Brick Duplex with Three-Car
For Sale
$249,000
1920 NW 160th Place, Edmond, OK 73013
Residential, Edmond, OK
Property Size2,211 SF
Lot Size0.12 Acres
Price / SF$112.62
Days on Market92
Property Features for 1920 NW 160th Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Patio and Porch features
Patio, Porch
Exterior features
Rain Gutters
Fireplace
1
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
N. OF 150TH ON PENN, TURN RIGHT ON 159TH, GO TO GATE ON N. SIDE OF STREET. ENTER GATE LEFT TO HOME.
Standard status
Active
APN
1920NW160th73013
Size
2,211 SF
Lot size
0.12 Acres
Taxes and HOA fees
HOA Fee
$2,040 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
fireplace
wrought iron fence
covered patio
Building Details
Year built
1997
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Kristy Beissel · License #201955
(405) 531-2671
Added: Jun 22
Changed: Sep 18
Last Checked: Sep 21 at 4:06AM
MLS# 1235759
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.
This brick-and-frame duplex was built in 1997 and offers 2,211 square feet of interior space on a 0.124-acre lot. The layout includes three bedrooms, two bathrooms, a bright kitchen, a spacious living area with fireplace, and substantial storage. Recent interior paint and new carpet provide a clean starting point for occupancy or future updates. A three-car garage, natural gas heating, electric cooling, composition roofing, rain gutters, patio, porch, and covered outdoor area add practical functionality.
The property is located in Edmond near Quail Springs Mall, shopping, and dining, with access to the Kilpatrick Turnpike, Broadway Extension, and Memorial Road. A wrought iron fence completes the exterior, while the residential setting provides a defined yard and outdoor living space.
The property is located in Edmond near Quail Springs Mall, shopping, and dining, with access to the Kilpatrick Turnpike, Broadway Extension, and Memorial Road. A wrought iron fence completes the exterior, while the residential setting provides a defined yard and outdoor living space.
Key Highlights
- 2,211‑square‑foot duplex on a 0.124‑acre lot
- Three bedrooms and two bathrooms
- Rare three‑car garage
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
$14,068
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
5.65%
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%
$281,360
$281.4K
Cap Rate 7%
$200,971
$201.0K
Cap Rate 9%
$156,311
$156.3K
Market Conditions
NOI Build-Up for 2,211 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
$28.4K $12.84/SF
− Vacancy
−$2.8K −$1.27/SF
EGI
$25.6K $11.57/SF
− OpEx
−$11.5K −$5.21/SF
NOI
$14.1K $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%
$281,360
Cap Rate 7%
$200,971
Cap Rate 9%
$156,311
Alternative Uses
Best Use
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,068 @ 7.0% cap · market cap 5.65%
Second Best
Multifamily LT 5
$191.9K
$167.9K – $223.9K
NOI $13,434 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$460.5K
$403.0K – $537.3K
NOI $32,236 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready duplex with flexible living space, a covered patio, fenced yard, and convenient regional access.
Where is this duplex located?
The property is located at 1920 NW 160th Place Edmond, OK.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2,211‑square‑foot duplex on a 0.124‑acre lot; Three bedrooms and two bathrooms; Rare three‑car garage
