
Copper Creek Real Estate
Listed By:
Steven Thacker
(405) 694-7562
Source:
Stetsonbentley
Added: Aug 4
Changed: Oct 23
Last Checked: Oct 23 at 12:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Copper Creek Real Estate
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Investment Insights
Based on property information with market context.
This residential income property is a 1,292 square foot half duplex with two bedrooms, two full bathrooms, and a flex room that can support use as a third bedroom, home office, or hobby space. Built in 2003, the residence is part of Sheffield Gardens and is located in Edmond, Oklahoma.
The property is one of several duplexes available through the same offering. The seller will consider an individual half duplex, multiple duplexes, or the complete portfolio. Occupied units may be available for viewing after an executed purchase contract, and rent rolls and additional investment information are available upon request.
The property is one of several duplexes available through the same offering. The seller will consider an individual half duplex, multiple duplexes, or the complete portfolio. Occupied units may be available for viewing after an executed purchase contract, and rent rolls and additional investment information are available upon request.
Key Highlights
- 1,292 square foot half duplex
- 2 bedrooms and 2 full bathrooms
- Flex room suitable for a third bedroom, home office, or hobby space
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
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
NOI $18,837 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential income property - This residence combines two bedrooms, two full bathrooms, and a flexible additional room within a duplex configuration.
Where is this residential income property located?
The property is located at 14 NW 156th Street Unit 14 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; 2 bedrooms and 2 full bathrooms; Flex room suitable for a third bedroom, home office, or hobby space
