Duplex with Two
For Sale
$409,000
Pending
101 SECRETARY TRAIL, Palm Coast, FL 32164
Two-bedroom, two-bath units feature updated finishes, private outdoor space, and convenient garage parking.
Property Size1,957 SF
Days on Market555
Property Features for 101 SECRETARY TRAIL
General Information
Standard status
Pending
Size
1,957 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$5,163
Amenities
granite countertops
stainless steel appliances
luxury vinyl plank flooring
washer/dryer connections
large back yard
Building Details
Year Built
2023
Buildings
1
Construction
concrete block/stucco
Listing Agency:
BRG REALTY VENTURES
(352) 871-8324
Listed By:
Joseph Klenck · License #3555950
(352) 514-4725
Source:
Exitrealty
Added: Apr 10, 2025
Changed: Sep 2
Last Checked: Sep 15 at 5:48AM
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 BRG REALTY VENTURES
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Investment Insights
Based on property information with market context.
Built in 2023, this 1,957-square-foot duplex contains two matching residences, each with two bedrooms, two bathrooms, and a 1-car garage. Interior finishes include granite countertops, stainless steel appliances, luxury vinyl plank flooring, spacious living areas, generous closets, and washer/dryer connections. Each residence also includes a large backyard. The concrete block and stucco construction adds to the property's durable design.
The duplex is located at 101 Secretary Trail in Palm Coast, Florida. Unit A is currently vacant and available for immediate move-in, while the property is professionally managed. Both HVAC systems, water heaters, and the roof are less than 3 years old.
The duplex is located at 101 Secretary Trail in Palm Coast, Florida. Unit A is currently vacant and available for immediate move-in, while the property is professionally managed. Both HVAC systems, water heaters, and the roof are less than 3 years old.
Key Highlights
- 2023 concrete block and stucco construction
- Two 2‑bedroom, 2‑bathroom units
- Each unit includes a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,597
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,940
$451.9K
Cap Rate 7%
$322,814
$322.8K
Cap Rate 9%
$251,078
$251.1K
Market Conditions
NOI Build-Up for 1,957 SF
Gross rent
$34.1K $17.40/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$32.3K $16.50/SF
− OpEx
−$9.7K −$4.95/SF
NOI
$22.6K $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%
$451,940
Cap Rate 7%
$322,814
Cap Rate 9%
$251,078
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$286.8K
$251.0K – $334.6K
NOI $20,076 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$470.3K
$411.5K – $548.7K
NOI $32,920 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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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 - Two-bedroom, two-bath units feature updated finishes, private outdoor space, and convenient garage parking.
Where is this duplex located?
The property is located at 101 SECRETARY TRAIL Palm Coast, FL.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 2023 concrete block and stucco construction; Two 2‑bedroom, 2‑bathroom units; Each unit includes a 1‑car garage
