Ormond Beach Duplex with
For Sale
$484,900
47 & 49 Sandpiper Circle Unit 47 & 49, Ormond Beach, FL 32174
Turn-key duplex in Ormond Beach with rare basements.
Property Size2,640 SF
Price / SF$183.67
Days on Market192
Property Features for 47 & 49 Sandpiper Circle Unit 47 & 49
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi-family
Building Details
Year Built
1984
Listing Agency:
LPT REALTY LLC (PALM COAST)
Listed By:
Priscilla Arzivian · License #3246301
(386) 795-7653
Source:
Realtygroupfl
Added: Apr 23
Changed: Oct 28
Last Checked: Oct 30 at 6:06PM
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 (PALM COAST)
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.
Located in Ormond Beach, Florida, the property at 47 & 49 Sandpiper Circle presents a duplex in a quiet cul-de-sac within The Woodlands. Each unit, approximately 1320 heated square feet, includes 2 bedrooms, 2 full bathrooms, a 2-car garage, and a private balcony. A notable feature is the inclusion of a basement in each unit, offering options for additional storage or conversion into living space. The total square footage of the duplex is 5280, excluding the garages and balconies. Each side has its own electric and water meter. The sale includes both parcels #4220-09-00-0350 and #4220-09-00-0351. The property has an excellent rental history and is located less than 10-15 minutes from beaches, dining, shopping, hospitals, and schools.
Key Highlights
- Rare duplex in Ormond Beach with excellent rental history, offering a turn‑key investment opportunity.
- Each unit features 2 bedrooms, 2 full bathrooms, and a 2‑car garage with a private balcony.
- Unique full basement in each unit (rare for Florida), offering potential for additional storage or living space.
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
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 - Turn-key duplex in Ormond Beach with rare basements.
Where is this duplex located?
The property is located at 47 & 49 Sandpiper Circle Unit 47 & 49 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: Rare duplex in Ormond Beach with excellent rental history, offering a turn‑key investment opportunity.; Each unit features **2 bedrooms, 2 full bathrooms, and a 2‑car garage with a private balcony.**; Unique full basement in each unit (rare for Florida), offering potential for additional storage or living space.
