Duplex with Covered
New
For Sale
$499,900
1 PROUT Place, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,657 SF
Lot Size0.30 Acres
Price / SF$188.14
Days on Market2
Property Features for 1 PROUT Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Parking features
Driveway
Interior features
Ceiling Fans(s), Open Floorplan
Exterior features
Rain Gutters, Storage
Appliances
Dishwasher, Range, Refrigerator
Subdivision
PALM COAST SEC 24
Lot features
Corner Lot
Elementary school
Wadsworth Elementary
Middle school
Buddy Taylor Middle
High school
Flagler-Palm Coast High
Directions
Belle Terre to Pritchard then turn left on Providence to Prout Place.
Standard status
Active
APN
07-11-31-7024-00540-0190
Size
2,657 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 24 BLOCK 00054 LOT 0019 SUBDIVISION COMPLETION YEAR 1980 OR 316 PG 537 OR 318 PG 140 FREDERIC C HUBACHER & VRENI HUBACHER & FRANCISCA HUBACHER OR 807 PG 1895 OR 957 PG 208 OR 1289 PG 46
Tax Annual Amount
7415
Legal Description
PALM COAST SECTION 24 BLOCK 00054 LOT 0019 SUBDIVISION COMPLETION YEAR 1980 OR 316 PG 537 OR 318 PG 140 FREDERIC C HUBACHER & VRENI HUBACHER & FRANCISCA HUBACHER OR 807 PG 1895 OR 957 PG 208 OR 1289 PG 46
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
bonus room
chair rail
granite countertops
high ceilings
tile flooring
circular driveway
shed
freshly painted
ceiling fans
covered patio
Building Details
Year built
2002
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Yolette Eugene · License #3066557
(386) 864-1621
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 6:06AM
MLS# FC322135
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.
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Investment Insights
Based on property information with market context.
This DPX-zoned duplex contains two 3-bedroom, 2-bath residences totaling 2,657 square feet. One side includes a bonus room, granite countertops, upgraded cabinetry, tile flooring, high ceilings and chair rail detailing. The other has ceiling fans, fresh paint, a covered patio accessed by a sliding door, and a one-car garage. A shingle roof was installed in 2022, and the property also includes a storage shed.
The 0.3-acre property is in Palm Coast, Florida. Brick driveways serve each residence. Construction is block and stucco, with central heating and central air. Public water and sewer are available.
The 0.3-acre property is in Palm Coast, Florida. Brick driveways serve each residence. Construction is block and stucco, with central heating and central air. Public water and sewer are available.
Key Highlights
- Two 3‑bedroom, 2‑bath residences in a 2,657‑square‑foot duplex
- 0.3‑acre lot with DPX zoning
- One residence includes a bonus room, granite countertops, upgraded cabinetry and tile flooring
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
106
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer separate living areas, with a bonus room in one side and a garage in the other.
Where is this duplex located?
The property is located at 1 PROUT Place 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: Two 3‑bedroom, 2‑bath residences in a 2,657‑square‑foot duplex; 0.3‑acre lot with DPX zoning; One residence includes a bonus room, granite countertops, upgraded cabinetry and tile flooring
