Well-Maintained Duplex with Fenced
New
For Sale
$337,000
2225 India Palm Drive, Edgewater, FL 32141
MULTI_FAMILY - Edgewater, FL
Property Size1,972 SF
Lot Size0.22 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
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking features
Driveway
Appliances
Refrigerator, Electric Range, Dishwasher
Subdivision
Not In Subdivision
Lot features
Few Trees
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
0.22 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
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
fully fenced backyard
Building Details
Year built
2002
Number of units
2
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
Livin Paradise Realty
(386) 276-3600
Listed By:
Ana DeAlmeida · License #3178637
(386) 585-0379
Added: Jul 30
Last Checked: Aug 1 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This duplex home offers two separate units with private living spaces, each featuring two bedrooms and one bathroom. Unit 2225 has been recently updated with new flooring and fresh interior paint. The property includes a fully fenced backyard for added privacy and outdoor enjoyment.
Built in 2002, the duplex is constructed with block and stucco and finished with a shingle roof. The home is served by central air conditioning and central electric heating, supporting comfortable year-round temperatures.
Inside, both units include practical in-unit appliances such as a refrigerator, electric range, and dishwasher. Parking is provided via a driveway. Set on a 0.22-acre lot, the property is positioned for convenient access to shopping, restaurants, schools, parks, and major roadways.
Built in 2002, the duplex is constructed with block and stucco and finished with a shingle roof. The home is served by central air conditioning and central electric heating, supporting comfortable year-round temperatures.
Inside, both units include practical in-unit appliances such as a refrigerator, electric range, and dishwasher. Parking is provided via a driveway. Set on a 0.22-acre lot, the property is positioned for convenient access to shopping, restaurants, schools, parks, and major roadways.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom per unit
- Unit 2225 updated with new flooring and fresh interior paint
- Fully fenced backyard for added privacy
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
Lease Details
Multi-tenant
Tenancy
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 - Duplex on a fenced lot with central electric HVAC, driveway parking, and an updated unit interior
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 with two bedrooms and one bathroom per unit; Unit 2225 updated with new flooring and fresh interior paint; Fully fenced backyard for added privacy
