Four-Duplex Multifamily
For Sale
$475,000
3501 Wynn Circle, Edmond, OK 73013
Residential Income, Edmond, OK
Property Size3,150 SF
Lot Size0.18 Acres
Price / SF$150.79
Days on Market106
Property Features for 3501 Wynn Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 6
Fireplace
1
Lot features
Interior Lot
Elementary school
Russell Dougherty ES
Middle school
Cimarron MS
High school
Memorial HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Standard status
Active
APN
3501NONEWynn73013
Size
3,150 SF
Lot size
0.18 Acres
Building Details
Year built
1977
Floors in Building
2
Building materials
Stone
Roof type
Composition
Architectural style
Other
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Shane Johnson
(405) 230-0161
Added: May 22
Changed: Sep 2
Last Checked: Sep 4 at 11:06PM
MLS# 1230830
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 multifamily offering comprises four duplexes totaling eight units in Edmond, Oklahoma. Each residence is configured with three bedrooms and 2.5 bathrooms, and the interiors have been remodeled with consistent paint finishes. The properties were built in 1977 and feature stone construction, composition roofs, and fireplaces. Roof replacements were completed within approximately the last 5-7 years.
All units are occupied by Section 8 voucher tenants. The duplexes are located at 3501 and 3503 Wynn Circle, 3513 and 3515 Wynn Circle, 3525 and 3527 Wynn Circle, and 3612 and 3614 Wynn Circle, Edmond, OK 73013. The properties may be acquired individually or as a combined offering.
All units are occupied by Section 8 voucher tenants. The duplexes are located at 3501 and 3503 Wynn Circle, 3513 and 3515 Wynn Circle, 3525 and 3527 Wynn Circle, and 3612 and 3614 Wynn Circle, Edmond, OK 73013. The properties may be acquired individually or as a combined offering.
Key Highlights
- Four duplexes with 8 total units
- Each unit includes 3 bedrooms and 2.5 bathrooms
- Remodeled interiors with consistent paint colors
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
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Eight remodeled rental units offer consistent three-bedroom layouts and current occupancy by Section 8 voucher tenants.
Where is this duplex located?
The property is located at 3501 Wynn Circle 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 with 8 total units; Each unit includes 3 bedrooms and 2.5 bathrooms; Remodeled interiors with consistent paint colors
