Building Details

Year Built 1977

Listing Agency: Copper Creek Real Estate

Listed By: Cory Alexander · License #182047 Show Phone

Source: Theokclife

Added: Aug 25 Changed: Oct 1 Last Checked: Oct 7 at 1:41PM

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Investment Insights

Based on property information with market context.

This duplex contains two separately addressed units totaling 3,744 square feet. The residence at 1931 Three Stars Rd offers 1,771 sq ft with three bedrooms, two baths, a 2-car garage, and a 2-car driveway; it was completely remodeled in 2025. The 2001 Three Stars Rd unit provides 1,973 sq ft with three bedrooms, 2.5 baths, a 2-car garage, and a 2-car driveway. Recent work in that unit includes downstairs flooring, a kitchen backsplash, countertops, a sink, and stainless steel appliances.

Built in 1977, the property backs to the south end of KickingBird Golf Course and the community garden. The two-unit configuration, separate addresses, and combination of completed and recent improvements create a clearly defined duplex offering in Edmond.

Key Highlights

• Two‑unit duplex totaling 3,744 square feet
• 1931 Three Stars Rd: 1,771 sq ft, 3 bedrooms, 2 baths, and complete 2025 remodel
• 2001 Three Stars Rd: 1,973 sq ft, 3 bedrooms, and 2.5 baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,823

Cap Rate

5.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$476,460 $476.5K

Cap Rate 7%

$340,329 $340.3K

Cap Rate 9%

$264,700 $264.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,744 SF

Gross rent

$48.1K $12.84/SF

− Vacancy

−$4.8K −$1.27/SF

EGI

$43.3K $11.57/SF

− OpEx

−$19.5K −$5.21/SF

NOI

$23.8K $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%

$476,460

Cap Rate 7%

$340,329

Cap Rate 9%

$264,700

Alternative Uses

Best Use

Apartment 5plus

$340.3K

$297.8K – $397.1K (±1% cap)

NOI $23,823 @ 7.0% cap · market cap 5.29%

Second Best

Multifamily LT 5

$325.0K

$284.4K – $379.1K (±1% cap)

NOI $22,748 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$779.8K

$682.3K – $909.8K (±1% cap)

NOI $54,586 @ 7.0% cap · market cap 12.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Law Firm (Bike/Boat/Book/etc) Store Furniture & Home Goods Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

625

Businesses Nearby

Explore this area Business Placement

Demographics for 73034, OK

47,553

Population

18,727

Households

2.5

Avg Household Size

37

Median Age

59%

College-Educated

96%

High-School Grad

51.7 sq mi

ZIP Area

920

Density / Sq Mi

$113,296

Median Household Income

$52,163

Median Earnings

$1,203

Median Rent

$368,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two updated units include private garages, driveways, and refreshed interior finishes.

Where is this duplex located?

The property is located at 1931 Three Stars Rd Edmond, OK.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Two‑unit duplex totaling 3,744 square feet; 1931 Three Stars Rd: 1,771 sq ft, 3 bedrooms, 2 baths, and complete 2025 remodel; 2001 Three Stars Rd: 1,973 sq ft, 3 bedrooms, and 2.5 baths