Three-Bedroom Duplex
For Sale
$250,000
1402 PORTOBELLO DRIVE, Port Orange, FL 32127
The home includes a private screened porch, a one-car garage, and access to community recreation amenities.
Property Size1,304 SF
Price / SF$191.72
Days on Market127
Property Features for 1402 PORTOBELLO DRIVE
General Information
Standard status
Active
Size
1,304 SF
Property subtype
Duplex
Zoning
RESI
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,111
Amenities
clubhouse
heated swimming pool
shuffleboard
game tables
private gated boat launch
fishing dock
cleaning station
community storage yard
racquetball
recreation facilities
Ceiling Fans(s)
Building Details
Building Size
1,304 SF
Year Built
1979
Stories
1
Construction
concrete block
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 738-1920
Listed By:
Kathy Cate · License #652861
(386) 212-5675
Source:
1stfororlandorealty
Added: Jun 23
Changed: Oct 25
Last Checked: Oct 25 at 10:47PM
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 ADAMS, CAMERON & CO., REALTORS
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Investment Insights
Based on property information with market context.
Built in 1979, this half-duplex residence offers three bedrooms, two bathrooms, and an open living area with a wood-burning fireplace. The home has concrete block construction with brick accents and vinyl siding. A one-car garage, screened porch, and large backyard add to the property’s outdoor and storage features. Improvements include a 2021 air-conditioning system, 2018 water heater, 2022 plank flooring and garage door opener, and a roof, energy-efficient windows, and sliding door installed in 2015.
The residence is in Harbour Point, a riverfront community in Port Orange. Shared amenities include a clubhouse with kitchen, heated pool overlooking the Halifax River, shuffleboard, game tables, and a gated boat launch with fishing dock and cleaning station. Community services include lawn and sprinkler maintenance, cable, and internet. A fenced, gated boat and RV storage area may be available, subject to availability.
The residence is in Harbour Point, a riverfront community in Port Orange. Shared amenities include a clubhouse with kitchen, heated pool overlooking the Halifax River, shuffleboard, game tables, and a gated boat launch with fishing dock and cleaning station. Community services include lawn and sprinkler maintenance, cable, and internet. A fenced, gated boat and RV storage area may be available, subject to availability.
Key Highlights
- Three bedrooms and two bathrooms in a half‑duplex residence
- One‑car garage with garage door opener installed in 2022
- Air conditioning replaced in 2021; water heater installed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,937
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,740
$198.7K
Cap Rate 7%
$141,957
$142.0K
Cap Rate 9%
$110,411
$110.4K
Market Conditions
NOI Build-Up for 1,304 SF
Gross rent
$20.2K $15.48/SF
− Vacancy
−$2.1K −$1.63/SF
EGI
$18.1K $13.85/SF
− OpEx
−$8.1K −$6.23/SF
NOI
$9.9K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,740
Cap Rate 7%
$141,957
Cap Rate 9%
$110,411
Alternative Uses
Best Use
Apartment 5plus
$142.0K
$124.2K – $165.6K
NOI $9,937 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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Business Placement
Demographics for 32127, FL
29,999
Population
15,898
Households
1.9
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,013
Density / Sq Mi
$65,260
Median Household Income
$39,196
Median Earnings
$1,324
Median Rent
$301,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes a private screened porch, a one-car garage, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 1402 PORTOBELLO DRIVE Port Orange, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms in a half‑duplex residence; One‑car garage with garage door opener installed in 2022; Air conditioning replaced in 2021; water heater installed in 2018
