Block Duplex with Screened
2304 India Palm Drive Edgewater, FL 32141
New
For Sale
$465,000
MULTI_FAMILY - Edgewater, FL
Property Size2,368 SF
Lot Size0.33 Acres
Price / SF$196.37
Days on Market1
Property Features for 2304 India Palm Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 4
Appliances
Refrigerator, Electric Oven
Standard status
Active
APN
8402-01-07-0960
Size
2,368 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 7096 TO 7098 INC BLK 231 FLORIDA SHORES UNIT 7 MB 23 PG 131 PER OR 4936 PG 4864 PER OR 6971 PG 4884 PER OR 7874 PG 0576 PER OR 8084 PG 4227
Tax Annual Amount
5536
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Block, Brick
Roof type
Shingle
Listing Agency:
The Barnett Group Inc.
(386) 426-7234
Listed By:
Tracey Barlow · License #3438904
(386) 566-3715
Added: Jul 27
Last Checked: Jul 27 at 6:06PM
MLS# 1229038
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 solid concrete block duplex is offered as a single property and provides flexible living and rental configuration with two matching units. Each unit includes two bedrooms, two full baths, a spacious living room, and a functional kitchen, along with its own private screened porch.
The property sits on an oversized corner lot and includes a newer roof installed in 2020. Located in Edgewater in Volusia County, it’s positioned near shopping, dining, schools, and waterfront parks with boat launching facilities, with beaches described as just minutes away.
The layout supports independent day-to-day use for each unit, making it practical for an owner-occupant scenario or for maintaining both units as rentals.
The property sits on an oversized corner lot and includes a newer roof installed in 2020. Located in Edgewater in Volusia County, it’s positioned near shopping, dining, schools, and waterfront parks with boat launching facilities, with beaches described as just minutes away.
The layout supports independent day-to-day use for each unit, making it practical for an owner-occupant scenario or for maintaining both units as rentals.
Key Highlights
- Solid concrete block duplex built in 1980 with 2 bedrooms and 2 full baths per unit
- Each unit includes a spacious living room, functional kitchen, and a private screened porch
- Oversized 80' x 125' corner lot with additional parking potential
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 | $33.0k | $13.92 |
| − Vacancy | −$3.3k | −$1.39 |
| EGI | $29.7k | $12.53 |
| − OpEx | −$8.9k | −$3.76 |
| NOI | $20.8k | $8.77 |
2,368 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.8K
$259.7K – $346.2K
NOI $20,773 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$257.8K
$225.6K – $300.7K
NOI $18,044 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$698.2K
$611.0K – $814.6K
NOI $48,876 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Solid concrete block duplex with two 2-bedroom, 2-bath units and private screened porches.
Where is this duplex located?
The property is located at 2304 India Palm Drive Edgewater, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Solid concrete block duplex built in 1980 with 2 bedrooms and 2 full baths per unit; Each unit includes a spacious living room, functional kitchen, and a private screened porch; Oversized 80' x 125' corner lot with additional parking potential
