Two-Unit
For Sale
$475,000
148 SECRETARY TRAIL #A/B, Palm Coast, FL 32164
Newer Palm Coast residential income property with separate living spaces under one roof.
Property Size2,422 SF
Price / SF$196.12
Days on Market56
Property Features for 148 SECRETARY TRAIL #A/B
General Information
Standard status
Active
Size
2,422 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
2021
Buildings
1
Listing Agency:
VIRTUAL HOMES REALTY
(386) 569-5383
Listed By:
Kseniya Edwards · License #3312959
(386) 237-7688
Source:
Dennisrealty
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 12 at 8:21PM
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 VIRTUAL HOMES REALTY
Investment Insights
Based on property information with market context.
This two-unit residential property at 148 Secretary Trail offers 2,422 square feet of combined living area within a duplex configuration. Completed in 2021, the building provides separate living spaces for each residence, allowing both units to operate within one property while maintaining individual household privacy.
Located in Palm Coast, Florida, the property is near shopping, restaurants, schools, parks, golf courses, medical facilities, major roadways, and Atlantic Coast beaches. Its two-unit layout supports multifamily ownership and provides flexibility for an owner seeking a residence alongside rental income or for an investor evaluating a residential income asset.
Located in Palm Coast, Florida, the property is near shopping, restaurants, schools, parks, golf courses, medical facilities, major roadways, and Atlantic Coast beaches. Its two-unit layout supports multifamily ownership and provides flexibility for an owner seeking a residence alongside rental income or for an investor evaluating a residential income asset.
Key Highlights
- Two residential units under one roof
- 2,422 square feet of combined property size
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,966
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,320
$559.3K
Cap Rate 7%
$399,514
$399.5K
Cap Rate 9%
$310,733
$310.7K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$42.1K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.0K $16.50/SF
− OpEx
−$12.0K −$4.95/SF
NOI
$28.0K $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%
$559,320
Cap Rate 7%
$399,514
Cap Rate 9%
$310,733
Alternative Uses
Best Use
Multifamily LT 5
$399.5K
$349.6K – $466.1K
NOI $27,966 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$354.9K
$310.6K – $414.1K
NOI $24,846 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$582.0K
$509.3K – $679.0K
NOI $40,742 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
31
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Newer Palm Coast residential income property with separate living spaces under one roof.
Where is this duplex located?
The property is located at 148 SECRETARY TRAIL #A/B Palm Coast, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residential units under one roof; 2,422 square feet of combined property size; Built in 2021
