Updated Half-Duplex with Covered
1641 Laurel Drive Edmond, OK 73003
1641 Laurel Drive, Edmond, OK, 73003
$239,900
Pending
For Sale
$239,900
Pending
SINGLE_FAMILY - Other - Edmond, OK
Property Size1,444 SF
Lot Size0.08 Acres
Days on Market59
Property Features for 1641 Laurel Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
- Patio and Porch features
- Patio, Porch
- Exterior features
- Patio-Covered, Covered Porch
- Fireplace
- 1
- Standard status
- Pending
- APN
- 1641NONELaurel73003
- Size
- 1,444 SF
- Lot size
- 0.08 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1999
- Flooring type
- Combo, Tile, Wood
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agency
CB/Mike Jones Company
(405) 722-1000
Listed by
Melissa R Barnes · License #151604
(405) 323-3392
Added: May 24 Updated: Jul 18 at 3:31AM Checked: Jul 21 at 6:06PM
MLS# 1230849
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.
Welcome to 1641 Laurel Drive, an updated, single-level half-duplex in the Laurel Court enclave of 26 homes. Inside, the home features a split-bedroom floor plan with extra-wide hallways and doorways designed for enhanced accessibility. The kitchen has been remodeled with quartz countertops, a new backsplash, stainless steel appliances, and updated flooring and paint.
Additional updates include a high-efficiency HVAC system installed in 2024 and a newer roof from 2021. Outdoors, the home sits on a choice corner lot with a fully fenced backyard and a covered patio.
The HOA provides a turnkey lifestyle with lawn mowing, sprinkler maintenance and sprinkler water usage, fertilization, and exterior painting, supporting a low-maintenance routine for residents.
Additional updates include a high-efficiency HVAC system installed in 2024 and a newer roof from 2021. Outdoors, the home sits on a choice corner lot with a fully fenced backyard and a covered patio.
The HOA provides a turnkey lifestyle with lawn mowing, sprinkler maintenance and sprinkler water usage, fertilization, and exterior painting, supporting a low-maintenance routine for residents.
Key Highlights
- Single‑level half‑duplex in the 26‑home Laurel Court enclave
- Remodeled kitchen with quartz countertops, new backsplash, and stainless steel appliances
- Updated HVAC system (2024) plus newer roof (2021)
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 | $18.5k | $12.84 |
| − Vacancy | −$1.8k | −$1.27 |
| EGI | $16.7k | $11.57 |
| − OpEx | −$7.5k | −$5.21 |
| NOI | $9.2k | $6.36 |
1,444 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$131.3K
$114.9K – $153.1K
NOI $9,188 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.8K
$263.2K – $350.9K
NOI $21,053 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Single-level half-duplex with a split-bedroom layout, updated kitchen, fenced backyard, and covered patio.
Where is this single family property located?
The property is located at 1641 Laurel Drive Edmond, OK.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Single‑level half‑duplex in the 26‑home Laurel Court enclave; Remodeled kitchen with quartz countertops, new backsplash, and stainless steel appliances; Updated HVAC system (2024) plus newer roof (2021)
