Updated Half-Duplex with Flex
1400 Pennington Avenue Edmond, OK 73012
1400 Pennington Avenue, Edmond, OK, 73012
$173,000
Pending
For Sale
$173,000
Pending
SINGLE_FAMILY - Other - Edmond, OK
Property Size1,000 SF
Lot Size0.09 Acres
Days on Market108
Property Features for 1400 Pennington Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
- Patio and Porch features
- Porch
- Exterior features
- Covered Porch
- Standard status
- Pending
- APN
- 1400NONEPennington73012
- Size
- 1,000 SF
- Lot size
- 0.09 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1981
- Building materials
- Brick & Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Brix Realty
(405) 594-8341
704 W. Sheridan Ave., Oklahoma City, OK
Listed by
Micah McGahan · License #159945
(405) 740-4808
Added: Apr 3 Checked: Jul 19 at 5:06 pm
MLS# 1222434
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 updated half-duplex offers a fresh interior and exterior with new paint throughout and flooring that runs seamlessly from room to room. The kitchen has been remodeled with granite countertops and brand-new stainless steel appliances.
A partially converted garage creates a versatile flex room, offering additional space for a study, office, playroom, or other living use; the converted area is noted as not included in the listed square footage. The home is in the Edmond Public Schools district.
Set on a small lot, the property is positioned as a low-maintenance option in Edmond and is described as providing convenient access to schools, parks, shopping, and dining.
A partially converted garage creates a versatile flex room, offering additional space for a study, office, playroom, or other living use; the converted area is noted as not included in the listed square footage. The home is in the Edmond Public Schools district.
Set on a small lot, the property is positioned as a low-maintenance option in Edmond and is described as providing convenient access to schools, parks, shopping, and dining.
Key Highlights
- Updated half‑duplex with fresh interior and exterior paint for a move‑in‑ready feel
- New flooring throughout for a modern, cohesive room‑to‑room flow
- Updated kitchen with granite countertops and brand‑new stainless steel appliances
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 | $12.8k | $12.84 |
| − Vacancy | −$1.3k | −$1.27 |
| EGI | $11.6k | $11.57 |
| − OpEx | −$5.2k | −$5.21 |
| NOI | $6.4k | $6.36 |
1,000 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$90.9K
$79.5K – $106.1K
NOI $6,363 @ 7.0% cap · market cap 3.68%
Second Best
Multifamily LT 5
$86.8K
$76.0K – $101.3K
NOI $6,076 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 8.43%
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 - Recently refreshed half-duplex featuring updated flooring, a remodeled kitchen, and a partially converted garage flex room.
Where is this duplex located?
The property is located at 1400 Pennington Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $173,000.
What are key features of this property?
This property features: Updated half‑duplex with fresh interior and exterior paint for a move‑in‑ready feel; New flooring throughout for a modern, cohesive room‑to‑room flow; Updated kitchen with granite countertops and brand‑new stainless steel appliances
