Two-Unit Duplex on Canal
24 FARRADAY Lane Palm Coast, FL 32137
New
For Sale
$260,000
MULTI_FAMILY - Palm Coast, FL
Property Size1,738 SF
Lot Size0.28 Acres
Price / SF$149.60
Days on Market4
Property Features for 24 FARRADAY Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
- Parking features
- Driveway
- Standard status
- Active
- APN
- 0711317002000200280
- Size
- 1,738 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2862
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Roof type
- Shingle
Listing Agency:
KELLER WILLIAMS ST JOHNS
(904) 867-7694
Listed By:
CHRISTOPHER M FEDOR
(904) 607-6830
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 25 at 4:06PM
MLS# 2156898
Copyright © 2026 realMLS. 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 duplex offers two residential units configured for convenient day-to-day access. Unit A is a street-side one-bedroom with one full bath. Unit B is a rear two-bedroom with two full baths. A common laundry room is located at the rear of the structure, and both units include front and rear entry points to support straightforward access to laundry and the back or side yard.
The property is located on a canal street in Palm Coast, FL, and sits on a sizeable lot. The listing notes the presence of mature oaks and a large yard that can support a variety of multi-family improvements.
With two independent unit layouts and a shared rear laundry area, the building is set up as a straightforward two-unit residential income property.
The property is located on a canal street in Palm Coast, FL, and sits on a sizeable lot. The listing notes the presence of mature oaks and a large yard that can support a variety of multi-family improvements.
With two independent unit layouts and a shared rear laundry area, the building is set up as a straightforward two-unit residential income property.
Key Highlights
- Duplex built in 1978 with tile flooring throughout
- Central heating and central air in both units
- Unit A: 1BR/1 full bath street‑side with front and rear entry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $17.40 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $28.7k | $16.50 |
| − OpEx | −$8.6k | −$4.95 |
| NOI | $20.1k | $11.55 |
1,738 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.7K
$250.9K – $334.5K
NOI $20,068 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$254.7K
$222.9K – $297.2K
NOI $17,829 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$417.7K
$365.5K – $487.3K
NOI $29,236 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two separate entrances, common rear laundry, and one-bedroom and two-bedroom units on a sizeable lot.
Where is this duplex located?
The property is located at 24 FARRADAY Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Duplex built in 1978 with tile flooring throughout; Central heating and central air in both units; Unit A: 1BR/1 full bath street‑side with front and rear entry
