Duplex with Fenced
2225 INDIA PALM Drive, Edgewater, FL 32141
For Sale
$329,000
Under Contract
Residential Income, EDGEWATER, FL
Property Size1,972 SF
Lot Size0.23 Acres
Price / SF$166.84
Days on Market101
Property Features for 2225 INDIA PALM Drive
General Information
Property type
Property subtype
Zoning
Rooms
Interior features
Exterior features
Fencing
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
fully fenced backyard
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
LIVIN PARADISE REALTY LLC
(386) 276-3600
Listed By:
Ana DeAlmeida · License #3178637
(386) 585-0379
Added: Jul 30
Changed: Nov 7
Last Checked: Nov 7 at 4:06AM
MLS# FC320339
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.
This 1,972-square-foot duplex contains two units, each arranged with two bedrooms and one bathroom. The 0.23-acre property was built in 2002 and has block and stucco construction, central heating and air conditioning, and a shingle roof. Tile and vinyl flooring are noted, along with a kitchen and family room combination in the interior features. One unit has received new flooring and interior paint. A fenced backyard serves the property.
Public water and sewer are available, and cable service is available. The property is located in Edgewater, Florida, with shopping, restaurants, schools, parks, and major roadways described as nearby.
Public water and sewer are available, and cable service is available. The property is located in Edgewater, Florida, with shopping, restaurants, schools, parks, and major roadways described as nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,972 square feet on a 0.23‑acre lot
- One unit updated with new flooring and interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,299
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,980
$346.0K
Cap Rate 7%
$247,129
$247.1K
Cap Rate 9%
$192,211
$192.2K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$27.5K $13.92/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$24.7K $12.53/SF
− OpEx
−$7.4K −$3.76/SF
NOI
$17.3K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,980
Cap Rate 7%
$247,129
Cap Rate 9%
$192,211
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,299 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$214.7K
$187.8K – $250.5K
NOI $15,027 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 12.37%
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
389
Businesses Nearby
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Business Placement
Demographics for 32141, FL
17,955
Population
9,400
Households
1.9
Avg Household Size
54
Median Age
23%
College-Educated
93%
High-School Grad
23.6 sq mi
ZIP Area
761
Density / Sq Mi
$61,110
Median Household Income
$37,874
Median Earnings
$1,481
Median Rent
$244,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Volusia County, FL
Properties on Market for Duplexes in Volusia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units offer separate living spaces, with recent interior updates in one residence.
Where is this duplex located?
The property is located at 2225 INDIA PALM Drive Edgewater, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,972 square feet on a 0.23‑acre lot; One unit updated with new flooring and interior paint
