New-Build
For Sale
$460,000
820 W 2nd Street, Edmond, OK 73003
Residential Income, Edmond, OK
Property Size2,932 SF
Lot Size0.13 Acres
Price / SF$156.89
Days on Market52
Property Features for 820 W 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6
Lot features
Interior Lot
Elementary school
Ida Freeman ES
Middle school
Cheyenne MS
High school
North HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
One block E of Kelly and Edmond Rd is Story St. Go N on Story and left or west on 2nd St to home.
Standard status
Active
APN
820W2nd73003
Size
2,932 SF
Lot size
0.13 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric
Building Details
Year built
2026
Floors in Building
2
Building materials
Frame
Roof type
Composition
Architectural style
Bungalow
Buildings
1
Listing Agency:
Metro First Realty of Edmond
(405) 906-3330
Listed By:
Kimi George
(405) 824-7653
Added: Sep 16
Changed: Oct 30
Last Checked: Nov 6 at 10:06AM
MLS# 1249381
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.
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Investment Insights
Based on property information with market context.
This duplex is under construction and is scheduled for completion in 2026. The 2,932-square-foot building contains two units, each configured with three bedrooms and two bathrooms. Interior finishes include quartz countertops, stainless steel appliances, and LVT flooring. The bungalow-style property has frame construction, a composition roof, central electric heating, and electric cooling; the building is all electric.
The property occupies a 0.1286-acre site at 820 W 2nd Street in Edmond, west of Downtown Edmond and the University of Central Oklahoma. There is no HOA.
The property occupies a 0.1286-acre site at 820 W 2nd Street in Edmond, west of Downtown Edmond and the University of Central Oklahoma. There is no HOA.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,932‑square‑foot duplex on a 0.1286‑acre site
- Under construction; year built listed as 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,656
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,120
$373.1K
Cap Rate 7%
$266,514
$266.5K
Cap Rate 9%
$207,289
$207.3K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$37.6K $12.84/SF
− Vacancy
−$3.7K −$1.27/SF
EGI
$33.9K $11.57/SF
− OpEx
−$15.3K −$5.21/SF
NOI
$18.7K $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%
$373,120
Cap Rate 7%
$266,514
Cap Rate 9%
$207,289
Alternative Uses
Best Use
Apartment 5plus
$266.5K
$233.2K – $310.9K
NOI $18,656 @ 7.0% cap · market cap 4.06%
Second Best
Multifamily LT 5
$254.5K
$222.7K – $296.9K
NOI $17,815 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$610.7K
$534.4K – $712.5K
NOI $42,748 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature electric systems, quartz countertops, stainless steel appliances, and LVT flooring.
Where is this duplex located?
The property is located at 820 W 2nd Street Edmond, OK.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,932‑square‑foot duplex on a 0.1286‑acre site; Under construction; year built listed as 2026
