Edgewater Quadruplex with Townhome
2430 INDIA PALM Dr, Edgewater, FL 32141
Well-maintained quadruplex featuring townhome-style units and recent renovations.
Type:Investment
Property size:
5,016 SFPrice / SF:
$129/SF- Added:
- May 15, 2026
- Days on Market:
- 13
- Last Refresh:
- May 15 at 5:31 pm
Property Features for 2430 INDIA PALM Dr
General Information
- Standard status
- Active
- Size
- 5,016 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1983
Listing agent Tracie Culver (386) 414-3445
Listing office Culver Realty & Property Management (386) 414-3445
Listing date May 15, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Culver Realty & Property Management
HighLights
- High market rent potential of $5,800/month compared to the current $4,350/month.
- Each unit is a spacious townhome featuring 2 bedrooms, 1.5 baths, and 1,254 sq ft.
- Recent interior renovations include kitchens, bathrooms, and flooring (2018‑2021).
- Exterior improvements: New roof (9/2022), gutters, fascia, and soffit (10/2022).
- Electric and water are separately metered and paid by tenants.
- Newer AC units: Three replaced since 2021, with one replaced in 2025.
Overview
This quadruplex property features townhome-style units, each with 2 bedrooms, 1.5 baths, and 1,254 square feet of living space. The property generates $4,350 per month in rent with potential market rents of $5,800 per month. Each unit is separately metered for electric and water, which are paid by the tenants. The property has been well-maintained with interior renovations to the kitchens, bathrooms, and flooring. Specific renovation dates for each unit are as follows: Unit A (9/2021), Unit B (9/2018), Unit C (6/2018), and Unit D (4/2018). Exterior renovations include a new roof installed in September 2022, as well as new gutters, fascia, and soffit in October 2022. AC unit replacement dates are: Unit A (6/2025), Unit B (3/2021), Unit C (10/2021), and Unit D (5/2018). Stove replacement dates are: Unit A (11/2024), Unit B (11/2018), Unit C (7/2018), and Unit D (5/2018). Water heater replacement dates are: Unit A (4/2024), Unit B (11/2012), Unit C (unknown), and Unit D (12/2022). Washer replacement dates are: Unit A (10/2021), Unit B (11/2018), Unit C (11/2025), and Unit D (5/2018). Dryer replacement dates are: Unit A (10/2021), Unit B (11/2018), Unit C (7/2018), and Unit D (5/2018). Refrigerator replacement dates are: Unit A (12/2019), Unit B (4/2020), Unit C (7/2018), and Unit D (5/2018).
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$488.9K
NOI $44,003 @ 9.00% cap · cautious / downside scenario
Moderate
$628.6K
NOI $44,003 @ 7.00% cap · market / base-case scenario
Aggressive
$880.1K
NOI $44,003 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $13.92 |
| − Vacancy | −$7.0k | −$1.39 |
| EGI | $62.9k | $12.53 |
| − OpEx | −$18.9k | −$3.76 |
| NOI | $44.0k | $8.77 |
5,016 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$628.6K
$550.0K – $733.4K
NOI $44,003 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$546.0K
$477.8K – $637.0K
NOI $38,222 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,530 @ 7.0% cap · market cap 15.93%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.8984781
- Latitude
- 28.9570224
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained quadruplex featuring townhome-style units and recent renovations.
Where is this quadplex located?
The property is located at 2430 INDIA PALM Dr Edgewater, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High market rent potential of $5,800/month compared to the current $4,350/month.; Each unit is a spacious townhome featuring 2 bedrooms, 1.5 baths, and 1,254 sq ft.; Recent interior renovations include kitchens, bathrooms, and flooring (2018‑2021).
