Maintenance-Free 55+ Duplex
For Sale
$290,000
16104 Vintage Court, Edmond, OK 73013
Residential, Edmond, OK
Property Size2,269 SF
Lot Size0.14 Acres
Price / SF$127.81
Days on Market75
Property Features for 16104 Vintage Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 3
Window features
Window Treatments
Patio and Porch features
Patio, Porch
Interior features
Whirlpool
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Water Heater
Lot features
Interior Lot
Elementary school
West Field ES
Middle school
Summit MS
High school
Santa Fe HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
From N Penn Ave and NW 150th St, Go N on Penn Ave. Turn E on NW 159th St. Turn N on Sonoma Dr. Turn W on NW 160th St. NW 160th St turns N to Vintage Ct.
Standard status
Active
APN
16104NONEVintage73013
Size
2,269 SF
Lot size
0.14 Acres
Taxes and HOA fees
HOA Fee
$2,280 Annually
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Electric
Amenities
clubhouse
swimming pool
gated community
Building Details
Year built
1998
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Summit · Keller Williams Realty
(405) 691-2556
Listed By:
Nicole Woodson
(405) 816-0046
Added: Jun 25
Changed: Sep 4
Last Checked: Sep 7 at 6:06PM
MLS# 1236430
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.
Enjoy maintenance-free living in this gated 55+ community duplex home in Edmond. The residence features 2,269 SF of well-planned space with 3 bedrooms, a dedicated study, and 2.5 bathrooms. Interior highlights include fresh new carpet, an expansive living room with crown molding, and a brick hearth fireplace. The kitchen is equipped for everyday living and entertaining, with granite countertops, warm wood cabinetry, a travertine backsplash, a breakfast bar, eat-in dining, and an extra-large formal dining area, plus a coffee bar with Lazy Susan. The oversized primary suite includes private patio access and an en suite with dual vanities, a jetted soaker tub, a separate shower, and a walk-in closet.
Outside, enjoy two patios—one covered—plus covered porch space overlooking maintained green area. A 2-car garage supports convenient daily use. Built in 1998 with brick & frame construction, natural gas heating, and central air with electric cooling, the home also includes a covered roof with a composition shingle roof.
HOA services include lawn mowing, edging, weeding, leaf removal, sprinkler system maintenance, exterior house painting, and gated security. Residents have exclusive access to the community clubhouse and swimming pool.
Outside, enjoy two patios—one covered—plus covered porch space overlooking maintained green area. A 2-car garage supports convenient daily use. Built in 1998 with brick & frame construction, natural gas heating, and central air with electric cooling, the home also includes a covered roof with a composition shingle roof.
HOA services include lawn mowing, edging, weeding, leaf removal, sprinkler system maintenance, exterior house painting, and gated security. Residents have exclusive access to the community clubhouse and swimming pool.
Key Highlights
- 2,269 SF home with three bedrooms plus dedicated study and 2.5 bathrooms
- Gated 55+ community duplex with two patios, including one covered
- Brick hearth fireplace in the expansive living room with crown molding
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
$14,437
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
4.98%
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%
$288,740
$288.7K
Cap Rate 7%
$206,243
$206.2K
Cap Rate 9%
$160,411
$160.4K
Market Conditions
NOI Build-Up for 2,269 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
$29.1K $12.84/SF
− Vacancy
−$2.9K −$1.27/SF
EGI
$26.2K $11.57/SF
− OpEx
−$11.8K −$5.21/SF
NOI
$14.4K $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%
$288,740
Cap Rate 7%
$206,243
Cap Rate 9%
$160,411
Alternative Uses
Best Use
Apartment 5plus
$206.2K
$180.5K – $240.6K
NOI $14,437 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$472.6K
$413.5K – $551.4K
NOI $33,081 @ 7.0% cap · market cap 11.41%
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
343
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Gated 55+ community duplex with covered patios, fireplace, and HOA services including lawn care and exterior painting.
Where is this single family property located?
The property is located at 16104 Vintage Court Edmond, OK.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2,269 SF home with three bedrooms plus dedicated study and 2.5 bathrooms; Gated 55+ community duplex with two patios, including one covered; Brick hearth fireplace in the expansive living room with crown molding
