New-Build Duplex with Modern
For Sale
$499,000
9 N State Street, Edmond, OK 73003
Residential Income, Edmond, OK
Property Size3,100 SF
Price / SF$160.97
Days on Market234
Property Features for 9 N State Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2
Lot features
Corner 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
3 blocks east of Kelly on Main Street. Duplex is just north of the home at the corner of Main and State.
Standard status
Active
APN
9NState73003
Size
3,100 SF
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Floors in Building
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Metro First Realty of Edmond
(405) 906-3330
Listed By:
Kimi George
(405) 824-7653
Added: Feb 16
Changed: Sep 16
Last Checked: Oct 8 at 5:06AM
MLS# 1214603
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 newly built duplex contains 3,100 square feet, with two four-bedroom, three-bathroom residences. Both units feature quartz countertops, stainless steel appliances, and LVT flooring. The frame construction includes a composition roof, while electric service supports both heating and cooling systems.
The property is located at 9 N State Street in Edmond, west of Downtown Edmond and near the University of Central Oklahoma. Each residence is designed with energy-efficient construction, and the property has no HOA.
The property is located at 9 N State Street in Edmond, west of Downtown Edmond and near the University of Central Oklahoma. Each residence is designed with energy-efficient construction, and the property has no HOA.
Key Highlights
- New‑build duplex with 3,100 square feet
- Each unit offers 4 bedrooms and 3 bathrooms
- Quartz countertops, stainless steel appliances, and LVT flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,725
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,500
$394.5K
Cap Rate 7%
$281,786
$281.8K
Cap Rate 9%
$219,167
$219.2K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$39.8K $12.84/SF
− Vacancy
−$3.9K −$1.27/SF
EGI
$35.9K $11.57/SF
− OpEx
−$16.1K −$5.21/SF
NOI
$19.7K $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%
$394,500
Cap Rate 7%
$281,786
Cap Rate 9%
$219,167
Alternative Uses
Best Use
Apartment 5plus
$281.8K
$246.6K – $328.8K
NOI $19,725 @ 7.0% cap · market cap 3.95%
Second Best
Multifamily LT 5
$269.1K
$235.5K – $313.9K
NOI $18,836 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$645.7K
$565.0K – $753.3K
NOI $45,197 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,201
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property near Downtown Edmond and the University of Central Oklahoma, with no HOA and all-electric systems.
Where is this duplex located?
The property is located at 9 N State Street Edmond, OK.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: New‑build duplex with 3,100 square feet; Each unit offers 4 bedrooms and 3 bathrooms; Quartz countertops, stainless steel appliances, and LVT flooring
