Renovated Duplex with
For Sale
$439,900
10 Bren Mar Lane, Palm Coast, FL 32137
MULTI_FAMILY - Palm Coast, FL
Property Size2,059 SF
Lot Size0.28 Acres
Price / SF$213.65
Days on Market52
Property Features for 10 Bren Mar Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Garage
Subdivision
Lee Of The Wind
Directions
From I-95, take Exit 289 for Palm Coast Parkway and head east. Continue on Palm Coast Pkwy, then turn right onto Old Kings Road. Follow Old Kings south, then turn left onto Bren Mar Drive. The property will be on your right.
Standard status
Active
APN
07-11-31-7013-00050-0030
Size
2,059 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PALM COAST SECTION 13 BLOCK 00005 LOT 0003 SUBDIVISION OR 318 PG 533 OR 1226 PG 1331- CYNTHIA BEDELL TRUST OR 1878/120-DC
Tax Annual Amount
4282
Legal Description
PALM COAST SECTION 13 BLOCK 00005 LOT 0003 SUBDIVISION OR 318 PG 533 OR 1226 PG 1331- CYNTHIA BEDELL TRUST OR 1878/120-DC
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1987
Number of units
2
Listing Agency:
RE/MAX Select Professionals
(386) 283-4966
Listed By:
Ann Gordon · License #3282712
(386) 931-7452
Added: Jun 26
Changed: Jul 24
Last Checked: Aug 16 at 8:06AM
MLS# 1227989
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 renovated duplex includes two fully updated units. Unit A is a 2-bedroom, 2-bath layout with 914 square feet, and Unit B offers 3 bedrooms and 2 baths with 1,144 square feet. Both sides have been freshly renovated, presenting clean, modern interiors and a simplified, low-maintenance ownership profile.
The property is located in Palm Coast, Florida, at 10 Bren Mar Lane, Flagler County. It is described as being conveniently close to shopping, parks, schools, and major roadways, supporting everyday accessibility for tenants.
With tenants already in place, the duplex can provide an owner with immediate occupancy rather than waiting for renovations or leasing. The mix of unit sizes and bedroom counts may appeal to a range of tenant needs, while the fully renovated condition is designed to reduce near-term turnover and maintenance concerns. For buyers seeking a straightforward two-unit residential income setup, this Palm Coast duplex presents a turnkey, renovated configuration.
The property is located in Palm Coast, Florida, at 10 Bren Mar Lane, Flagler County. It is described as being conveniently close to shopping, parks, schools, and major roadways, supporting everyday accessibility for tenants.
With tenants already in place, the duplex can provide an owner with immediate occupancy rather than waiting for renovations or leasing. The mix of unit sizes and bedroom counts may appeal to a range of tenant needs, while the fully renovated condition is designed to reduce near-term turnover and maintenance concerns. For buyers seeking a straightforward two-unit residential income setup, this Palm Coast duplex presents a turnkey, renovated configuration.
Key Highlights
- Two fully renovated duplex units with tenants already in place
- Unit A: 914 SF with 2 bedrooms and 2 bathrooms
- Unit B: 1,144 SF with 3 bedrooms and 2 bathrooms
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
$23,775
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
5.40%
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%
$475,500
$475.5K
Cap Rate 7%
$339,643
$339.6K
Cap Rate 9%
$264,167
$264.2K
Market Conditions
NOI Build-Up for 2,059 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
$35.8K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$34.0K $16.50/SF
− OpEx
−$10.2K −$4.95/SF
NOI
$23.8K $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%
$475,500
Cap Rate 7%
$339,643
Cap Rate 9%
$264,167
Alternative Uses
Best Use
Multifamily LT 5
$339.6K
$297.2K – $396.3K
NOI $23,775 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,122 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$494.8K
$433.0K – $577.3K
NOI $34,636 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,211
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully renovated units with tenants in place, offering updated, low-maintenance income property ownership.
Where is this duplex located?
The property is located at 10 Bren Mar Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two fully renovated duplex units with tenants already in place; Unit A: 914 SF with 2 bedrooms and 2 bathrooms; Unit B: 1,144 SF with 3 bedrooms and 2 bathrooms
