Duplex with Screened
168 FENIMORE Lane, Palm Coast, FL 32137
For Sale
$540,000
Residential Income, PALM COAST, FL
Property Size2,429 SF
Lot Size0.28 Acres
Price / SF$222.31
Days on Market51
Property Features for 168 FENIMORE Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Interior features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
granite counter tops
stainless steel appliances
ceiling fans
screened patio
privacy fence
extra tall kitchen cabinets
pantry
walk-in closet
tile flooring
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
GRAND LIVING REALTY
(386) 447-0800
Listed By:
Shari Leigh Murriello · License #3040005
(561) 762-1828
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 7 at 4:06PM
MLS# FC321574
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2022, this block-construction duplex contains 2,429 square feet across two residences with matching layouts. Each home has three bedrooms, two bathrooms, and a one-car garage. Interior finishes include tile flooring throughout, solid-surface counters, tall kitchen cabinetry, and a walk-in closet in the primary bedroom. Kitchens include a pantry, stainless steel stove and dishwasher, and ceiling fans serve the living rooms and bedrooms.
Both residences also feature screened patios and fenced back yards. The property occupies 0.28 acres and has public water and sewer service.
Both residences also feature screened patios and fenced back yards. The property occupies 0.28 acres and has public water and sewer service.
Key Highlights
- Two residences with matching three‑bedroom, two‑bath layouts
- 2,429 square feet of building area on 0.28 acres
- Built in 2022 with block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,047
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,940
$560.9K
Cap Rate 7%
$400,671
$400.7K
Cap Rate 9%
$311,633
$311.6K
Market Conditions
NOI Build-Up for 2,429 SF
Gross rent
$42.3K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.1K $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%
$560,940
Cap Rate 7%
$400,671
Cap Rate 9%
$311,633
Alternative Uses
Best Use
Multifamily LT 5
$400.7K
$350.6K – $467.5K
NOI $28,047 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$356.0K
$311.5K – $415.3K
NOI $24,918 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$583.7K
$510.8K – $681.0K
NOI $40,860 @ 7.0% cap · market cap 7.57%
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
108
Businesses Nearby
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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
$360,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Palm Coast, FL
Properties on Market for Duplexes in Palm Coast
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two baths, and a one-car garage.
Where is this duplex located?
The property is located at 168 FENIMORE Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two residences with matching three‑bedroom, two‑bath layouts; 2,429 square feet of building area on 0.28 acres; Built in 2022 with block construction
