Duplex with Fenced
New
For Sale
$337,000
2225 INDIA PALM Drive, Edgewater, FL 32141
MULTI_FAMILY - EDGEWATER, FL
Property Size1,972 SF
Lot Size0.23 Acres
Price / SF$170.89
Days on Market3
Property Features for 2225 INDIA PALM Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
07R4
Rooms
Family Room
Interior features
Kitchen/Family Room Combo, Thermostat, Window Treatments
Exterior features
Fence
Fencing
Fenced
Subdivision
FLA SHRS 07
Directions
95 south to exit 244 - left off exit towards Edgewater - Right onto Hibiscus Drive, right onto 22nd street, left onto India Palm Drive
Standard status
Active
APN
8402-01-06-9860
Size
1,972 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 6986 & 6987 BLK 225 FLORIDA SHORES UNIT 7 MB 23 PG 131 PER OR 4796 PG 0885 PER OR 6771 PGS 3279-3280 PER OR 6789 PG 1048 PER OR 6926 PG 0676 PER OR 8745 PG 0476
Tax Annual Amount
4925
Legal Description
LOTS 6986 & 6987 BLK 225 FLORIDA SHORES UNIT 7 MB 23 PG 131 PER OR 4796 PG 0885 PER OR 6771 PGS 3279-3280 PER OR 6789 PG 1048 PER OR 6926 PG 0676 PER OR 8745 PG 0476
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
LIVIN PARADISE REALTY LLC
(386) 276-3600
Listed By:
Ana DeAlmeida · License #3178637
(386) 585-0379
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two residential units within a block and stucco structure built in 2002. Each unit provides two bedrooms and one bathroom. Interior features include a kitchen/family room combo, a thermostat, and window treatments. Flooring includes tile and vinyl, and the home is served by central heating and central air. Exterior amenities include a fenced backyard, adding privacy and outdoor space.
One unit (2225 India Palm Drive) has been recently updated with new flooring and fresh interior paint. The property is connected to public water and public sewer, and cable is available. Construction includes a shingle roof.
The duplex is positioned on a 0.23-acre lot with a total property size of 1,972 square feet. The fully fenced exterior, central HVAC, and unit configuration make it suitable for an owner-occupant or a rental-focused buyer.
One unit (2225 India Palm Drive) has been recently updated with new flooring and fresh interior paint. The property is connected to public water and public sewer, and cable is available. Construction includes a shingle roof.
The duplex is positioned on a 0.23-acre lot with a total property size of 1,972 square feet. The fully fenced exterior, central HVAC, and unit configuration make it suitable for an owner-occupant or a rental-focused buyer.
Key Highlights
- Two‑unit duplex built in 2002 with block and stucco construction
- Each unit offers two bedrooms and one bathroom
- Unit 2225 updated with new flooring and fresh interior paint
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $13.92 |
| − Vacancy | −$2.7k | −$1.39 |
| EGI | $24.7k | $12.53 |
| − OpEx | −$7.4k | −$3.76 |
| NOI | $17.3k | $8.77 |
1,972 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,299 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$214.7K
$187.8K – $250.5K
NOI $15,027 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex built in 2002 with central heating and cooling, plus a fully fenced backyard.
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 $337,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2002 with block and stucco construction; Each unit offers two bedrooms and one bathroom; Unit 2225 updated with new flooring and fresh interior paint
