2-Unit Duplex with
New
For Sale
$425,000
212 Ashley Dr #212 & 214, Edmond, OK 73003
Updated duplex with two separate residences, fenced outdoor areas, and one currently vacant side for flexible occupancy.
Property Size2,410 SF
Price / SF$176.35
Days on Market4
Property Features for 212 Ashley Dr #212 & 214
General Information
Standard status
Active
Size
2,410 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2015
Buildings
1
Listing Agency:
Exit Realty Premier
(405) 703-3565
Listed By:
Homestead & Co
(405) 509-0541
Source:
Homesteadrealtyco
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 14 at 9:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Premier
Investment Insights
Based on property information with market context.
Built in 2015, this full duplex contains two mirrored residences, each offering an open living arrangement with three bedrooms, two bathrooms, a two-car garage, and 1,205 square feet. Both units feature kitchens with granite countertops, substantial cabinet storage, and direct connection to the dining area. Primary suites include walk-in closets, while private fenced backyards provide patio space for each residence.
The property is located at 212 Ashley Dr #212 & 214 in Edmond, near Edmond North High School and within reach of shopping, dining, gyms, healthcare, and schools. One side is vacant, allowing an owner-occupant to occupy one residence while retaining the other for rental use. Combined, the duplex provides 2,410 square feet, six bedrooms, four bathrooms, and four garage spaces.
The property is located at 212 Ashley Dr #212 & 214 in Edmond, near Edmond North High School and within reach of shopping, dining, gyms, healthcare, and schools. One side is vacant, allowing an owner-occupant to occupy one residence while retaining the other for rental use. Combined, the duplex provides 2,410 square feet, six bedrooms, four bathrooms, and four garage spaces.
Key Highlights
- Two‑unit duplex built in 2015
- Each residence offers 3 bedrooms, 2 bathrooms, and 1,205 square feet
- Combined property totals 2,410 square feet, 6 bedrooms, and 4 bathrooms
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
$15,334
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
3.61%
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%
$306,680
$306.7K
Cap Rate 7%
$219,057
$219.1K
Cap Rate 9%
$170,378
$170.4K
Market Conditions
NOI Build-Up for 2,410 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
$30.9K $12.84/SF
− Vacancy
−$3.1K −$1.27/SF
EGI
$27.9K $11.57/SF
− OpEx
−$12.5K −$5.21/SF
NOI
$15.3K $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%
$306,680
Cap Rate 7%
$219,057
Cap Rate 9%
$170,378
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,334 @ 7.0% cap · market cap 3.61%
Second Best
Multifamily LT 5
$209.2K
$183.0K – $244.1K
NOI $14,643 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$502.0K
$439.2K – $585.6K
NOI $35,137 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
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 - Updated duplex with two separate residences, fenced outdoor areas, and one currently vacant side for flexible occupancy.
Where is this duplex located?
The property is located at 212 Ashley Dr #212 & 214 Edmond, OK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2015; Each residence offers 3 bedrooms, 2 bathrooms, and 1,205 square feet; Combined property totals 2,410 square feet, 6 bedrooms, and 4 bathrooms
