Palm Coast Duplex Investment
For Sale
$469,000
13 BUTTONWOOD, Palm Coast, FL 32137
Duplex in Palm Coast with rental income potential.
Property Size2,588 SF
Lot Size0.29 Acres
Days on Market319
Property Features for 13 BUTTONWOOD
General Information
Standard status
Active
Size
2,588 SF
Lot size
0.29 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$5,715
Building Details
Building Size
2,588 SF
Year Built
2002
Units
2
Listing Agency:
SUNBURST REALTY GROUP, INC
Listed By:
Jon Pagan
(386) 931-5392
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 12 at 8:24PM
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 SUNBURST REALTY GROUP, INC
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in coastal Palm Coast. It features two units, offering the option for full rental income or owner-occupancy of one unit while renting out the other. One unit is currently rented, while the other is vacant and has new carpet installed as of October 7, 2025. Each unit includes 3 bedrooms and 2 bathrooms, along with a screened-in back patio. Both units have been recently painted and feature new appliances. The carpet in the rented side was replaced prior to the current tenant's occupancy. The roof was replaced in 2021, and both A/C units were replaced in 2022. The property is located close to schools, shopping areas, and the beach.
Key Highlights
- Investment opportunity: Potential for full rental income or owner‑occupancy with rental income from the other unit.
- Updated features: Roof replaced in 2021 and both A/C units replaced in 2022.
- Two units, each with 3 bedrooms and 2 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,883
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,660
$597.7K
Cap Rate 7%
$426,900
$426.9K
Cap Rate 9%
$332,033
$332.0K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$45.0K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$42.7K $16.50/SF
− OpEx
−$12.8K −$4.95/SF
NOI
$29.9K $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%
$597,660
Cap Rate 7%
$426,900
Cap Rate 9%
$332,033
Alternative Uses
Best Use
Multifamily LT 5
$426.9K
$373.5K – $498.1K
NOI $29,883 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,549 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$621.9K
$544.2K – $725.6K
NOI $43,534 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
74
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Palm Coast with rental income potential.
Where is this duplex located?
The property is located at 13 BUTTONWOOD Palm Coast, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Investment opportunity: Potential for full rental income or owner‑occupancy with rental income from the other unit.; Updated features: **Roof replaced in 2021 and both A/C units replaced in 2022.**; Two units, each with 3 bedrooms and 2 bathrooms.
