Duplex with Screened
For Sale
$339,997
12 Wellwood Ln, Palm Coast, FL 32164
Corner-lot duplex with separate entrances, updated systems, and flexible parking for both residences.
Property Size2,166 SF
Price / SF$156.97
Days on Market160
Property Features for 12 Wellwood Ln
General Information
Standard status
Active
Size
2,166 SF
Property subtype
Residential Income
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,200
Amenities
screened lanais
Building Details
Buildings
1
Listing Agency:
REALTY EXCHANGE, LLC
(386) 446-0017
Listed By:
Carol Grau · License #3510677
(631) 875-2596
Source:
Exprealty
Added: May 22
Changed: Oct 26
Last Checked: Oct 26 at 9:08PM
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 full duplex contains 4 bedrooms and 4 bathrooms across 2,166 square feet. One residence includes a loft, while both units feature screened lanais, separate entrances positioned around different corners of the building, and oversized driveways accommodating multiple vehicles. A 2-car garage adds dedicated parking and storage.
The property has been freshly painted and professionally cleaned. The roof was replaced in 2017, and both AC units were installed in 2019. Its Palm Coast location places the duplex near shopping, hospitals, and major roadways, with access to Daytona Beach and St. Augustine. The configuration supports an owner-occupant arrangement with one unit available for rental.
The property has been freshly painted and professionally cleaned. The roof was replaced in 2017, and both AC units were installed in 2019. Its Palm Coast location places the duplex near shopping, hospitals, and major roadways, with access to Daytona Beach and St. Augustine. The configuration supports an owner-occupant arrangement with one unit available for rental.
Key Highlights
- Full duplex with 4 bedrooms and 4 bathrooms total
- 2,166 Sq Ft of combined living area
- One unit includes a loft; both have screened lanais
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,010
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,200
$500.2K
Cap Rate 7%
$357,286
$357.3K
Cap Rate 9%
$277,889
$277.9K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$37.7K $17.40/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$35.7K $16.50/SF
− OpEx
−$10.7K −$4.95/SF
NOI
$25.0K $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%
$500,200
Cap Rate 7%
$357,286
Cap Rate 9%
$277,889
Alternative Uses
Best Use
Multifamily LT 5
$357.3K
$312.6K – $416.8K
NOI $25,010 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$317.4K
$277.8K – $370.3K
NOI $22,220 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$520.5K
$455.5K – $607.3K
NOI $36,436 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
587
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with separate entrances, updated systems, and flexible parking for both residences.
Where is this duplex located?
The property is located at 12 Wellwood Ln Palm Coast, FL.
What is the asking price?
The asking price for this property is $339,997.
What are key features of this property?
This property features: Full duplex with 4 bedrooms and 4 bathrooms total; 2,166 Sq Ft of combined living area; One unit includes a loft; both have screened lanais
