Duplex with Two-Car
For Sale
$439,000
212 Ashley Drive, Edmond, OK 73003
Residential Income, Edmond, OK
Property Size2,410 SF
Lot Size0.18 Acres
Price / SF$182.16
Days on Market240
Property Features for 212 Ashley Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
Parking
4
Appliances
Dishwasher, Disposal, Refrigerator
Lot features
Interior Lot
Elementary school
Ida Freeman ES
Middle school
Cheyenne MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
From Danforth & Fretz, go south to Ashley Drive. Turn east on Ashley Drive and follow the property. GPS is accurate.
Standard status
Active
APN
212NONEAshley212
Size
2,410 SF
Lot size
0.18 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
2015
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX First · RE/MAX International
(405) 843-8448
Listed By:
Joe Forrest · License #143557
(405) 850-8489
Added: Jan 1
Changed: Aug 21
Last Checked: Aug 29 at 12:06PM
MLS# 1207566
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.
Built in 2015, this 2,410-square-foot duplex contains two residences measuring 1,205 square feet per side. Each unit includes three bedrooms, two bathrooms, an open floor plan, large rooms, and a two-car garage. Primary suites feature walk-in closets, while kitchens include granite countertops, ample cabinetry, a dishwasher, disposal, and refrigerator. Dining areas connect directly to the kitchens, and both residences provide fenced backyards with patio space.
The property is located at 212 Ashley Drive in Edmond, two blocks from Edmond North High School. The surrounding area provides access to schools, shopping, dining, gyms, and healthcare. Brick and frame construction, composition roofing, natural-gas heating, and electric central air complete the building profile. The duplex is positioned for investors or owner-occupants seeking a two-residence property.
The property is located at 212 Ashley Drive in Edmond, two blocks from Edmond North High School. The surrounding area provides access to schools, shopping, dining, gyms, and healthcare. Brick and frame construction, composition roofing, natural-gas heating, and electric central air complete the building profile. The duplex is positioned for investors or owner-occupants seeking a two-residence property.
Key Highlights
- 2,410 SF duplex with 1,205 square feet per unit
- Two 3‑bedroom, 2‑bathroom residences with open floor plans
- Each unit includes a 2‑car garage and a fenced backyard with patio space
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
3.49%
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 3.49%
Second Best
Multifamily LT 5
$209.2K
$183.0K – $244.1K
NOI $14,643 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$502.0K
$439.2K – $585.6K
NOI $35,137 @ 7.0% cap · market cap 8.00%
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
481
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 - Each residence combines open living areas, private fenced outdoor space, and a two-car garage.
Where is this duplex located?
The property is located at 212 Ashley Drive Edmond, OK.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,410 SF duplex with 1,205 square feet per unit; Two 3‑bedroom, 2‑bathroom residences with open floor plans; Each unit includes a 2‑car garage and a fenced backyard with patio space
