Duplex Near Golf
New
For Sale
$220,000
2001 Three Stars Road, Edmond, OK 73034
Residential, Edmond, OK
Property Size1,973 SF
Lot Size0.05 Acres
Price / SF$111.51
Days on Market3
Property Features for 2001 Three Stars Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Patio and Porch features
Porch, Patio
Pool private
1
Exterior features
Balcony, Patio-Covered, Covered Porch
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
2001NONEThreeStars73034
Size
1,973 SF
Lot size
0.05 Acres
Taxes and HOA fees
HOA Fee
$864 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1977
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 4:06PM
MLS# 1245169
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 1,973-square-foot duplex property was built in 1977 and features brick-and-frame construction, three bedrooms, three bathrooms, a private pool, and a fireplace. Recent work in the downstairs area includes new flooring, kitchen countertops, backsplash, sink, and stainless steel appliances. The property also includes a two-car garage, driveway parking for two additional vehicles, a balcony, covered patio, and porch. Central air conditioning and natural-gas heating serve the home, with a composition roof.
The property is located at 2001 Three Stars Road in Edmond, Oklahoma, and backs to the south end of KickingBird Golf Course and the community garden. The 0.0517-acre lot provides a compact residential setting with multiple covered outdoor areas.
The property is located at 2001 Three Stars Road in Edmond, Oklahoma, and backs to the south end of KickingBird Golf Course and the community garden. The 0.0517-acre lot provides a compact residential setting with multiple covered outdoor areas.
Key Highlights
- 1,973 SF duplex property on a 0.0517‑acre lot
- Three bedrooms and three bathrooms
- Recent downstairs flooring and kitchen updates
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
$12,554
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
5.71%
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%
$251,080
$251.1K
Cap Rate 7%
$179,343
$179.3K
Cap Rate 9%
$139,489
$139.5K
Market Conditions
NOI Build-Up for 1,973 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
$25.3K $12.84/SF
− Vacancy
−$2.5K −$1.27/SF
EGI
$22.8K $11.57/SF
− OpEx
−$10.3K −$5.21/SF
NOI
$12.6K $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%
$251,080
Cap Rate 7%
$179,343
Cap Rate 9%
$139,489
Alternative Uses
Best Use
Apartment 5plus
$179.3K
$156.9K – $209.2K
NOI $12,554 @ 7.0% cap · market cap 5.71%
Second Best
Multifamily LT 5
$171.3K
$149.9K – $199.8K
NOI $11,988 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$410.9K
$359.6K – $479.4K
NOI $28,766 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-frame residential property with recent downstairs improvements, private pool, covered outdoor areas, and natural-gas heating.
Where is this duplex located?
The property is located at 2001 Three Stars Road Edmond, OK.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,973 SF duplex property on a 0.0517‑acre lot; Three bedrooms and three bathrooms; Recent downstairs flooring and kitchen updates
