Remodeled Duplex
For Sale
$475,000
3513 Wynn Circle, Edmond, OK 73013
Four updated duplex buildings offer occupied residential units with consistent layouts and established tenancy in Edmond.
Property Size3,151 SF
Days on Market99
Property Features for 3513 Wynn Circle
General Information
Standard status
Active
Size
3,151 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
8 x 3BR/2.5BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,627
Building Details
Building Size
3,151 SF
Year Built
1977
Buildings
4
Stories
2
Listing Agency:
The Real Estate and Co. LLC
(405) 230-0161
Listed By:
Shane Johnson
(405) 230-0161
Source:
Jarmanrealtyok
Added: May 23
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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 The Real Estate and Co. LLC
Investment Insights
Based on property information with market context.
This multifamily offering comprises 4 duplex buildings totaling 8 units in Edmond, Oklahoma. Each residence features a 3-bedroom, 2.5-bath layout, and the interiors have been remodeled with uniform paint colors across the portfolio. The improvements create a consistent presentation from unit to unit and support straightforward future maintenance. Roof replacements were completed within approximately the last 5–7 years, adding a recent capital improvement to the property profile.
All units are occupied by Section 8 voucher tenants. The portfolio is located at 3513 Wynn Circle, Edmond, OK 73013, with additional property addresses identified on Wynn Circle in Edmond, including 3525 and 3527 Wynn Cir. and 3612 and 3614 Wynn Cir. Each duplex may be acquired separately or as part of the larger package.
All units are occupied by Section 8 voucher tenants. The portfolio is located at 3513 Wynn Circle, Edmond, OK 73013, with additional property addresses identified on Wynn Circle in Edmond, including 3525 and 3527 Wynn Cir. and 3612 and 3614 Wynn Cir. Each duplex may be acquired separately or as part of the larger package.
Key Highlights
- 4 duplexes comprising 8 total units
- Every unit offers a 3‑bedroom, 2.5‑bath floor plan
- Interiors remodeled with consistent paint colors throughout
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
$20,049
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%
$400,980
$401.0K
Cap Rate 7%
$286,414
$286.4K
Cap Rate 9%
$222,767
$222.8K
Market Conditions
NOI Build-Up for 3,151 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
$40.5K $12.84/SF
− Vacancy
−$4.0K −$1.27/SF
EGI
$36.5K $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%
$400,980
Cap Rate 7%
$286,414
Cap Rate 9%
$222,767
Alternative Uses
Best Use
Apartment 5plus
$286.4K
$250.6K – $334.2K
NOI $20,049 @ 7.0% cap · market cap 4.22%
Second Best
Multifamily LT 5
$273.5K
$239.3K – $319.1K
NOI $19,145 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$656.3K
$574.3K – $765.7K
NOI $45,941 @ 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,291
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 - Four updated duplex buildings offer occupied residential units with consistent layouts and established tenancy in Edmond.
Where is this duplex located?
The property is located at 3513 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: 4 duplexes comprising 8 total units; Every unit offers a 3‑bedroom, 2.5‑bath floor plan; Interiors remodeled with consistent paint colors throughout
