Single-Family Rental
15420 Monarch Lane Edmond, OK 73013
15420 Monarch Lane, Edmond, OK, 73013
$250,000
For Sale
$250,000
SINGLE_FAMILY - Other - Edmond, OK
Property Size2,083 SF
Lot Size0.09 Acres
Price / SF$120.02
Days on Market37
Property Features for 15420 Monarch Lane
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- Patio and Porch features
- Patio
- Exterior features
- Patio-Covered
- Fireplace
- 1
- Appliances
- Dishwasher, Microwave, Refrigerator, Washer/Dryer, Water Heater
- Standard status
- Active
- APN
- 15420NONEMonarch73013
- Size
- 2,083 SF
- Lot size
- 0.09 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2001
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Keller Williams Realty Elite
(405) 948-7500
5629 N Classen BLVD, Oklahoma City, OK
Listed by
Meagan McGowen
(580) 220-7963
Added: Jun 13 Checked: Jul 19 at 5:06 pm
MLS# 1234384
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.
15420 Monarch Lane is a well-maintained single-family rental home with a 3-bedroom, 2-bath layout and an open-concept living, dining, and kitchen area. Appliances remain with the property, including the refrigerator, washer, and dryer. The home also features a covered back patio and a sprinkler system for outdoor convenience.
Located in the gated Butterfly Creek community in the Edmond Public School District, the property offers access to community amenities including a clubhouse with a large dining/gathering area and kitchen, an oversized below-ground storm shelter, a swimming pool, walking paths, and greenbelt views. The area provides easy access to the Kilpatrick Turnpike, Broadway Extension, and I-35.
An investor opportunity with immediate rental income, the current tenant is in place through December 2026.
Located in the gated Butterfly Creek community in the Edmond Public School District, the property offers access to community amenities including a clubhouse with a large dining/gathering area and kitchen, an oversized below-ground storm shelter, a swimming pool, walking paths, and greenbelt views. The area provides easy access to the Kilpatrick Turnpike, Broadway Extension, and I-35.
An investor opportunity with immediate rental income, the current tenant is in place through December 2026.
Key Highlights
- Tenant already in place through December 2026 for immediate rental income
- 3‑bedroom, 2‑bath home built in 2001 in the gated Butterfly Creek community (Edmond Public School District)
- Open‑concept living, dining, and kitchen areas; fireplace in the home
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 | $26.7k | $12.84 |
| − Vacancy | −$2.6k | −$1.27 |
| EGI | $24.1k | $11.57 |
| − OpEx | −$10.8k | −$5.21 |
| NOI | $13.3k | $6.36 |
2,083 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$189.3K
$165.7K – $220.9K
NOI $13,254 @ 7.0% cap · market cap 5.30%
Second Best
Multifamily LT 5
$180.8K
$158.2K – $210.9K
NOI $12,656 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$433.9K
$379.6K – $506.2K
NOI $30,370 @ 7.0% cap · market cap 12.15%
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 - Tenant-in-place lease runs through December 2026 for this 3-bedroom, 2-bath home with included appliances.
Where is this duplex located?
The property is located at 15420 Monarch Lane Edmond, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Tenant already in place through December 2026 for immediate rental income; 3‑bedroom, 2‑bath home built in 2001 in the gated Butterfly Creek community (Edmond Public School District); Open‑concept living, dining, and kitchen areas; fireplace in the home
