Duplex with Open-Plan
For Sale
$214,900
18210 Manera Way, Edmond, OK 73012
The HOA handles yard care and provides access to neighborhood parks and a splash pad.
Property Size1,485 SF
Price / SF$144.71
Days on Market155
Property Features for 18210 Manera Way
General Information
Standard status
Active
Size
1,485 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,383
Building Details
Building Size
1,485 SF
Year Built
2016
Listing Agency:
Flotilla Real Estate Partners
Listed By:
Brandon Hart
(405) 990-4569
Source:
Baileecompany
Added: Jun 5
Changed: Nov 5
Last Checked: Nov 6 at 6:51AM
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 Flotilla Real Estate Partners
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Investment Insights
Based on property information with market context.
This duplex is offered as a complete property, with both sides included. Built in 2016, it has an open interior arrangement, tall ceilings, split-bedroom design, large windows, and storage in closets and cabinets. The primary suite is set apart from the other bedrooms. The listing also identifies a three-bedroom, two-bath configuration, though it does not specify whether that count applies to each side or the property as a whole.
The property is in the Deer Creek area of Edmond, near shopping, dining, and everyday services. HOA coverage includes yard maintenance and access to neighborhood parks and a splash pad.
The property is in the Deer Creek area of Edmond, near shopping, dining, and everyday services. HOA coverage includes yard maintenance and access to neighborhood parks and a splash pad.
Key Highlights
- Sale includes both sides of the duplex
- Built in 2016
- HOA covers yard maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,449
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,980
$189.0K
Cap Rate 7%
$134,986
$135.0K
Cap Rate 9%
$104,989
$105.0K
Market Conditions
NOI Build-Up for 1,485 SF
Gross rent
$19.1K $12.84/SF
− Vacancy
−$1.9K −$1.27/SF
EGI
$17.2K $11.57/SF
− OpEx
−$7.7K −$5.21/SF
NOI
$9.4K $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 Rate 5%
$188,980
Cap Rate 7%
$134,986
Cap Rate 9%
$104,989
Alternative Uses
Best Use
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,449 @ 7.0% cap · market cap 4.40%
Second Best
Multifamily LT 5
$128.9K
$112.8K – $150.4K
NOI $9,023 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$309.3K
$270.6K – $360.9K
NOI $21,651 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
157
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The HOA handles yard care and provides access to neighborhood parks and a splash pad.
Where is this duplex located?
The property is located at 18210 Manera Way Edmond, OK.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Sale includes both sides of the duplex; Built in 2016; HOA covers yard maintenance
