Maintained Half-Duplex Multifamily
For Sale
$237,999
15524 Swallowtail Drive, Edmond, OK 73013
Residential, Edmond, OK
Property Size1,770 SF
Lot Size0.10 Acres
Price / SF$134.46
Days on Market8
Property Features for 15524 Swallowtail Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Interior features
Ceiling Fan(s)
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 Broadway extention travel west on 33rd st to Sante Fe rd, Head North on Sante Fe, and Butterfly Creek Addition will be on the left side
Standard status
Active
APN
15524NONESwallowtail73013
Size
1,770 SF
Lot size
0.10 Acres
Taxes and HOA fees
HOA Fee
$2,090 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
community pool
walking trails
clubhouse
community storm shelter
Building Details
Year built
2001
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty Elite
(405) 948-7500
Listed By:
Maryam Daneshfar
(405) 556-0744
Added: Aug 26
Changed: Sep 2
Last Checked: Sep 2 at 11:06AM
MLS# 1246319
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 1,770-square-foot half-duplex, built in 2001, offers three bedrooms, two bathrooms, and a two-car garage within the gated Butterfly Creek community in Edmond. The open main living area connects the kitchen, dining space, and living room, with wood flooring, a gas fireplace, natural light, stained cabinetry, generous counters, an electric range, and a breakfast bar. Tile flooring serves the kitchen and bathrooms. The primary suite includes a soaking tub, walk-in shower, and large walk-in closet, while the secondary bedrooms provide large closets. A laundry room adds built-in counters, a utility sink, and additional storage.
Community features include a pool, walking trails with pond views, a clubhouse with full kitchen, and a storm shelter. HOA services include lawn maintenance. Recent improvements include an AC unit installed in 2024, a water heater added in March 2026, fresh interior paint from May 2026, and new carpet installed throughout in May 2026. The property is located at 15524 Swallowtail Drive, Edmond, OK 73013.
Community features include a pool, walking trails with pond views, a clubhouse with full kitchen, and a storm shelter. HOA services include lawn maintenance. Recent improvements include an AC unit installed in 2024, a water heater added in March 2026, fresh interior paint from May 2026, and new carpet installed throughout in May 2026. The property is located at 15524 Swallowtail Drive, Edmond, OK 73013.
Key Highlights
- 1,770‑square‑foot half‑duplex with 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Gated Butterfly Creek community in Edmond with pool, clubhouse, walking trails, pond views, and storm shelter
- Open‑concept kitchen, dining, and living areas with breakfast bar and gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$225,240
$225.2K
Cap Rate 7%
$160,886
$160.9K
Cap Rate 9%
$125,133
$125.1K
Market Conditions
NOI Build-Up for 1,770 SF
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.
Gross rent
$22.7K $12.84/SF
− Vacancy
−$2.2K −$1.27/SF
EGI
$20.5K $11.57/SF
− OpEx
−$9.2K −$5.21/SF
NOI
$11.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$225,240
Cap Rate 7%
$160,886
Cap Rate 9%
$125,133
Alternative Uses
Best Use
Apartment 5plus
$160.9K
$140.8K – $187.7K
NOI $11,262 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.7K
$322.6K – $430.1K
NOI $25,806 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Gated Edmond community with pool, clubhouse, trails, pond views, storm shelter, and HOA-maintained lawns.
Where is this multifamily property located?
The property is located at 15524 Swallowtail Drive Edmond, OK.
What is the asking price?
The asking price for this property is $237,999.
What are key features of this property?
This property features: 1,770‑square‑foot half‑duplex with 3 bedrooms, 2 bathrooms, and a 2‑car garage; Gated Butterfly Creek community in Edmond with pool, clubhouse, walking trails, pond views, and storm shelter; Open‑concept kitchen, dining, and living areas with breakfast bar and gas fireplace
