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    Palm Coast Duplex For Sale Title is generated by Realmo AI

    129 Wellwood Ln, Palm Coast, FL 32164

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    2022 duplex in Palm Coast with strong rental history.

    Type:Multifamily
    Property size:
    3,284 SF
    Price / SF:
    $158/SF
    Added:
    Mar 4, 2026
    Days on Market:
    115
    Last Refresh:
    Mar 16 at 2:34 pm

    Property Features for 129 Wellwood Ln

    General Information

    Standard status
    Active
    Size
    3,284 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2022

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    Joe Klenck

    Listing office The Multifamily Advisors from Beau Beery Multifamily Advisors

    Listing date Mar 4, 2026

    Source Crexi

    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 The Multifamily Advisors from Beau Beery Multifamily Advisors

    HighLights

    • 2022 Construction: Modern duplex built with concrete block/stucco.
    • Strong Rental History/Demand: Located in Palm Coast, Florida, a desirable coastal area.
    • Two 3‑Bedroom/2‑Bathroom Units: Ideal for renting or living in one unit and renting the other.
    • Unit B Vacant: Available for immediate move‑in or rental.
    • Granite Countertops & Stainless Steel Appliances: Modern, desirable finishes.
    • No HOA: Avoids extra fees and restrictions.

    Overview

    Located in Palm Coast, Florida, this duplex, constructed in 2022 with concrete block and stucco, offers benefits of a coastal area with rental demand. Both units feature 3 bedrooms and 2 bathrooms. Unit B is currently vacant and available for immediate move-in. Unit A is on a month-to-month lease and is open to renewal for another year. Each unit includes a 1-car garage, granite countertops, stainless steel appliances, luxury vinyl plank flooring, washer and dryer connections, a spacious living room and bedrooms with closet space, a large backyard, and private patio areas. The water heaters, HVAC systems, and roof are less than 4 years old. The property is located 15 minutes from Flagler Beach and has no HOA. The property size is 3284 square feet.

    Local 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 $57.1k $17.40
    − Vacancy −$3.0k −$0.90
    EGI $54.2k $16.50
    − OpEx −$16.3k −$4.95
    NOI $37.9k $11.55
    3,284 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $541.7K
    $474.0K – $632.0K (±1% cap)
    NOI $37,919 @ 7.0% cap · market cap 7.29%
    Second Best
    Apartment 5plus
    $481.3K
    $421.1K – $561.5K (±1% cap)
    NOI $33,689 @ 7.0% cap · market cap 6.48%
    Theoretical Best
    Office A
    $789.2K
    $690.5K – $920.7K (±1% cap)
    NOI $55,242 @ 7.0% cap · market cap 10.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2520105
    Latitude
    29.5492648

    FAQs

    What type of property is this?
    Duplex - 2022 duplex in Palm Coast with strong rental history.
    Where is this duplex located?
    The property is located at 129 Wellwood Ln Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $519,900.
    What are key features of this property?
    This property features: 2022 Construction: Modern duplex built with concrete block/stucco.; Strong Rental History/Demand: Located in Palm Coast, Florida, a desirable coastal area.; Two 3‑Bedroom/2‑Bathroom Units: Ideal for renting or living in one unit and renting the other.
    More about this property
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