Redevelopment Parcel with Two
For Sale
$364,500
222 N Blackwelder Avenue, Edmond, OK 73034
MULTI_FAMILY - Edmond, OK
Property Size1,754 SF
Lot Size0.16 Acres
Price / SF$207.81
Days on Market48
Property Features for 222 N Blackwelder Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
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
Listing Agency:
OK Flat Fee Realty
(405) 759-8448
Listed By:
Chance Daggs · License #177744
(405) 759-8448
Added: Jun 19
Changed: Jul 30
Last Checked: Aug 5 at 5:06PM
MLS# 1235600
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.
Two separate properties offered together for one price: 222 and 224 N Blackwelder Avenue in Edmond, Oklahoma. The assembly includes two single-family structures and is described as totaling approximately 0.32 acres on a level site.
The property is positioned for redevelopment within Edmond’s commercial planning framework, with the remarks citing C-2 (Neighborhood Commercial) zoning and inclusion in the Edmond PUD. The location is presented as being near University of Central Oklahoma (UCO) and the Downtown Edmond area, with convenient access to the Railyard, local shopping, and the Edmond Farmers Market. Utilities are described as currently present, intended to reduce initial site preparation hurdles for new development.
Prospective buyers should verify zoning ordinances, specific building requirements, and any school district considerations with the City of Edmond.
The property is positioned for redevelopment within Edmond’s commercial planning framework, with the remarks citing C-2 (Neighborhood Commercial) zoning and inclusion in the Edmond PUD. The location is presented as being near University of Central Oklahoma (UCO) and the Downtown Edmond area, with convenient access to the Railyard, local shopping, and the Edmond Farmers Market. Utilities are described as currently present, intended to reduce initial site preparation hurdles for new development.
Prospective buyers should verify zoning ordinances, specific building requirements, and any school district considerations with the City of Edmond.
Key Highlights
- Two properties sold for one price: 222 & 224 N Blackwelder Ave in central Edmond
- Approximately 0.32 acres (14,000 SF) with two existing single‑family structures (1,034 SF and 720 SF)
- 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 single-family structures on a level commercial-zoned parcel, totaling approximately 0.32 acres in Edmond, OK.
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 sold for one price: 222 & 224 N Blackwelder Ave in central Edmond; Approximately 0.32 acres (14,000 SF) with two existing single‑family structures (1,034 SF and 720 SF); Zoned C‑2 (Neighborhood Commercial) and part of Edmond’s PUD
