Low-Maintenance Duplex with
For Sale
$239,900
2016 NW 160th Place, Edmond, OK 73013
Residential, Edmond, OK
Property Size1,617 SF
Lot Size0.12 Acres
Price / SF$148.36
Days on Market141
Property Features for 2016 NW 160th Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Combo Woodwork
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave
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
From Penn and 159th go east to the gate on the north side. Go Through the gate and turn left (west) to home.
Standard status
Active
APN
2016NW160th73013
Size
1,617 SF
Lot size
0.12 Acres
Taxes and HOA fees
HOA Fee
$2,300 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
pool
gated access
fireplace
Building Details
Year built
1997
Flooring type
Wood, Carpet
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX First · RE/MAX International
(405) 843-8448
Listed By:
David Dobson-Tucker
(405) 924-4663
Added: Apr 17
Changed: Sep 1
Last Checked: Sep 4 at 9:06PM
MLS# 1224608
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 property includes 1,617 square feet of finished space with two bedrooms, two full bathrooms, and a two-car attached garage. The interior combines wood and carpet flooring with a fireplace, ceiling fans, natural-gas heating, and electric cooling. A flexible room can accommodate office, dining, or additional living use, while the kitchen includes a dishwasher, disposal, and microwave. Brick construction, a composition roof, and a patio complete the physical improvements.
The property is located in Edmond, Oklahoma, within a gated community that includes a pool. Built in 1997, it occupies a 0.124-acre lot and offers a manageable residential layout with practical storage and parking features.
The property is located in Edmond, Oklahoma, within a gated community that includes a pool. Built in 1997, it occupies a 0.124-acre lot and offers a manageable residential layout with practical storage and parking features.
Key Highlights
- 1,617‑square‑foot duplex property on a 0.124‑acre lot
- Two bedrooms, two full bathrooms, and a two‑car attached garage
- Gated community with access control and a pool
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
$10,289
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
4.29%
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%
$205,780
$205.8K
Cap Rate 7%
$146,986
$147.0K
Cap Rate 9%
$114,322
$114.3K
Market Conditions
NOI Build-Up for 1,617 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
$20.8K $12.84/SF
− Vacancy
−$2.1K −$1.27/SF
EGI
$18.7K $11.57/SF
− OpEx
−$8.4K −$5.21/SF
NOI
$10.3K $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%
$205,780
Cap Rate 7%
$146,986
Cap Rate 9%
$114,322
Alternative Uses
Best Use
Apartment 5plus
$147.0K
$128.6K – $171.5K
NOI $10,289 @ 7.0% cap · market cap 4.29%
Second Best
Multifamily LT 5
$140.4K
$122.8K – $163.8K
NOI $9,825 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$336.8K
$294.7K – $392.9K
NOI $23,575 @ 7.0% cap · market cap 9.83%
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
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
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 - Gated-community property with flexible interior space, wood flooring, a fireplace, and access to a community pool.
Where is this duplex located?
The property is located at 2016 NW 160th Place Edmond, OK.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,617‑square‑foot duplex property on a 0.124‑acre lot; Two bedrooms, two full bathrooms, and a two‑car attached garage; Gated community with access control and a pool
