Gated Residential
For Sale
$260,000
1912 NW 159th Place, Edmond, OK 73013
HOA services include yard care and exterior paint maintenance, with access to a community pool and clubhouse.
Property Size1,888 SF
Price / SF$137.71
Days on Market65
Property Features for 1912 NW 159th Place
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$2,506
Amenities
community pool
clubhouse
yard maintenance
maintenance of exterior paint
gated entry
green belt areas
gas fireplace
Building Details
Building Size
1,888 SF
Year Built
1996
Listing Agency:
Cherrywood
Listed By:
Kala Shipley
(405) 245-1334
Source:
Crosstimbersrealty
Added: Aug 24
Changed: Oct 26
Last Checked: Oct 26 at 3:31PM
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 Cherrywood
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Investment Insights
Based on property information with market context.
Built in 1996, this 1,888-square-foot home has a spacious kitchen, living and dining areas, and built-in shelving. The primary bedroom includes a private porch, sitting area, and large closet; the second bedroom opens to greenbelt space. A gas fireplace and ample storage are also included. The roof was installed in 2025, and the home has a new HVAC unit with a 1-year warranty.
The property is in Vintage Gardens, a gated community with a pool and clubhouse. HOA services include yard maintenance and exterior paint maintenance.
The property is in Vintage Gardens, a gated community with a pool and clubhouse. HOA services include yard maintenance and exterior paint maintenance.
Key Highlights
- 1,888‑square‑foot home built in 1996
- Located in the gated Vintage Gardens community
- Primary bedroom features a private porch, sitting area, and large closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,013
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,260
$240.3K
Cap Rate 7%
$171,614
$171.6K
Cap Rate 9%
$133,478
$133.5K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$24.2K $12.84/SF
− Vacancy
−$2.4K −$1.27/SF
EGI
$21.8K $11.57/SF
− OpEx
−$9.8K −$5.21/SF
NOI
$12.0K $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%
$240,260
Cap Rate 7%
$171,614
Cap Rate 9%
$133,478
Alternative Uses
Best Use
Apartment 5plus
$171.6K
$150.2K – $200.2K
NOI $12,013 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.2K
$344.1K – $458.8K
NOI $27,526 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - HOA services include yard care and exterior paint maintenance, with access to a community pool and clubhouse.
Where is this residential income property located?
The property is located at 1912 NW 159th Place Edmond, OK.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,888‑square‑foot home built in 1996; Located in the gated Vintage Gardens community; Primary bedroom features a private porch, sitting area, and large closet
