Single-Level Residential Income
509 S Santa Fe Avenue #127, Edmond, OK 73003
For Sale
$210,000
A dedicated study, covered patio, and HOA-managed exterior and lawn care add flexibility with fewer routine maintenance tasks.
Property Size1,466 SF
Price / SF$143.25
Days on Market100
Property Features for 509 S Santa Fe Avenue #127
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
gated community
gas fireplace
covered patio
pond
walking trails
Building Details
Year Built
Buildings
Stories
Listing Agency:
Shepherds Real Estate
(405) 726-1238
Listed By:
Lawrence Francis · License OK #210067
(405) 623-9100
Source:
Beaversbendrealty
Added: Aug 5
Changed: Nov 11
Last Checked: Nov 11 at 6:55AM
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 Shepherds Real Estate
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Investment Insights
Based on property information with market context.
This 1,466-square-foot, single-level home in The Colony at Williamsburg has two bedrooms, two bathrooms, a dedicated study, and a two-car garage. The interior includes a living room with a gas fireplace, an open kitchen with an island and pantry, and a primary suite with a walk-in closet. A private covered patio extends the living area outdoors.
The gated community is not age-restricted. HOA services include lawn care, exterior upkeep, and maintenance of common areas. Residents also have access to a neighborhood pond and walking trails. The property is in Edmond, near shopping, dining, healthcare, and major highways.
The gated community is not age-restricted. HOA services include lawn care, exterior upkeep, and maintenance of common areas. Residents also have access to a neighborhood pond and walking trails. The property is in Edmond, near shopping, dining, healthcare, and major highways.
Key Highlights
- 1,466‑square‑foot, single‑level home with two bedrooms, two bathrooms, and a dedicated study
- Two‑car garage and private covered patio
- Open kitchen features an island and pantry; living room has a gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,328
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,560
$186.6K
Cap Rate 7%
$133,257
$133.3K
Cap Rate 9%
$103,644
$103.6K
Market Conditions
NOI Build-Up for 1,466 SF
Gross rent
$18.8K $12.84/SF
− Vacancy
−$1.9K −$1.27/SF
EGI
$17.0K $11.57/SF
− OpEx
−$7.6K −$5.21/SF
NOI
$9.3K $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 Rate 5%
$186,560
Cap Rate 7%
$133,257
Cap Rate 9%
$103,644
Alternative Uses
Best Use
Apartment 5plus
$133.3K
$116.6K – $155.5K
NOI $9,328 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.3K
$267.2K – $356.2K
NOI $21,374 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
390
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
$230,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Edmond, OK
Properties on Market for Residential income properties in Edmond
Frequently Asked Questions
What type of property is this?
Residential income property - A dedicated study, covered patio, and HOA-managed exterior and lawn care add flexibility with fewer routine maintenance tasks.
Where is this residential income property located?
The property is located at 509 S Santa Fe Avenue #127 Edmond, OK.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,466‑square‑foot, single‑level home with two bedrooms, two bathrooms, and a dedicated study; Two‑car garage and private covered patio; Open kitchen features an island and pantry; living room has a gas fireplace
