4-Duplex Multifamily
For Sale
$457,000
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$145.08
Days on Market56
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: Oct 25
Last Checked: Oct 7 at 1:18PM
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
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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 / Yr
$20,043
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
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
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 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 4.39%
Second Best
Multifamily LT 5
$273.4K
$239.2K – $319.0K
NOI $19,139 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$656.1K
$574.1K – $765.4K
NOI $45,926 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
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 $457,000.
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
