Duplex with Attached
New
For Sale
$225,000
1405 Pennington Avenue, Edmond, OK 73012
Residential Income, Edmond, OK
Property Size2,136 SF
Lot Size0.20 Acres
Price / SF$105.34
Days on Market3
Property Features for 1405 Pennington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Fireplace
1
Lot features
Corner Lot
Elementary school
Sunset ES
Middle school
Heartland MS
High school
Santa Fe HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Standard status
Active
APN
1405NONEPennington73012
Size
2,136 SF
Lot size
0.20 Acres
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric
Amenities
fenced backyards
Building Details
Year built
1983
Building materials
Brick & Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homestead + Co
(405) 509-0541
Listed By:
Tyler Weinrich
(405) 641-7659
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 7:06AM
MLS# 1253105
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 1983 brick-and-frame duplex contains two 1,068-square-foot units, each arranged with two bedrooms and two bathrooms. A one-car garage and a fenced backyard serve each residence. The 2,136-square-foot building has a shingle roof and central natural-gas heating with electric cooling. A fireplace is also present.
One unit is leased month to month at $1,245 per month. The vacant unit has a minor foundation issue and needs cosmetic repairs; the seller prefers an as-is sale. The roof dates to 2016. HVAC systems were installed in 2019 in the occupied unit and 2016 in the vacant unit. The occupied unit’s water heater is operational, though its age is unknown; the vacant unit’s water heater dates to 2006.
One unit is leased month to month at $1,245 per month. The vacant unit has a minor foundation issue and needs cosmetic repairs; the seller prefers an as-is sale. The roof dates to 2016. HVAC systems were installed in 2019 in the occupied unit and 2016 in the vacant unit. The occupied unit’s water heater is operational, though its age is unknown; the vacant unit’s water heater dates to 2006.
Key Highlights
- Two‑unit duplex totaling 2,136 square feet
- Each side has 2 bedrooms, 2 bathrooms, a one‑car garage and a fenced backyard
- One unit is leased month to month at $1,245 per month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,591
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,820
$271.8K
Cap Rate 7%
$194,157
$194.2K
Cap Rate 9%
$151,011
$151.0K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$27.4K $12.84/SF
− Vacancy
−$2.7K −$1.27/SF
EGI
$24.7K $11.57/SF
− OpEx
−$11.1K −$5.21/SF
NOI
$13.6K $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%
$271,820
Cap Rate 7%
$194,157
Cap Rate 9%
$151,011
Alternative Uses
Best Use
Apartment 5plus
$194.2K
$169.9K – $226.5K
NOI $13,591 @ 7.0% cap · market cap 6.04%
Second Best
Multifamily LT 5
$185.4K
$162.2K – $216.3K
NOI $12,978 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$444.9K
$389.3K – $519.0K
NOI $31,142 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private fenced yards, and one unit is occupied on a month-to-month lease.
Where is this duplex located?
The property is located at 1405 Pennington Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,136 square feet; Each side has 2 bedrooms, 2 bathrooms, a one‑car garage and a fenced backyard; One unit is leased month to month at $1,245 per month
