Modern
For Sale
$1,100,000
Pending
37 E Hurd Street, Edmond, OK 73034
Residential Income, Edmond, OK
Property Size5,808 SF
Days on Market64
Property Features for 37 E Hurd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
12
Full bathrooms
12
Rooms
Bedroom 7, Bathroom 8, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 7, Bathroom 4, Bathroom 5, Bathroom 9, Bathroom 11, Bathroom 1, Bedroom 10, Bedroom 8, Bedroom 11, Bathroom 10, Bathroom 6, Bedroom 9, Bathroom 12, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 12
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer, Water Heater
Lot features
Corner Lot
Elementary school
Ida Freeman ES
Middle school
Sequoyah MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
From Broadway and Hurd, go East on Hurd to property. Fourplex will be on the left.
Standard status
Pending
APN
37EHurd29,33,37,4173034
Size
5,808 SF
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Amenities
private laundry
refrigerator
washer
dryer
Building Details
Year built
2018
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Modern
Listing Agency:
Keller Williams Central OK · Keller Williams Realty
(405) 330-2626
Listed By:
Randall Gantz
(405) 802-4429
Added: Jul 25
Changed: Sep 13
Last Checked: Sep 26 at 3:06AM
MLS# 1241012
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.
Built in 2018, this 5,808-square-foot quadplex contains four residential units with a consistent three-bedroom, three-full-bath layout. Each residence includes an open-concept living area, full kitchen, private laundry, and modern interior finishes, including luxury vinyl plank flooring and raised ceilings. Refrigerators, washers, and dryers are included in every unit. Brick and frame construction, a composition roof, electric heating, and electric cooling complete the physical profile.
The property is located at 37 E Hurd Street in Edmond, Oklahoma, near the University of Central Oklahoma. The surrounding downtown Edmond setting provides walkable access to restaurants, shopping, and entertainment. The building includes a total of 12 bedrooms and 12 full bathrooms, with individual residences designed for independent occupancy.
The property is located at 37 E Hurd Street in Edmond, Oklahoma, near the University of Central Oklahoma. The surrounding downtown Edmond setting provides walkable access to restaurants, shopping, and entertainment. The building includes a total of 12 bedrooms and 12 full bathrooms, with individual residences designed for independent occupancy.
Key Highlights
- Four units, each with 3 bedrooms and 3 full bathrooms
- 5,808 square feet; built in 2018
- 12 bedrooms and 12 full bathrooms across the property
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
$36,956
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
3.36%
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%
$739,120
$739.1K
Cap Rate 7%
$527,943
$527.9K
Cap Rate 9%
$410,622
$410.6K
Market Conditions
NOI Build-Up for 5,808 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
$74.6K $12.84/SF
− Vacancy
−$7.4K −$1.27/SF
EGI
$67.2K $11.57/SF
− OpEx
−$30.2K −$5.21/SF
NOI
$37.0K $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%
$739,120
Cap Rate 7%
$527,943
Cap Rate 9%
$410,622
Alternative Uses
Best Use
Apartment 5plus
$527.9K
$462.0K – $615.9K
NOI $36,956 @ 7.0% cap · market cap 3.36%
Second Best
Multifamily LT 5
$504.1K
$441.1K – $588.2K
NOI $35,289 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,679 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 73034, OK
47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
Median Home Value
Check the figures for this property
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?
Quadplex - Four 3-bedroom residences offer private laundry, open living areas, full kitchens, and contemporary finishes.
Where is this quadplex located?
The property is located at 37 E Hurd Street Edmond, OK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 3 full bathrooms; 5,808 square feet; built in 2018; 12 bedrooms and 12 full bathrooms across the property
