Gated Community Two-Bedroom
509 S Santa Fe Avenue Edmond, OK 73003
New
509 S Santa Fe Avenue, Edmond, OK, 73003
$243,000
For Sale
$243,000
SINGLE_FAMILY - Other - Edmond, OK
Property Size1,621 SF
Lot Size0.04 Acres
Price / SF$149.91
Days on Market3
Property Features for 509 S Santa Fe Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
- Fireplace
- 1
- Standard status
- Active
- APN
- 509SSantaFe15273003
- Size
- 1,621 SF
- Lot size
- 0.04 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2000
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
405 Home Store
(405) 627-5236
8602 Willowcreek Road, Edmond, OK
Listed by
Kristie Wirth · License #145007
(405) 760-1223
Added: Jul 16 Checked: Jul 18 at 8:06 am
MLS# 1239618
Listing URL
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Investment Insights
Based on property information with market context.
Set within the gated community of Colony at Williamsburg, this well-maintained 2-bedroom, 2-bath home offers a bright, open interior with a large living area and fireplace. The living space opens to the kitchen and dining area, and the kitchen has been updated with granite countertops and provides ample storage.
The primary suite includes a large walk-in closet and a private en-suite bathroom with a jetted tub and a separate shower. The secondary bedroom can serve multiple needs, including a guest room, study, hobby room, or additional storage.
Outside, the property overlooks a neighborhood pond and scenic walking trails, providing a quiet setting within the community.
The primary suite includes a large walk-in closet and a private en-suite bathroom with a jetted tub and a separate shower. The secondary bedroom can serve multiple needs, including a guest room, study, hobby room, or additional storage.
Outside, the property overlooks a neighborhood pond and scenic walking trails, providing a quiet setting within the community.
Key Highlights
- 2 bed, 2 bath home in the gated community of Colony at Williamsburg
- Large living area with a fireplace, open to the kitchen and dining area
- Kitchen updated with granite and offers lots of storage
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.8k | $12.84 |
| − Vacancy | −$2.1k | −$1.27 |
| EGI | $18.8k | $11.57 |
| − OpEx | −$8.4k | −$5.21 |
| NOI | $10.3k | $6.36 |
1,621 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$147.3K
$128.9K – $171.9K
NOI $10,314 @ 7.0% cap · market cap 4.24%
Second Best
Multifamily LT 5
$140.7K
$123.1K – $164.2K
NOI $9,849 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$337.6K
$295.4K – $393.9K
NOI $23,634 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Champion Auto Hail ...
Auto Repair Shop
Edmond Homes and Real ...
Real Estate Agency
Williamsburg
Hotel & Motel
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FAQs
What type of property is this?
Duplex - Single-story 2 bed, 2 bath home in Colony at Williamsburg, featuring a fireplace, updated kitchen, and private primary suite.
Where is this duplex located?
The property is located at 509 S Santa Fe Avenue Edmond, OK.
What is the asking price?
The asking price for this property is $243,000.
What are key features of this property?
This property features: 2 bed, 2 bath home in the gated community of Colony at Williamsburg; Large living area with a fireplace, open to the kitchen and dining area; Kitchen updated with granite and offers lots of storage
