Renovated
For Sale
$459,000
230 E Lincoln Avenue, Edmond, OK 73034
Residential Income, Edmond, OK
Property Size2,064 SF
Lot Size0.21 Acres
Price / SF$222.38
Days on Market48
Property Features for 230 E Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1
Parking
8
Parking features
RV
Appliances
Dishwasher
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
Broadway and Danforth go South to Lincoln Avenue, East to the property
Standard status
Active
APN
230ELincoln73034
Size
2,064 SF
Lot size
0.21 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
1910
Floors in Building
2
Building materials
Frame
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
RE/MAX Preferred · RE/MAX International
(405) 751-4848
Listed By:
Paul Brooks · License #116430
(405) 990-0548
Added: Aug 21
Changed: Oct 5
Last Checked: Oct 7 at 9:06PM
MLS# 1245737
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.
The 2,064-square-foot Craftsman duplex contains two separate flats: an upper-level two-bedroom, one-bathroom unit and a lower-level one-bedroom, one-bathroom unit. Renovation work included plumbing, electrical, windows, and interior finishes. The upper flat is vacant. The property was built in 1910 and occupies two platted lots totaling 0.2089 acres; rezoning is complete for the possibility of up to three additional structures.
The property is on E Lincoln Avenue in Edmond, a short walk from the University of Central Oklahoma. It is also within the area addressed by Edmond’s approved Campus Corner revitalization plan.
The property is on E Lincoln Avenue in Edmond, a short walk from the University of Central Oklahoma. It is also within the area addressed by Edmond’s approved Campus Corner revitalization plan.
Key Highlights
- Two‑unit duplex with a 2‑bedroom/1‑bath upper flat and a 1‑bedroom/1‑bath lower flat
- 2,064 square feet on 0.2089 acres across two platted lots
- Renovation included plumbing, electrical, windows, and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,133
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,660
$262.7K
Cap Rate 7%
$187,614
$187.6K
Cap Rate 9%
$145,922
$145.9K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$26.5K $12.84/SF
− Vacancy
−$2.6K −$1.27/SF
EGI
$23.9K $11.57/SF
− OpEx
−$10.7K −$5.21/SF
NOI
$13.1K $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 Rate 5%
$262,660
Cap Rate 7%
$187,614
Cap Rate 9%
$145,922
Alternative Uses
Best Use
Apartment 5plus
$187.6K
$164.2K – $218.9K
NOI $13,133 @ 7.0% cap · market cap 2.86%
Second Best
Multifamily LT 5
$179.2K
$156.8K – $209.0K
NOI $12,541 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K
NOI $30,093 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
796
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two flats offer one- and two-bedroom layouts, with the upper unit vacant and ready for occupancy.
Where is this duplex located?
The property is located at 230 E Lincoln Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom/1‑bath upper flat and a 1‑bedroom/1‑bath lower flat; 2,064 square feet on 0.2089 acres across two platted lots; Renovation included plumbing, electrical, windows, and interior finishes
