Duplex with Private Fenced
For Sale
Under Contract
$419,900
12 Emmons Lane, Palm Coast, FL 32164
MULTI_FAMILY - Palm Coast, FL
Property Size2,695 SF
Lot Size0.13 Acres
Price / SF$155.81
Days on Market58
Property Features for 12 Emmons Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
Open, Garage
Fencing
Privacy
Appliances
Refrigerator, Microwave, Electric Range, Electric Oven, Electric Cooktop, Dishwasher
Subdivision
Cypress Knoll
Lot features
Cleared
Elementary school
Bunnell
Middle school
Buddy Taylor
High school
Flagler Palm Coast
Directions
From Moody Blvd (SR-100) go north on Belle Terre Pkwy 1 mile to left on Easthampton Blvd; to right on Emerson Dr; to left on Empress Ln; to right on Emmons Ln; go to 12 on right.
Standard status
Active Under Contract
APN
07-11-31-7034-00060-0150
Size
2,695 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PALM COAST SEC 34 BL 6 LT 15 OR 219 PG 326 OR 685 PG 117 OR 700 PG 1739 OR 1017 PG 46 OR 1699/42-RDMAN GUILFOYLE TRUST
Tax Annual Amount
6990
Legal Description
PALM COAST SEC 34 BL 6 LT 15 OR 219 PG 326 OR 685 PG 117 OR 700 PG 1739 OR 1017 PG 46 OR 1699/42-RDMAN GUILFOYLE TRUST
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private fenced yards
screened porch
Florida room
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Simply Real Estate
(386) 677-0870
Listed By:
Taylor Westfall Gillette · License #3276915
(386) 405-8360
Added: Jun 22
Changed: Jul 28
Last Checked: Aug 18 at 1:06AM
MLS# 1227808
Copyright © 2026 Daytona Beach Area Association of Realtors. 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.
Offered for sale as a complete duplex, this property includes two separate units with private outdoor areas and garages. Unit A features 1,207 square feet with 2 bedrooms and 2 bathrooms, a one-car garage, an open layout with volume ceilings, and an indoor laundry area. The primary suite has a private ensuite bath, and the guest bedroom sits near a full bathroom. A screened porch overlooks the fully fenced backyard. Unit B offers 1,488 square feet with 2 bedrooms and 2 bathrooms, a two-car garage, and a split-bedroom layout. Volume ceilings run through the open living, dining, and kitchen areas. In addition to the standard rooms, Unit B includes two flex spaces and a Florida room that overlooks the private fenced backyard.
The duplex is located at 12 Emmons Lane in Palm Coast, Florida (Flagler County). The parcel size is 0.13 acres, with room for each unit’s outdoor spaces.
For tenants, buyers, and operators, the layout supports multiple living arrangements, including an owner-occupant model alongside a rental unit. Unit A is currently leased through July 31, 2026, which can provide rental income continuity, while Unit B’s additional flex spaces offer practical room for office, exercise, or other uses depending on household needs. All information is taken from the tax record and is deemed reliable but not guaranteed.
The duplex is located at 12 Emmons Lane in Palm Coast, Florida (Flagler County). The parcel size is 0.13 acres, with room for each unit’s outdoor spaces.
For tenants, buyers, and operators, the layout supports multiple living arrangements, including an owner-occupant model alongside a rental unit. Unit A is currently leased through July 31, 2026, which can provide rental income continuity, while Unit B’s additional flex spaces offer practical room for office, exercise, or other uses depending on household needs. All information is taken from the tax record and is deemed reliable but not guaranteed.
Key Highlights
- Duplex offered for sale as a complete property with two separate units, each with private fenced‑yard outdoor space and its own garage.
- Unit A: 1,207 SF, 2 bed/2 bath, 1‑car garage; leased through July 31, 2026 for immediate income from day one.
- Unit A features volume ceilings and an open floor plan connecting kitchen, dining, and expansive living area, plus a screened porch.
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
$31,118
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
7.41%
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%
$622,360
$622.4K
Cap Rate 7%
$444,543
$444.5K
Cap Rate 9%
$345,756
$345.8K
Market Conditions
NOI Build-Up for 2,695 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
$46.9K $17.40/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$44.5K $16.50/SF
− OpEx
−$13.3K −$4.95/SF
NOI
$31.1K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$622,360
Cap Rate 7%
$444,543
Cap Rate 9%
$345,756
Alternative Uses
Best Use
Multifamily LT 5
$444.5K
$389.0K – $518.6K
NOI $31,118 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$394.9K
$345.6K – $460.8K
NOI $27,646 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$647.6K
$566.7K – $755.6K
NOI $45,334 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2BR/2BA units with separate garages and fenced outdoor space, suitable for owner-occupants or rental income.
Where is this duplex located?
The property is located at 12 Emmons Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Duplex offered for sale as a complete property with two separate units, each with private fenced‑yard outdoor space and its own garage.; Unit A: 1,207 SF, 2 bed/2 bath, 1‑car garage; leased through July 31, 2026 for immediate income from day one.; Unit A features volume ceilings and an open floor plan connecting kitchen, dining, and expansive living area, plus a screened porch.
