Two-Unit Duplex with
New
For Sale
$399,900
3044 INDIA PALM DRIVE, Edgewater, FL 32141
Both residences offer two-bedroom, two-bath layouts and private garages.
Property Size2,034 SF
Price / SF$196.61
Days on Market6
Property Features for 3044 INDIA PALM DRIVE
General Information
Standard status
Active
Size
2,034 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
2003
Construction
concrete block
Listing Agency:
SIMPLY REAL ESTATE
(386) 677-0870
Listed By:
Deana Frechette · License #3379314
(386) 804-5562
Source:
Endlesssummerrealty
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 6:50AM
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 SIMPLY REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 2003, this concrete-block duplex contains 2,034 square feet across two residences. Each side has two bedrooms, two bathrooms, a one-car garage, and yard space. The property also provides parking, with no homeowners association and a location outside a designated flood zone.
Shopping, dining, medical offices, and schools are in the surrounding area, with access to major interstates. The property is in Edgewater, Florida.
Shopping, dining, medical offices, and schools are in the surrounding area, with access to major interstates. The property is in Edgewater, Florida.
Key Highlights
- Concrete‑block duplex built in 2003
- 2,034 square feet across two residences
- Each side has 2 bedrooms, 2 bathrooms, and a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,843
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,860
$356.9K
Cap Rate 7%
$254,900
$254.9K
Cap Rate 9%
$198,256
$198.3K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$28.3K $13.92/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$25.5K $12.53/SF
− OpEx
−$7.6K −$3.76/SF
NOI
$17.8K $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%
$356,860
Cap Rate 7%
$254,900
Cap Rate 9%
$198,256
Alternative Uses
Best Use
Multifamily LT 5
$254.9K
$223.0K – $297.4K
NOI $17,843 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$221.4K
$193.7K – $258.3K
NOI $15,499 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$599.7K
$524.8K – $699.7K
NOI $41,982 @ 7.0% cap · market cap 10.50%
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
223
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two-bedroom, two-bath layouts and private garages.
Where is this duplex located?
The property is located at 3044 INDIA PALM DRIVE Edgewater, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Concrete‑block duplex built in 2003; 2,034 square feet across two residences; Each side has 2 bedrooms, 2 bathrooms, and a 1‑car garage
