Two-Unit Duplex with 2023
For Sale
$329,900
Pending
33 WELLWOOD Lane, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size1,736 SF
Lot Size0.23 Acres
Days on Market56
Property Features for 33 WELLWOOD Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4
Pets allowed
Yes
Interior features
Walk-In Closet(s)
Exterior features
Private Mailbox
Appliances
Dishwasher, Range, Refrigerator
Subdivision
PINE LAKES
Directions
Pine Lakes Pkwy to Wellwater to Wellwood Lane #33 is on the left.
Standard status
Pending
APN
07-11-31-7021-00010-0100
Size
1,736 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 21 BLOCK 00001 LOT 0010 SUBDIVISION COMPLETION YEAR 1977 OR 212 PG 0632 OR 1759/426 OR 2229/1961- OR 2429/1708
Tax Annual Amount
4589
Legal Description
PALM COAST SECTION 21 BLOCK 00001 LOT 0010 SUBDIVISION COMPLETION YEAR 1977 OR 212 PG 0632 OR 1759/426 OR 2229/1961- OR 2429/1708
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Building materials
Concrete, Stucco
Roof type
Shingle
Listing Agency:
TRADEMARK REALTY GROUP LLC
(386) 447-6889
Listed By:
Bruce Garrison · License #3070543
(386) 931-4620
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 5 at 4:06PM
MLS# FC320609
Copyright © 2026 Stellar MLS. 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 two-unit residential property contains 1,736 square feet on a 0.23-acre lot in Palm Coast’s Pine Lakes subdivision. Each side provides two bedrooms, one full bathroom, a living area, and a functional kitchen, creating a straightforward layout for residential occupancy. The building was constructed in 1984, with concrete and stucco construction, a shingle roof replaced in 2023, walk-in closet(s), and a private mailbox. Appliances include a dishwasher, range, and refrigerator, while central air and heat-pump heating serve the property.
Located at 33 Wellwood Lane, the duplex has public water and public sewer service and is zoned DPX. Its Palm Coast setting places the property near shopping, dining, parks, and schools, as stated in the property information. The combination of separate residential units, established construction, and updated roofing provides a clearly defined duplex configuration.
Located at 33 Wellwood Lane, the duplex has public water and public sewer service and is zoned DPX. Its Palm Coast setting places the property near shopping, dining, parks, and schools, as stated in the property information. The combination of separate residential units, established construction, and updated roofing provides a clearly defined duplex configuration.
Key Highlights
- 1,736‑square‑foot duplex on a 0.23‑acre lot
- Two units, each with 2 bedrooms and 1 full bathroom
- Roof replaced in 2023; shingle roofing
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - DPX-zoned duplex with public water and sewer, central air, and practical two-bedroom layouts.
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: 1,736‑square‑foot duplex on a 0.23‑acre lot; Two units, each with 2 bedrooms and 1 full bathroom; Roof replaced in 2023; shingle roofing
