Duplex with Attached
New
For Sale
$399,900
3044 India Palm Drive, Edgewater, FL 32141
Residential Income, Edgewater, FL
Property Size2,034 SF
Lot Size0.33 Acres
Price / SF$196.61
Days on Market5
Property Features for 3044 India Palm Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Appliances
Refrigerator, Electric Oven, Dishwasher
Subdivision
Florida Shores
Lot features
Few Trees
Elementary school
Indian River
Middle school
New Smyrna Beach
High school
New Smyrna Beach
Directions
From I-95 take exit 244. Head east on Indian River Blvd for approximately 3.7 miles. Turn right onto Hibiscus. Follow Hibiscus for approximately 2 miles to India Palm Drive. Home will be on your left.
Standard status
Active
APN
8402-01-07-6070
Size
2,034 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOTS 7607 TO 7609 INC BLK 252 FLORIDA SHORES UNIT NO 8 MB 23 PG 132 PER OR 4928 PG 2916 PER OR 7416 PG 2068 PER OR 7843 PGS 0428 THRU 0430 INC PER OR 8130 PG 4548
Tax Annual Amount
6380
Legal Description
LOTS 7607 TO 7609 INC BLK 252 FLORIDA SHORES UNIT NO 8 MB 23 PG 132 PER OR 4928 PG 2916 PER OR 7416 PG 2068 PER OR 7843 PGS 0428 THRU 0430 INC PER OR 8130 PG 4548
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Block, Stucco
Roof type
Shingle
Buildings
1
Listing Agency:
Simply Real Estate
(386) 677-0870
Listed By:
Deana Frechette
(386) 804-5562
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 27 at 9:06PM
MLS# 1232088
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.
Built in 2003, this 2,034-square-foot duplex contains two residences, each configured with two bedrooms, two bathrooms, and a one-car garage. The building has block and stucco construction, a shingle roof, tile and carpet flooring, central heating, and central air conditioning. Each unit includes a refrigerator, electric oven, and dishwasher. The property occupies 0.33 acres and is served by public water and public sewer.
The property is in Edgewater, near shopping, dining, medical offices, and schools. The Atlantic Coast beaches are described as a short drive away. The listing also identifies the property as outside a designated flood zone and states there is no HOA.
The property is in Edgewater, near shopping, dining, medical offices, and schools. The Atlantic Coast beaches are described as a short drive away. The listing also identifies the property as outside a designated flood zone and states there is no HOA.
Key Highlights
- Two residences, each with 2 bedrooms, 2 bathrooms, and a one‑car garage
- 2,034 square feet on a 0.33‑acre lot
- Built in 2003 with block and stucco construction
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
223
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, two bathrooms, and a one-car garage, with public water and sewer service.
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: Two residences, each with 2 bedrooms, 2 bathrooms, and a one‑car garage; 2,034 square feet on a 0.33‑acre lot; Built in 2003 with block and stucco construction
