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Palm Coast Duplex Investment
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15 Prospect Ln, Palm Coast, FL 32164

Spacious duplex in Palm Coast with a 6.84% cap rate.

Property SizeContact for details
Days on Market214

Property Features for 15 Prospect Ln

General Information

Standard status Active
Class B
Property subtype Multifamily
Investment Type Owner/User
Net Operating Income $35,585

Building Details

Year Built 2005
Buildings 1
Units 2
Listing Agency: Epique Realty
Listed By: Dino Dodani · License #FL SL3221388
Source: Crexi
Added: Jan 27 Changed: Aug 26 Last Checked: Aug 28 at 6:06PM

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 Epique Realty

Investment Insights

Based on property information with market context.

Located in Palm Coast, Florida, this duplex offers an investment opportunity with a 6.84% cap rate. Constructed in 2005 with masonry, the Class B property features two identical floor plans, each with 3 bedrooms, 2 full bathrooms, and a 2-car garage. Each unit includes a lanai and a private fenced backyard. The property is located near grocery stores, shopping centers, schools, and parks and trails. Flagler Beach is a 15-minute drive away. The property is located in a friendly and safe community and is professionally managed. The property is pet-friendly. The seller is offering a 5-year roof certification upon sale. The property has been freshly painted and maintained, making it move-in ready. The HVAC system is centrally controlled. The roofing is made of shingles. There is a value-add opportunity to further enhance the property's potential and increase its value. The intended use of the property is as a multifamily investment.

Key Highlights

  • High Cap Rate: 6.84% offers a lucrative investment opportunity.
  • Two Identical Units: Each unit features 3 bedrooms, 2 bathrooms, and a 2‑car garage, simplifying management.
  • Move‑In Ready: Freshly painted and meticulously maintained, ensuring immediate occupancy.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

104
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Spacious duplex in Palm Coast with a 6.84% cap rate.
Where is this duplex located?
The property is located at 15 Prospect Ln Palm Coast, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: High Cap Rate: 6.84% offers a lucrative investment opportunity.; Two Identical Units: Each unit features 3 bedrooms, 2 bathrooms, and a 2‑car garage, simplifying management.; Move‑In Ready: Freshly painted and meticulously maintained, ensuring immediate occupancy.
(386) 679-0888 Call to check price and availability
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