Two-Unit Duplex with Updated
For Sale
$329,900
Pending
33 WELLWOOD LANE, Palm Coast, FL 32164
Each side offers a practical residential layout with living space, kitchen, bedrooms, and a full bathroom.
Property Size1,736 SF
Days on Market58
Property Features for 33 WELLWOOD LANE
General Information
Standard status
Pending
Size
1,736 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1984
Buildings
1
Listing Agency:
TRADEMARK REALTY GROUP LLC
(386) 447-6889
Listed By:
Bruce Garrison · License #3070543
(386) 931-4620
Source:
Endlesssummerrealty
Added: Aug 11
Changed: Oct 6
Last Checked: Oct 7 at 1:32PM
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 TRADEMARK REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units, with each side offering two bedrooms, one full bathroom, a living area, and a functional kitchen. The property provides 1,736 square feet of total building area and was constructed in 1984. The roof was replaced in 2023.
Located at 33 Wellwood Lane in Palm Coast’s Pine Lakes subdivision, the property is near shopping, dining, parks, and schools. Its two-unit configuration supports separate residential living spaces within a single building.
Located at 33 Wellwood Lane in Palm Coast’s Pine Lakes subdivision, the property is near shopping, dining, parks, and schools. Its two-unit configuration supports separate residential living spaces within a single building.
Key Highlights
- Two‑unit duplex with 1,736 square feet of total building area
- Each side includes 2 bedrooms and 1 full bathroom
- Both units feature living areas and functional kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,045
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,900
$400.9K
Cap Rate 7%
$286,357
$286.4K
Cap Rate 9%
$222,722
$222.7K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$30.2K $17.40/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$28.6K $16.50/SF
− OpEx
−$8.6K −$4.95/SF
NOI
$20.0K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,900
Cap Rate 7%
$286,357
Cap Rate 9%
$222,722
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.1K
NOI $20,045 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$254.4K
$222.6K – $296.8K
NOI $17,809 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$417.2K
$365.0K – $486.7K
NOI $29,202 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each side offers a practical residential layout with living space, kitchen, bedrooms, and a full bathroom.
Where is this duplex located?
The property is located at 33 WELLWOOD LANE Palm Coast, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,736 square feet of total building area; Each side includes 2 bedrooms and 1 full bathroom; Both units feature living areas and functional kitchens
