Two-Unit Duplex with
For Sale
$465,000
18 PROSPECT LN #A & B, Palm Coast, FL 32164
Both residences have three bedrooms, two bathrooms, vaulted ceilings and tile flooring.
Property Size2,622 SF
Price / SF$177.35
Days on Market255
Property Features for 18 PROSPECT LN #A & B
General Information
Standard status
Active
Size
2,622 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,507
Amenities
open patio
garage door opener
Building Details
Building Size
2,622 SF
Year Built
2007
Buildings
1
Listing Agency:
CLARION GROUP, INC.
Listed By:
Karen Radcliff · License #468496
(386) 225-4785
Source:
Coastalventures
Added: Feb 15
Changed: Oct 27
Last Checked: Oct 27 at 4:06AM
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 CLARION GROUP, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this 2,622-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. Interior features include vaulted ceilings and tile flooring, while each side also has an open patio and a garage door opener. The property has newer air conditioning systems and roofs.
Both residences are currently rented.
Both residences are currently rented.
Key Highlights
- 2,622‑square‑foot duplex built in 2007
- Two residences, each with 3 bedrooms and 2 bathrooms
- Both sides are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,275
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,500
$605.5K
Cap Rate 7%
$432,500
$432.5K
Cap Rate 9%
$336,389
$336.4K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$45.6K $17.40/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$43.3K $16.50/SF
− OpEx
−$13.0K −$4.95/SF
NOI
$30.3K $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%
$605,500
Cap Rate 7%
$432,500
Cap Rate 9%
$336,389
Alternative Uses
Best Use
Multifamily LT 5
$432.5K
$378.4K – $504.6K
NOI $30,275 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$630.1K
$551.3K – $735.1K
NOI $44,106 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
154
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two bathrooms, vaulted ceilings and tile flooring.
Where is this duplex located?
The property is located at 18 PROSPECT LN #A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,622‑square‑foot duplex built in 2007; Two residences, each with 3 bedrooms and 2 bathrooms; Both sides are rented
