4-Duplex Multifamily
For Sale
$475,000
3501 Wynn Cir, Edmond, OK 73013
Eight occupied units offer consistent three-bedroom layouts with updated interiors and substantial roof work completed.
Property Size3,150 SF
Price / SF$150.79
Days on Market8
Property Features for 3501 Wynn Cir
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
8 x 3BR/2.5BA
Multifamily Units
8
Building Details
Year Built
1977
Buildings
4
Listing Agency:
Copper Creek Real Estate
Listed By:
Shane Johnson
(405) 230-0161
Source:
Kathleenforrest
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 14 at 4:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Copper Creek Real Estate
Investment Insights
Based on property information with market context.
This multifamily offering comprises four duplexes totaling eight units in Edmond, Oklahoma. Each residence includes three bedrooms and two and a half bathrooms, with remodeled interiors and coordinated paint finishes across the properties. Roof replacements were completed approximately 5–7 years ago, addressing a major capital item across the portfolio. The property was built in 1977.
All units are occupied by Section 8 voucher tenants. The duplexes are located at 3501 and 3503 Wynn Cir.; 3513 and 3515 Wynn Cir.; 3525 and 3527 Wynn Cir.; and 3612 and 3614 Wynn Cir., Edmond, OK 73013. The four buildings may be acquired together or purchased separately.
All units are occupied by Section 8 voucher tenants. The duplexes are located at 3501 and 3503 Wynn Cir.; 3513 and 3515 Wynn Cir.; 3525 and 3527 Wynn Cir.; and 3612 and 3614 Wynn Cir., Edmond, OK 73013. The four buildings may be acquired together or purchased separately.
Key Highlights
- Four duplexes totaling 8 units
- Each unit offers 3 bedrooms and 2.5 bathrooms
- Remodeled interiors with consistent paint finishes
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
$20,043
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
4.22%
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%
$400,860
$400.9K
Cap Rate 7%
$286,329
$286.3K
Cap Rate 9%
$222,700
$222.7K
Market Conditions
NOI Build-Up for 3,150 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
$40.4K $12.84/SF
− Vacancy
−$4.0K −$1.27/SF
EGI
$36.4K $11.57/SF
− OpEx
−$16.4K −$5.21/SF
NOI
$20.0K $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%
$400,860
Cap Rate 7%
$286,329
Cap Rate 9%
$222,700
Alternative Uses
Best Use
Apartment 5plus
$286.3K
$250.5K – $334.1K
NOI $20,043 @ 7.0% cap · market cap 4.22%
Second Best
Multifamily LT 5
$273.4K
$239.2K – $319.0K
NOI $19,139 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$656.1K
$574.1K – $765.4K
NOI $45,926 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
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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 - Eight occupied units offer consistent three-bedroom layouts with updated interiors and substantial roof work completed.
Where is this duplex located?
The property is located at 3501 Wynn Cir Edmond, OK.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four duplexes totaling 8 units; Each unit offers 3 bedrooms and 2.5 bathrooms; Remodeled interiors with consistent paint finishes
