Updated Half-Duplex Income
New
For Sale
$239,000
3744 GATEWOOD Drive, Port Orange, FL 32129
MULTI_FAMILY - PORT ORANGE, FL
Property Size1,146 SF
Lot Size0.11 Acres
Price / SF$208.55
Days on Market2
Property Features for 3744 GATEWOOD Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
16R2D
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Open, Driveway
Window features
Blinds, Storm Window(s)
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Built-in Features, Ceiling Fans(s), Dry Bar, Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom
Exterior features
Lighting, Private Yard, Sidewalk, Sliding Doors
Fencing
Chain Link
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
GATEWOOD UN H
Directions
North Nova West on Samms Blvd to Left on Gatewood Dr, Property on Right
Standard status
Active
APN
6308-13-00-0281
Size
1,146 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 1/2 OF LOT 28 EXC S 1.11 FT GATEWOOD SUB UNIT II MB 40 PG 135 PER OR 4424 PG 2642 PER OR 7779 PG 0658 PER OR 8226 PG 0160 PER OR 8387 PGS 1470 THRU 1472 INC PER OR 8396 PG 3537 PER OR 8428 PG 0686 PER OR 8482 PG 3287
Tax Annual Amount
3302
Legal Description
N 1/2 OF LOT 28 EXC S 1.11 FT GATEWOOD SUB UNIT II MB 40 PG 135 PER OR 4424 PG 2642 PER OR 7779 PG 0658 PER OR 8226 PG 0160 PER OR 8387 PGS 1470 THRU 1472 INC PER OR 8396 PG 3537 PER OR 8428 PG 0686 PER OR 8482 PG 3287
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
rear porch
hurricane impact windows
storm shutters
storm doors
updated kitchen
custom built-in bar
Murphy bed and desk
Building Details
Year built
1986
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
COLLADO REAL ESTATE
(386) 427-0002
Listed By:
Jan Can McDermott
(386) 679-7977
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 2:06AM
MLS# O6430521
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 1,146-square-foot half duplex, built in 1986, offers two bedrooms and two bathrooms within a residential income property classification. The interior includes an updated kitchen with modern appliances, a dining area with a built-in bar, ceramic tile and laminate flooring, central heating and air conditioning, and a second bedroom equipped with a Murphy bed and desk. A one-car garage supports everyday convenience.
Outdoor improvements include a fully fenced 0.11-acre yard and a rear porch extending across the length of the home. Two porch sections are enclosed with vinyl sliding windows and screens, while a third section remains open as a patio. Hurricane impact windows, storm shutters, storm doors, hurricane-rated sliding glass doors, and a reinforced garage door provide additional storm-related protection. The roof was replaced in 2022, and the property has public water and public sewer service. Zoning is 16R2D.
Outdoor improvements include a fully fenced 0.11-acre yard and a rear porch extending across the length of the home. Two porch sections are enclosed with vinyl sliding windows and screens, while a third section remains open as a patio. Hurricane impact windows, storm shutters, storm doors, hurricane-rated sliding glass doors, and a reinforced garage door provide additional storm-related protection. The roof was replaced in 2022, and the property has public water and public sewer service. Zoning is 16R2D.
Key Highlights
- 1,146‑square‑foot half duplex with 2 bedrooms and 2 bathrooms
- 0.11‑acre lot with a fully fenced backyard
- Rear porch spans the full length of the home with two enclosed sections and an open patio
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.7k | $15.48 |
| − Vacancy | −$1.9k | −$1.63 |
| EGI | $15.9k | $13.85 |
| − OpEx | −$7.1k | −$6.23 |
| NOI | $8.7k | $7.62 |
1,146 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$124.8K
$109.2K – $145.6K
NOI $8,733 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.9K
$295.7K – $394.2K
NOI $23,653 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Explore this area
Business Placement
Demographics for 32129, FL
21,594
Population
11,991
Households
1.8
Avg Household Size
50
Median Age
25%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$65,936
Median Household Income
$39,226
Median Earnings
$1,538
Median Rent
$241,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Volusia County, FL
Properties on Market for Residential income properties in Volusia County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with a fenced yard, enclosed porch areas, storm protection, and a one-car garage.
Where is this residential income property located?
The property is located at 3744 GATEWOOD Drive Port Orange, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,146‑square‑foot half duplex with 2 bedrooms and 2 bathrooms; 0.11‑acre lot with a fully fenced backyard; Rear porch spans the full length of the home with two enclosed sections and an open patio
