Duplex with New Tile
For Sale
$450,000
Pending
19 FLEMINGWOOD LANE A, Palm Coast, FL 32137
Two three-bedroom residences offer garages, screened porches, and separate open-plan living areas.
Property Size2,618 SF
Days on Market655
Property Features for 19 FLEMINGWOOD LANE A
General Information
Standard status
Pending
Size
2,618 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$5,168
Amenities
screened porches
walk-in shower
stainless steel appliances
park-like backyard
Building Details
Year Built
1994
Buildings
1
Listing Agency:
VIRTUAL HOMES REALTY
Listed By:
Alina Pekarsky · License #3118291
(386) 569-5383
Source:
Exitrealty
Added: Dec 30, 2024
Changed: Oct 3
Last Checked: Oct 2 at 5:23PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms, two bathrooms, a one-car garage, an open layout, and a screened porch facing the private, park-like backyard. The property totals 2,618 SF and was built in 1994. A tile roof was installed in 2024, while both HVAC systems were replaced in 2017. Side B has fresh interior paint, luxury vinyl plank flooring, and stainless steel appliances. Both units include generously sized bedrooms, and each primary bedroom has a walk-in shower.
Located in Palm Harbor in Palm Coast, the property is within walking or biking distance of parks, trails, shopping, and dining, with the beach a short drive away. There are no rental restrictions. Side A is currently leased through July 31, 2025, allowing an owner to occupy the other residence or lease both sides.
Located in Palm Harbor in Palm Coast, the property is within walking or biking distance of parks, trails, shopping, and dining, with the beach a short drive away. There are no rental restrictions. Side A is currently leased through July 31, 2025, allowing an owner to occupy the other residence or lease both sides.
Key Highlights
- Two‑unit duplex totaling 2,618 SF
- Each residence includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- New tile roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,229
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,580
$604.6K
Cap Rate 7%
$431,843
$431.8K
Cap Rate 9%
$335,878
$335.9K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$45.6K $17.40/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$43.2K $16.50/SF
− OpEx
−$13.0K −$4.95/SF
NOI
$30.2K $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%
$604,580
Cap Rate 7%
$431,843
Cap Rate 9%
$335,878
Alternative Uses
Best Use
Multifamily LT 5
$431.8K
$377.9K – $503.8K
NOI $30,229 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$383.7K
$335.7K – $447.6K
NOI $26,856 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$629.1K
$550.5K – $734.0K
NOI $44,039 @ 7.0% cap · market cap 9.79%
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
71
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer garages, screened porches, and separate open-plan living areas.
Where is this duplex located?
The property is located at 19 FLEMINGWOOD LANE A Palm Coast, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,618 SF; Each residence includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; New tile roof installed in 2024
