Modern Duplex with Private
For Sale
$610,000
36 LOUISBURG Lane, Palm Coast, FL 32137
Residential Income, PALM COAST, FL
Property Size3,063 SF
Lot Size0.23 Acres
Price / SF$199.15
Days on Market125
Property Features for 36 LOUISBURG Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 4, Bedroom 7, Dining Room, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Driveway, Open
Window features
Insulated Windows, Blinds, ENERGY STAR Qualified WIndows
Patio and Porch features
Porch
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Private Mailbox, Rain Gutters, Sliding Doors
Appliances
Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
04 FAIRWAYS
Lot features
Paved
Elementary school
Belle Terre Elementary
Middle school
Indian Trails Middle-FC
High school
Matanzas High
Directions
BELLE TERRE PKWY, PAST MATANZAS WOODS PKWY, ONTO LAKEVIEW BLVD, LEFT ON LONDON DR. LEFT ON LOUISVILLE DR, CONTINUE AND MAKE A RIGHT ON LOUISBURG LN. IS THE FOURTH HOUSE ON THE LEFT.
Standard status
Active
APN
07-11-31-7037-01030-0200
Size
3,063 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 37 BLOCK 00103 LOT 0020 SUBDIVISION COMPLETION YEAR 1982 OR 245 PG 133 OR 2507/703-DC
Tax Annual Amount
8281
Legal Description
PALM COAST SECTION 37 BLOCK 00103 LOT 0020 SUBDIVISION COMPLETION YEAR 1982 OR 245 PG 133 OR 2507/703-DC
Utilities
Utilities
Cable Available
Sewer type
Holding Tank, Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private patios
Building Details
Year built
2023
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXIT REALTY FIRST CHOICE
(386) 246-3161
Listed By:
Liliana Escobar · License #3277805
(386) 864-0025
Added: May 8
Changed: Sep 6
Last Checked: Sep 9 at 6:06PM
MLS# FC318332
Copyright © 2026 Stellar MLS. 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.
Completed in 2023, this duplex contains two four-bedroom, two-bath residences with a combined 3,063 square feet of heated living area and 4,204 total square feet. Each side includes an open living and dining arrangement, a primary bedroom on the main floor, ceramic tile and vinyl flooring, quartz kitchen counters, stainless steel appliances, vaulted ceilings, and walk-in closets. Sliding doors open to private patios, while each residence has a two-car garage and driveway parking.
The property at 36 Louisburg Lane is in Palm Coast, Florida, within Flagler County. Public water and cable availability are reported, and the building uses block and stucco construction with a shingle roof. Additional features include central air, electric heat-pump heating, rain gutters, washable interior paint, and DPX zoning.
The property at 36 Louisburg Lane is in Palm Coast, Florida, within Flagler County. Public water and cable availability are reported, and the building uses block and stucco construction with a shingle roof. Additional features include central air, electric heat-pump heating, rain gutters, washable interior paint, and DPX zoning.
Key Highlights
- Built in 2023 with 3,063 square feet of heated living space
- 4,204 total square feet on a 0.23‑acre lot
- Two units, each with 4 bedrooms, 2 bathrooms, and a 2‑car garage
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
$35,367
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
5.80%
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%
$707,340
$707.3K
Cap Rate 7%
$505,243
$505.2K
Cap Rate 9%
$392,967
$393.0K
Market Conditions
NOI Build-Up for 3,063 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
$53.3K $17.40/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$50.5K $16.50/SF
− OpEx
−$15.2K −$4.95/SF
NOI
$35.4K $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%
$707,340
Cap Rate 7%
$505,243
Cap Rate 9%
$392,967
Alternative Uses
Best Use
Multifamily LT 5
$505.2K
$442.1K – $589.5K
NOI $35,367 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$448.9K
$392.8K – $523.7K
NOI $31,421 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$736.1K
$644.1K – $858.8K
NOI $51,525 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value
Check the figures for this property
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 four-bedroom residences feature contemporary finishes, individual garages, and separate outdoor living areas.
Where is this duplex located?
The property is located at 36 LOUISBURG Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Built in 2023 with 3,063 square feet of heated living space; 4,204 total square feet on a 0.23‑acre lot; Two units, each with 4 bedrooms, 2 bathrooms, and a 2‑car garage
