Golf Course-Adjacent
New
For Sale
$450,000
1931 Three Stars Road, Edmond, OK 73034
Residential Income, Edmond, OK
Property Size3,744 SF
Lot Size0.10 Acres
Price / SF$120.19
Days on Market3
Property Features for 1931 Three Stars Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1
Parking
4
Fireplace
1
Lot features
Interior Lot
Elementary school
Northern Hills ES
Middle school
Sequoyah MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
From E 2nd St turn north onto N Bryant Ave. Turn east onto Kickingbird Rd. Turn north onto Timberwind Rd. Turn west onto Three Stars Rd. Property on north side of street.
Standard status
Active
APN
1931NONEThreeStars73034
Size
3,744 SF
Lot size
0.10 Acres
Taxes and HOA fees
HOA Fee
$864 Annually
Building Details
Year built
1977
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Cory Alexander · License #182047
(270) 535-0599
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 21 at 3:06PM
MLS# 1245174
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 duplex comprises two updated residential units totaling 3,744 square feet on 0.1034 acres. The 1931 Three Stars Road unit contains 1,771 square feet with three bedrooms, two baths, a two-car garage, and a two-car driveway; remodeling was completed in 2025. The 2001 Three Stars Road unit provides 1,973 square feet, three bedrooms, two and a half baths, a two-car garage, and a two-car driveway. Improvements include new downstairs flooring, a kitchen backsplash, countertops, sink, and stainless steel appliances. The property was built in 1977 with brick-and-frame construction, composition roofing, and fireplaces.
The duplex backs to the south end of KickingBird Golf Course and the community garden in Edmond. Separate garages and driveways support the two-unit configuration, while the residential floor plans offer six bedrooms and four and a half baths across the property.
The duplex backs to the south end of KickingBird Golf Course and the community garden in Edmond. Separate garages and driveways support the two-unit configuration, while the residential floor plans offer six bedrooms and four and a half baths across the property.
Key Highlights
- Two‑unit duplex totals 3,744 square feet on a 0.1034‑acre lot
- 1931 Three Stars Road unit has 1,771 square feet, 3 bedrooms, 2 baths, and a 2‑car garage
- 2001 Three Stars Road unit offers 1,973 square feet, 3 bedrooms, 2.5 baths, and a 2‑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
$23,823
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
5.29%
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%
$476,460
$476.5K
Cap Rate 7%
$340,329
$340.3K
Cap Rate 9%
$264,700
$264.7K
Market Conditions
NOI Build-Up for 3,744 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
$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 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%
$476,460
Cap Rate 7%
$340,329
Cap Rate 9%
$264,700
Alternative Uses
Best Use
Apartment 5plus
$340.3K
$297.8K – $397.1K
NOI $23,823 @ 7.0% cap · market cap 5.29%
Second Best
Multifamily LT 5
$325.0K
$284.4K – $379.1K
NOI $22,748 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$779.8K
$682.3K – $909.8K
NOI $54,586 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled units offer separate garages, driveways, and residential layouts in Edmond.
Where is this duplex located?
The property is located at 1931 Three Stars Road 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 totals 3,744 square feet on a 0.1034‑acre lot; 1931 Three Stars Road unit has 1,771 square feet, 3 bedrooms, 2 baths, and a 2‑car garage; 2001 Three Stars Road unit offers 1,973 square feet, 3 bedrooms, 2.5 baths, and a 2‑car garage
