New Construction Duplex
For Sale
$565,000
15 Wellham Ln, Palm Coast, FL 32164
Brand-new duplex with two units, each offering 3 bedrooms, 2 bathrooms, and an indoor laundry setup.
Property Size2,530 SF
Price / SF$223.32
Days on Market17
Property Features for 15 Wellham Ln
General Information
Standard status
Active
Size
2,530 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
EXP REALTY LLC
(386) 804-2454
Listed By:
Denise Fernandes · License #3526236
Source:
Bradfordrealestatenetwork
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 5 at 11:16AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
Brand-new 2026 duplex featuring two residential units. Each unit includes three bedrooms and two bathrooms, an open-concept layout, porcelain tile flooring throughout, and a kitchen with a backsplash. Indoor laundry hookups are included, along with a screened rear porch intended for year-round outdoor use.
The property is located in the Pine Lakes area of Palm Coast and is described as convenient to schools, shopping, dining, golf courses, medical facilities, parks, and walking and biking trails. Easy access to I-95 is noted, and the listing states Flagler Beach is a short drive away.
As configured, the duplex provides two separate units within a modern, purpose-built structure, offering a straightforward residential income or multi-household living setup.
The property is located in the Pine Lakes area of Palm Coast and is described as convenient to schools, shopping, dining, golf courses, medical facilities, parks, and walking and biking trails. Easy access to I-95 is noted, and the listing states Flagler Beach is a short drive away.
As configured, the duplex provides two separate units within a modern, purpose-built structure, offering a straightforward residential income or multi-household living setup.
Key Highlights
- Newly built 2026 duplex in Palm Coast (Pine Lakes area)
- Two units, each with 3 bedrooms and 2 bathrooms
- Open‑concept layout in each unit with porcelain tile flooring throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $17.40 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $41.7k | $16.50 |
| − OpEx | −$12.5k | −$4.95 |
| NOI | $29.2k | $11.55 |
2,530 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.3K
$365.2K – $486.9K
NOI $29,213 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$608.0K
$532.0K – $709.3K
NOI $42,559 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brand-new duplex with two units, each offering 3 bedrooms, 2 bathrooms, and an indoor laundry setup.
Where is this duplex located?
The property is located at 15 Wellham Ln Palm Coast, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Newly built 2026 duplex in Palm Coast (Pine Lakes area); Two units, each with 3 bedrooms and 2 bathrooms; Open‑concept layout in each unit with porcelain tile flooring throughout
