Upgraded Residential Income
For Sale
$185,000
820 NW 137th Street, Edmond, OK 73013
Two-bedroom half-duplex with refreshed interiors, multiple appliances, garage parking, and an additional carport.
Property Size1,225 SF
Days on Market26
Property Features for 820 NW 137th Street
General Information
Standard status
Active
Size
1,225 SF
Total Parking Spaces
4
Property subtype
Half Duplex
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,955
Amenities
patio
Building Details
Building Size
1,225 SF
Year Built
1983
Listing Agency:
Stetson Bentley Realty LLC
Listed By:
Sherry Stetson
(405) 445-9675
Source:
Stetsonbentley
Added: Aug 13
Changed: Aug 21
Last Checked: Sep 7 at 9:47AM
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 Stetson Bentley Realty LLC
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath half-duplex offers a series of practical interior and exterior improvements. Luxury vinyl plank flooring extends through both bedrooms and the living room, while much of the home has been repainted. The kitchen is equipped with granite countertops, a freestanding stove, dishwasher, and microwave, and the washer and dryer convey with the property. The primary suite includes a shower, newer vanity, and walk-in closet; the front bedroom connects directly to the hall bathroom.
Built in 1983, the home includes a two-car garage and a rebuilt two-car carport. A generous side yard adds a stone paver patio, and vinyl siding provides a low-maintenance exterior. The property is located within Edmond schools at 820 NW 137th Street in Edmond, Oklahoma.
Built in 1983, the home includes a two-car garage and a rebuilt two-car carport. A generous side yard adds a stone paver patio, and vinyl siding provides a low-maintenance exterior. The property is located within Edmond schools at 820 NW 137th Street in Edmond, Oklahoma.
Key Highlights
- Two‑bedroom, two‑bath half‑duplex in Edmond schools
- Luxury vinyl plank flooring in both bedrooms and living room
- Granite kitchen counters with stove, dishwasher, microwave, washer, and dryer
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
$7,795
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
4.21%
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%
$155,900
$155.9K
Cap Rate 7%
$111,357
$111.4K
Cap Rate 9%
$86,611
$86.6K
Market Conditions
NOI Build-Up for 1,225 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
$15.7K $12.84/SF
− Vacancy
−$1.6K −$1.27/SF
EGI
$14.2K $11.57/SF
− OpEx
−$6.4K −$5.21/SF
NOI
$7.8K $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%
$155,900
Cap Rate 7%
$111,357
Cap Rate 9%
$86,611
Alternative Uses
Best Use
Apartment 5plus
$111.4K
$97.4K – $129.9K
NOI $7,795 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.1K
$223.3K – $297.7K
NOI $17,860 @ 7.0% cap · market cap 9.65%
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
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 73013, OK
56,972
Population
22,971
Households
2.5
Avg Household Size
36
Median Age
59%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
1,742
Density / Sq Mi
$108,727
Median Household Income
$54,073
Median Earnings
$1,465
Median Rent
$292,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom half-duplex with refreshed interiors, multiple appliances, garage parking, and an additional carport.
Where is this residential income property located?
The property is located at 820 NW 137th Street Edmond, OK.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath half‑duplex in Edmond schools; Luxury vinyl plank flooring in both bedrooms and living room; Granite kitchen counters with stove, dishwasher, microwave, washer, and dryer
