Residential Income Property with
For Sale
$243,000
509 S Santa Fe Ave #152, Edmond, OK 73003
Gated-community home with an updated granite kitchen, flexible secondary bedroom, and private primary suite.
Property Size1,621 SF
Price / SF$149.91
Days on Market92
Property Features for 509 S Santa Fe Ave #152
General Information
Standard status
Active
Size
1,621 SF
Property subtype
Multi-Family
Building Details
Year Built
2000
Listing Agency:
Realty 1 LLC
(405) 340-2480
Listed By:
Homestead & Co
(405) 509-0541
Source:
Homesteadrealtyco
Added: Jul 18
Changed: Oct 16
Last Checked: Oct 16 at 8:22AM
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 Realty 1 LLC
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Investment Insights
Based on property information with market context.
This 1,621-square-foot residential income property, built in 2000, offers two bedrooms and two bathrooms within the Colony at Williamsburg gated community. The main living area includes a fireplace and connects with the kitchen and dining space. Granite counters and substantial storage improve the kitchen, while the primary suite adds a walk-in closet, en-suite bathroom, jetted tub, and separate shower. The secondary bedroom can serve as guest accommodation, a study, hobby room, or storage area.
Community features include a neighborhood pond and scenic walking trails. The property is located at 509 S Santa Fe Ave #152 in Edmond, Oklahoma.
Community features include a neighborhood pond and scenic walking trails. The property is located at 509 S Santa Fe Ave #152 in Edmond, Oklahoma.
Key Highlights
- Two‑bedroom, two‑bath home with 1,621 SF
- Located in the gated Colony at Williamsburg community
- Updated kitchen with granite counters and extensive storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,314
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Residential income property - Gated-community home with an updated granite kitchen, flexible secondary bedroom, and private primary suite.
Where is this residential income property located?
The property is located at 509 S Santa Fe Ave #152 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: Two‑bedroom, two‑bath home with 1,621 SF; Located in the gated Colony at Williamsburg community; Updated kitchen with granite counters and extensive storage
