Two-Unit Duplex with Covered
For Sale
$499,900
1 PROUT PLACE #A, Palm Coast, FL 32164
Both residences offer three bedrooms and two bathrooms, with separate features and finishes across the two sides.
Property Size2,657 SF
Price / SF$188.14
Days on Market13
Property Features for 1 PROUT PLACE #A
General Information
Standard status
Active
Size
2,657 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2002
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Yolette Eugene · License #3066557
(386) 864-1621
Source:
Endlesssummerrealty
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 28 at 7:28AM
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.
Built in 2002, this 2,657-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. Side A includes a bonus room, elevated ceilings, tile flooring, detailed chair rails, upgraded cabinets, and granite counters. Side B has ceiling fans, fresh paint, and a sliding door leading to a covered patio. A one-car garage serves Side B, while a storage shed and brick driveways provide additional site features. The roof was replaced in 2022.
Key Highlights
- Two residences, each with 3 bedrooms and 2 baths
- 2,657 square feet; built in 2002
- Side A features 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
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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 - Both residences offer three bedrooms and two bathrooms, with separate features and finishes across the two sides.
Where is this duplex located?
The property is located at 1 PROUT PLACE #A 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 residences, each with 3 bedrooms and 2 baths; 2,657 square feet; built in 2002; Side A features a bonus room, granite countertops, upgraded cabinetry, and tile flooring
