Duplex With
168 FENIMORE LANE #A, Palm Coast, FL 32137
For Sale
$540,000
Two-unit residential property featuring granite countertops, tile flooring, and a one-car garage.
Property Size2,429 SF
Price / SF$222.31
Days on Market51
Property Features for 168 FENIMORE LANE #A
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
GRAND LIVING REALTY
(386) 447-0800
Listed By:
Shari Leigh Murriello · License FL #3040005
(561) 762-1828
Source:
Endlesssummerrealty
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 10 at 8:42AM
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 GRAND LIVING REALTY
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex offers a two-unit residential configuration with granite countertops and tile flooring throughout both units. The property also includes a one-car garage and is located in Palm Coast, Florida.
Key Highlights
- Duplex configuration with two residential units
- Built in 2022
- Granite countertops in both units
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 - Two-unit residential property featuring granite countertops, tile flooring, and a one-car garage.
Where is this duplex located?
The property is located at 168 FENIMORE LANE #A 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: Duplex configuration with two residential units; Built in 2022; Granite countertops in both units
