Duplex with Fenced
2225 India Palm Drive, Edgewater, FL 32141
For Sale
$329,000
Residential Income, Edgewater, FL
Property Size1,972 SF
Lot Size0.22 Acres
Price / SF$166.84
Days on Market101
Property Features for 2225 India Palm Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
fully fenced backyard
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Livin Paradise Realty
(386) 276-3600
Listed By:
Ana DeAlmeida · License #3178637
(386) 585-0379
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 7 at 4:06AM
MLS# 1229162
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 duplex contains two residential units, each arranged with 2 bedrooms and 1 bathroom. The property measures 1,972 square feet on a 0.22-acre lot, with block and stucco construction, a shingle roof, and central air conditioning. Unit 2225 includes newer flooring and refreshed interior paint. Refrigerators, electric ranges, and dishwashers are included, while a fully enclosed backyard provides shared outdoor space and privacy.
Located in Edgewater, the property is near shopping, restaurants, schools, parks, and major roadways. Each unit offers a private living area with natural light, and driveway parking serves the property. Built in 2002, the duplex may accommodate an owner-occupant arrangement or continued residential rental use.
Located in Edgewater, the property is near shopping, restaurants, schools, parks, and major roadways. Each unit offers a private living area with natural light, and driveway parking serves the property. Built in 2002, the duplex may accommodate an owner-occupant arrangement or continued residential rental use.
Key Highlights
- Duplex with 2 bedrooms and 1 bathroom in each unit
- 1,972 square feet on a 0.22‑acre lot
- Unit 2225 has updated flooring and fresh 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 include private living areas and driveway parking.
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: Duplex with 2 bedrooms and 1 bathroom in each unit; 1,972 square feet on a 0.22‑acre lot; Unit 2225 has updated flooring and fresh interior paint
