Half Duplex with Fenced
231 N Kelly Avenue Edmond, OK 73003
231 N Kelly Avenue, Edmond, OK, 73003
$229,000
Pending
For Sale
$229,000
Pending
SINGLE_FAMILY - Other - Edmond, OK
Property Size1,400 SF
Lot Size0.04 Acres
Days on Market79
Property Features for 231 N Kelly Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Laundry Room, Stained Wood, Window Treatments
- Exterior features
- Patio - Open, Rain Gutters
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Water Heater
- Standard status
- Pending
- APN
- 231NKelly73003
- Size
- 1,400 SF
- Lot size
- 0.04 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1999
- Flooring type
- Combo, Carpet, Tile
- Building materials
- Brick, Brick & Frame, Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agency
Castles & Homes Real Estate
(405) 806-0003
Listed by
Sharon Castles · License #160042
(405) 483-0003
Added: May 4 Updated: Jul 20 at 6:06PM Checked: Jul 21 at 2:06PM
MLS# 1227322
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 half duplex includes two bedrooms, two bathrooms, and a two-car garage. The interior features an open floor plan with a spacious living room that has a cozy fireplace, flowing into the dining area and kitchen. The kitchen includes a breakfast bar and ample counter space. The primary suite offers a soaking tub, separate shower, vanity, and an oversized walk-in closet. The secondary bedroom is near the interior utility room and adjacent to the second full bathroom with a tub/shower combination. Outside, the property has a fenced backyard with an open patio.
The home is described as tucked away at the back of the neighborhood, with a setting next to a greenbelt and backing to undeveloped land with mature trees. The HOA dues noted in the remarks include mowing for the front and back yard, water for the home’s sprinklers and sprinkler repair, fence repair for perimeter HOA fence (not individual), front entrance lights, and maintenance of HOA common areas.
With a total size provided of 1,400 square feet and a lot size of 0.0441 acres, this residence is positioned near Kelly & 2nd, with access to shopping, dining, highways, and the University of Central Oklahoma noted in the remarks.
The home is described as tucked away at the back of the neighborhood, with a setting next to a greenbelt and backing to undeveloped land with mature trees. The HOA dues noted in the remarks include mowing for the front and back yard, water for the home’s sprinklers and sprinkler repair, fence repair for perimeter HOA fence (not individual), front entrance lights, and maintenance of HOA common areas.
With a total size provided of 1,400 square feet and a lot size of 0.0441 acres, this residence is positioned near Kelly & 2nd, with access to shopping, dining, highways, and the University of Central Oklahoma noted in the remarks.
Key Highlights
- 2 bed, 2 bath half duplex with a 2‑car garage, built in 1999
- Open floor plan with a living room fireplace, dining area, and kitchen with breakfast bar
- Primary suite includes soaking tub, separate shower, and oversized walk‑in closet
Local 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 | $18.0k | $12.84 |
| − Vacancy | −$1.8k | −$1.27 |
| EGI | $16.2k | $11.57 |
| − OpEx | −$7.3k | −$5.21 |
| NOI | $8.9k | $6.36 |
1,400 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$127.3K
$111.4K – $148.5K
NOI $8,908 @ 7.0% cap · market cap 3.89%
Second Best
Multifamily LT 5
$121.5K
$106.3K – $141.8K
NOI $8,506 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Half duplex offers two bedrooms, two baths, and a fenced backyard with an open patio.
Where is this duplex located?
The property is located at 231 N Kelly Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2 bed, 2 bath half duplex with a 2‑car garage, built in 1999; Open floor plan with a living room fireplace, dining area, and kitchen with breakfast bar; Primary suite includes soaking tub, separate shower, and oversized walk‑in closet
