Two-Unit Duplex with
For Sale
$484,900
47 & 49 Sandpiper Circle, Ormond Beach, FL 32174
Both residences are rented and include private balconies, separate utility meters, and two-car garages.
Property Size2,640 SF
Price / SF$183.67
Days on Market170
Property Features for 47 & 49 Sandpiper Circle
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
2
Parking per Unit
2
Individually Metered Utilities
electric, water
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,776
Amenities
private balconies
covered patio
Building Details
Building Size
2,640 SF
Year Built
1984
Tenancy
Multi
Listing Agency:
LPT Realty, LLC
Listed By:
Priscilla Arzivian · License #3246301
(386) 795-7653
Source:
Coastalventures
Added: May 15
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 LPT Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1984 duplex comprises two residences, each with a 1,320-square-foot unfinished basement, a covered patio, a private balcony, and a two-car garage with driveway parking. The units have received updates over time. The roof dates to 2015, and HVAC systems were installed in 2018 and 2019. Each residence has its own electric and water meter. Both sides are currently rented, and the property is outside a flood zone with no HOA.
Hass Park, with walking and biking trails, is directly behind the property. Beaches, restaurants, shopping, hospitals, and schools are described as less than 10–15 minutes away. The sale includes both parcels.
Hass Park, with walking and biking trails, is directly behind the property. Beaches, restaurants, shopping, hospitals, and schools are described as less than 10–15 minutes away. The sale includes both parcels.
Key Highlights
- Two residences, each with a 1,320‑square‑foot unfinished basement
- Each unit includes a two‑car garage and driveway
- Separate electric and water meters for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,159
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,180
$463.2K
Cap Rate 7%
$330,843
$330.8K
Cap Rate 9%
$257,322
$257.3K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$36.7K $13.92/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$33.1K $12.53/SF
− OpEx
−$9.9K −$3.76/SF
NOI
$23.2K $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%
$463,180
Cap Rate 7%
$330,843
Cap Rate 9%
$257,322
Alternative Uses
Best Use
Multifamily LT 5
$330.8K
$289.5K – $386.0K
NOI $23,159 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$287.4K
$251.5K – $335.3K
NOI $20,117 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$778.4K
$681.1K – $908.2K
NOI $54,490 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are rented and include private balconies, separate utility meters, and two-car garages.
Where is this duplex located?
The property is located at 47 & 49 Sandpiper Circle Ormond Beach, FL.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Two residences, each with a 1,320‑square‑foot unfinished basement; Each unit includes a two‑car garage and driveway; Separate electric and water meters for each side
