Redevelopment Single-Family
For Sale
$364,500
222 N Blackwelder Avenue, Edmond, OK 73034
MULTI_FAMILY - Bungalow - Edmond, OK
Property Size1,754 SF
Lot Size0.16 Acres
Price / SF$207.81
Days on Market100
Property Features for 222 N Blackwelder Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Corner Lot, 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 Blackwelder Ave and Ayers go S on Blackwelder to Campbell. Property is on the SE side of the street.
Standard status
Active
APN
222NBlackwelder73034
Size
1,754 SF
Lot size
0.16 Acres
Building Details
Year built
1962
Floors in Building
1
Building materials
Frame
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
OK Flat Fee Realty
(405) 759-8448
Listed By:
Chance Daggs · License #177744
(405) 759-8448
Added: Apr 28
Changed: Jul 30
Last Checked: Aug 5 at 5:06PM
MLS# 1226638
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 offering includes two single-family properties sold together: 222 and 224 N Blackwelder Avenue. The site totals approximately 0.32 acres and is currently improved with two single-family structures measuring 1,034 sq. ft. and 720 sq. ft. The property is described as level and infrastructure-ready, with major utilities currently present.
The parcels are positioned for redevelopment and are identified as being strategically zoned C-2 (Neighborhood Commercial), and part of the Edmonds PUD. Public remarks note the location is down the street from the University of Central Oklahoma (UCO) and near Downtown Edmond, with access to the Railyard, local shopping, and the Edmond Farmers Market.
Prospective buyers should verify zoning ordinances, PUD requirements, and specific building needs with the City of Edmond before planning a redevelopment concept.
The parcels are positioned for redevelopment and are identified as being strategically zoned C-2 (Neighborhood Commercial), and part of the Edmonds PUD. Public remarks note the location is down the street from the University of Central Oklahoma (UCO) and near Downtown Edmond, with access to the Railyard, local shopping, and the Edmond Farmers Market.
Prospective buyers should verify zoning ordinances, PUD requirements, and specific building needs with the City of Edmond before planning a redevelopment concept.
Key Highlights
- Two properties—222 and 224 N Blackwelder Ave—offered together for $379,900
- Approximately 0.32 acres (14,000 SF) total land area with a level site
- Zoned C‑2 (Neighborhood Commercial) and part of Edmond’s PUD
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $12.84 |
| − Vacancy | −$2.2k | −$1.27 |
| EGI | $20.3k | $11.57 |
| − OpEx | −$9.1k | −$5.21 |
| NOI | $11.2k | $6.36 |
1,754 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$159.4K
$139.5K – $186.0K
NOI $11,160 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.3K
$319.7K – $426.2K
NOI $25,573 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
402
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Two assembled single-family properties zoned C-2, totaling about 0.32 acres with utilities in place for redevelopment.
Where is this single family property located?
The property is located at 222 N Blackwelder Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $364,500.
What are key features of this property?
This property features: Two properties—222 and 224 N Blackwelder Ave—offered together for $379,900; Approximately 0.32 acres (14,000 SF) total land area with a level site; Zoned C‑2 (Neighborhood Commercial) and part of Edmond’s PUD
