Brick Duplex
For Sale
$243,000
509 S Santa Fe Avenue, Edmond, OK 73003
Residential, Edmond, OK
Property Size1,621 SF
Lot Size0.04 Acres
Price / SF$149.91
Days on Market49
Property Features for 509 S Santa Fe Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Fireplace
1
Lot features
Interior Lot
Elementary school
Washington Irving ES
Middle school
Heartland MS
High school
Santa Fe HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
From West Edmond Road and S Santa Fe Avenue, go South just past IBC Bank.
Standard status
Active
APN
509SSantaFe15273003
Size
1,621 SF
Lot size
0.04 Acres
Taxes and HOA fees
HOA Fee
$3,900 Annually
Utilities
Utilities
Cable Available
Heating system
Electric (Heating)
Cooling system
Electric
Amenities
gated community
fireplace
granite kitchen
jetted tub
walk-in closet
pond
walking trails
Building Details
Year built
2000
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
405 Home Store
(405) 627-5236
Listed By:
Kristie Wirth · License #145007
(405) 760-1223
Added: Jul 16
Changed: Aug 25
Last Checked: Sep 2 at 12:06AM
MLS# 1239618
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 1,621-square-foot duplex property in Edmond was built in 2000 and features brick construction, a composition roof, electric heating, and electric cooling. The home includes two bedrooms and two bathrooms, with an open living, kitchen, and dining arrangement. Granite countertops and added storage define the kitchen, while the living area includes a fireplace. The primary suite offers a walk-in closet, private bathroom, jetted tub, and separate shower. A second bedroom provides flexible space for guests, study, hobbies, or storage.
The property is located within the gated Colony at Williamsburg community. Residents have access to a neighborhood pond and scenic walking trails. Cable is available, and the home is located at 509 S Santa Fe Avenue in Edmond, Oklahoma 73003.
The property is located within the gated Colony at Williamsburg community. Residents have access to a neighborhood pond and scenic walking trails. Cable is available, and the home is located at 509 S Santa Fe Avenue in Edmond, Oklahoma 73003.
Key Highlights
- 1,621‑square‑foot duplex property on a 0.0402‑acre lot
- Two‑bedroom, two‑bathroom layout with an open living, kitchen, and dining area
- Kitchen includes granite countertops and substantial storage
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
$10,314
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
4.24%
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%
$206,280
$206.3K
Cap Rate 7%
$147,343
$147.3K
Cap Rate 9%
$114,600
$114.6K
Market Conditions
NOI Build-Up for 1,621 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
$20.8K $12.84/SF
− Vacancy
−$2.1K −$1.27/SF
EGI
$18.8K $11.57/SF
− OpEx
−$8.4K −$5.21/SF
NOI
$10.3K $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%
$206,280
Cap Rate 7%
$147,343
Cap Rate 9%
$114,600
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
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 - Gated-community residence with a granite kitchen, fireplace, private primary suite, and access to pond-side walking trails.
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: 1,621‑square‑foot duplex property on a 0.0402‑acre lot; Two‑bedroom, two‑bathroom layout with an open living, kitchen, and dining area; Kitchen includes granite countertops and substantial storage
