Two-Unit Duplex with Covered
For Sale
$425,000
17119 Cedar Drive, Edmond, OK 73012
Two distinct floor plans offer private patios, generous storage, and established rental history.
Property Size3,090 SF
Days on Market136
Property Features for 17119 Cedar Drive
General Information
Standard status
Active
Size
3,090 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,704
Building Details
Building Size
3,090 SF
Year Built
2002
Tenancy
Multi
Listing Agency:
RE/MAX at Home
Listed By:
Brian Preston · License #85746
(405) 826-5725
Source:
Stetsonbentley
Added: Jun 24
Changed: Oct 31
Last Checked: Nov 4 at 7:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX at Home
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Investment Insights
Based on property information with market context.
This two-unit duplex, built in 2002, offers distinct layouts rather than mirror-image floor plans. One unit includes two bedrooms, a study, two bathrooms, a large kitchen with a gas range top, a covered patio, a primary bedroom with a large closet, French doors at the front study, and extensive cabinet and storage space. The second unit also includes two bedrooms and two bathrooms, with front-and-back bedroom placement, a side-entry patio, and a large primary-bedroom closet.
The property has established rental history, including one renter with a ten-year tenancy. That renter has recently moved, leaving the unit ready for occupancy or a new renter. The duplex is located on Cedar Drive in Edmond, Oklahoma.
The property has established rental history, including one renter with a ten-year tenancy. That renter has recently moved, leaving the unit ready for occupancy or a new renter. The duplex is located on Cedar Drive in Edmond, Oklahoma.
Key Highlights
- Two‑unit duplex built in 2002
- Distinct floor plans rather than mirror‑image layouts
- One unit features a study, gas range top, covered patio, and French doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,661
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,220
$393.2K
Cap Rate 7%
$280,871
$280.9K
Cap Rate 9%
$218,456
$218.5K
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$39.7K $12.84/SF
− Vacancy
−$3.9K −$1.27/SF
EGI
$35.7K $11.57/SF
− OpEx
−$16.1K −$5.21/SF
NOI
$19.7K $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%
$393,220
Cap Rate 7%
$280,871
Cap Rate 9%
$218,456
Alternative Uses
Best Use
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,661 @ 7.0% cap · market cap 4.63%
Second Best
Multifamily LT 5
$268.2K
$234.7K – $312.9K
NOI $18,775 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$643.6K
$563.1K – $750.9K
NOI $45,051 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
224
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
$295,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Edmond, OK
Properties on Market for Duplexes in Edmond
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct floor plans offer private patios, generous storage, and established rental history.
Where is this duplex located?
The property is located at 17119 Cedar Drive Edmond, OK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2002; Distinct floor plans rather than mirror‑image layouts; One unit features a study, gas range top, covered patio, and French doors
