Duplex with Two
1 PROUT PLACE #A & B, Palm Coast, FL 32164
For Sale
$499,900
Two separate three-bedroom residences provide distinct living spaces, each with its own driveway and attached one-car garage.
Property Size2,657 SF
Price / SF$188.14
Days on Market23
Property Features for 1 PROUT PLACE #A & B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fans(s)
Open Floorplan
Rain Gutters
Storage
Building Details
Building Size
Year Built
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Yolette Eugene · License #3066557
(386) 864-1621
Source:
Dawnklein
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY EXCHANGE, LLC
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Investment Insights
Based on property information with market context.
This 2,657-square-foot duplex, built in 2002, contains two residences with a combined six bedrooms and four bathrooms. Each unit has three bedrooms, two bathrooms, a one-car garage, and a separate driveway. Side A includes a bonus room, tile flooring, granite countertops, upgraded cabinetry, high ceilings, and chair rail detailing. Side B has a covered patio and fresh interior paint. The roof was installed in 2022, and the property is zoned DPX.
One unit is tenant-occupied; the other is vacant. Both units are included in the sale.
One unit is tenant-occupied; the other is vacant. Both units are included in the sale.
Key Highlights
- 2,657‑square‑foot duplex built in 2002
- Two units, each with 3 bedrooms, 2 bathrooms, a one‑car garage, and its own driveway
- Roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,679
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,580
$613.6K
Cap Rate 7%
$438,271
$438.3K
Cap Rate 9%
$340,878
$340.9K
Market Conditions
NOI Build-Up for 2,657 SF
Gross rent
$46.2K $17.40/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$43.8K $16.50/SF
− OpEx
−$13.1K −$4.95/SF
NOI
$30.7K $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 Rate 5%
$613,580
Cap Rate 7%
$438,271
Cap Rate 9%
$340,878
Alternative Uses
Best Use
Multifamily LT 5
$438.3K
$383.5K – $511.3K
NOI $30,679 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$389.4K
$340.7K – $454.3K
NOI $27,257 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$638.5K
$558.7K – $744.9K
NOI $44,695 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
154
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
$308,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Palm Coast, FL
Properties on Market for Duplexes in Palm Coast
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences provide distinct living spaces, each with its own driveway and attached one-car garage.
Where is this duplex located?
The property is located at 1 PROUT PLACE #A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,657‑square‑foot duplex built in 2002; Two units, each with 3 bedrooms, 2 bathrooms, a one‑car garage, and its own driveway; Roof installed in 2022
