Eight-Unit Duplex
For Sale
$475,000
3513 Wynn Circle, Edmond, OK 73013
Residential Income, Edmond, OK
Property Size3,151 SF
Lot Size0.17 Acres
Price / SF$150.75
Days on Market106
Property Features for 3513 Wynn Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 1, Bedroom 6, Bathroom 5, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2
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
3513NONEWynn73013
Size
3,151 SF
Lot size
0.17 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 23
Changed: Sep 2
Last Checked: Sep 5 at 1:06AM
MLS# 1230948
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 duplex buildings containing eight total units. Each residence is configured with three bedrooms and two-and-a-half bathrooms. The buildings date to 1977 and feature stone construction with composition roofing. Interior updates include remodeled finishes and coordinated paint colors across the units, creating consistency throughout the portfolio. Roof replacements were completed approximately 5–7 years ago.
All units are occupied by Section 8 voucher tenants. The properties are located in Edmond, within the Oklahoma City metro area, and are available as individual duplexes or as a combined acquisition. The offering includes properties on Wynn Circle in Edmond, OK 73013.
All units are occupied by Section 8 voucher tenants. The properties are located in Edmond, within the Oklahoma City metro area, and are available as individual duplexes or as a combined acquisition. The offering includes properties on Wynn Circle in Edmond, OK 73013.
Key Highlights
- Four duplexes totaling 8 units
- Each unit has 3 bedrooms and 2.5 bathrooms
- All units are currently occupied by Section 8 voucher tenants
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 - Remodeled duplex residences offer three-bedroom layouts, current occupancy, and established capital improvements.
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: Four duplexes totaling 8 units; Each unit has 3 bedrooms and 2.5 bathrooms; All units are currently occupied by Section 8 voucher tenants
