Newer Two-Unit
4 FARNUM Lane, Palm Coast, FL 32137
For Sale
$580,000
Residential Income, PALM COAST, FL
Property Size3,094 SF
Lot Size0.23 Acres
Price / SF$187.46
Days on Market51
Property Features for 4 FARNUM Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Exterior features
Fencing
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Listing Agency:
GRAND LIVING REALTY
(386) 447-0800
Listed By:
Shari Leigh Murriello · License #3040005
(561) 762-1828
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 7 at 6:06PM
MLS# FC321573
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.
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Investment Insights
Based on property information with market context.
Completed in 2023, this duplex contains two residential units within a 3,094-square-foot building. Each side provides four bedrooms, two bathrooms, and a two-car garage, creating a combined layout of eight bedrooms, four bathrooms, and four garage spaces. The property has block and stucco construction, tile flooring, central heating, and central air conditioning.
Set on a 0.23-acre lot in Palm Coast, the property is zoned DPX and includes fencing. Public water and public sewer serve the site, with electricity available. The address is 4 Farnum Lane, Palm Coast, FL 32137.
Set on a 0.23-acre lot in Palm Coast, the property is zoned DPX and includes fencing. Public water and public sewer serve the site, with electricity available. The address is 4 Farnum Lane, Palm Coast, FL 32137.
Key Highlights
- Two‑unit duplex completed in 2023
- 3,094‑square‑foot building on a 0.23‑acre lot
- Each unit includes 4 bedrooms, 2 bathrooms, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,725
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,500
$714.5K
Cap Rate 7%
$510,357
$510.4K
Cap Rate 9%
$396,944
$396.9K
Market Conditions
NOI Build-Up for 3,094 SF
Gross rent
$53.8K $17.40/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$51.0K $16.50/SF
− OpEx
−$15.3K −$4.95/SF
NOI
$35.7K $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%
$714,500
Cap Rate 7%
$510,357
Cap Rate 9%
$396,944
Alternative Uses
Best Use
Multifamily LT 5
$510.4K
$446.6K – $595.4K
NOI $35,725 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$453.4K
$396.7K – $529.0K
NOI $31,739 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$743.5K
$650.6K – $867.4K
NOI $52,046 @ 7.0% cap · market cap 8.97%
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
95
Businesses Nearby
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Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Palm Coast, FL
Properties on Market for Duplexes in Palm Coast
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer four bedrooms, two bathrooms, and a two-car garage per side.
Where is this duplex located?
The property is located at 4 FARNUM Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2023; 3,094‑square‑foot building on a 0.23‑acre lot; Each unit includes 4 bedrooms, 2 bathrooms, and a 2‑car garage
