Duplex with Attached
New
For Sale
$585,000
Pending
53 LOUISIANA DRIVE, Palm Coast, FL 32137
MULTI_FAMILY - PALM COAST, FL
Property Size2,532 SF
Days on Market5
Property Features for 53 LOUISIANA DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bedrooms
6
Rooms
Bedroom 6, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2
Elementary school
BELLE TERRE ELEMENTARY
Middle school
INDIAN TRAILS MIDDLE-FC
High school
MATANZAS HIGH
Standard status
Pending
Size
2,532 SF
Amenities
fireplace
vaulted ceilings
lanai
backyard shed
Building Details
Year built
2024
Listing Agency:
Premier Properties · Coldwell Banker Real Estate
(386) 445-5880
Listed By:
Ana Medeiros · License #0707004
(386) 931-6579
Added: Aug 13
Last Checked: Aug 17 at 2:06AM
MLS# FC319354
Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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.
Built in 2024, this duplex contains two residences with a combined 2,532 square feet of living area. Each unit provides 1,265 square feet, three bedrooms, two full bathrooms, and an attached two-car garage. Both interiors feature open main living areas, vaulted ceilings, luxury ceramic tile plank flooring, recessed lighting, and ceiling fans with integrated lighting.
The kitchens include quartz countertops, shaker cabinetry, stainless steel appliances, pantry storage, and sliding-door access to a lanai. Primary suites offer walk-in closets and ensuite bathrooms with glass shower enclosures and upgraded tilework. One residence also includes a kitchen island and fireplace. Exterior features include a storage shed, rain gutters, St. Augustine grass, a well-fed sprinkler system, and upgraded landscaping.
The property is in Matanzas Woods near shopping, dining, AdventHealth Hospital, and schools, with access to I-95 and US-1. Saint Augustine and Daytona Beach are each approximately 30 minutes away.
The kitchens include quartz countertops, shaker cabinetry, stainless steel appliances, pantry storage, and sliding-door access to a lanai. Primary suites offer walk-in closets and ensuite bathrooms with glass shower enclosures and upgraded tilework. One residence also includes a kitchen island and fireplace. Exterior features include a storage shed, rain gutters, St. Augustine grass, a well-fed sprinkler system, and upgraded landscaping.
The property is in Matanzas Woods near shopping, dining, AdventHealth Hospital, and schools, with access to I-95 and US-1. Saint Augustine and Daytona Beach are each approximately 30 minutes away.
Key Highlights
- Two‑unit duplex totaling 2,532 square feet, built in 2024
- Each unit offers 1,265 square feet, three bedrooms, and two full bathrooms
- Attached two‑car garage provided for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,236
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,720
$584.7K
Cap Rate 7%
$417,657
$417.7K
Cap Rate 9%
$324,844
$324.8K
Market Conditions
NOI Build-Up for 2,532 SF
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.
Gross rent
$44.1K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$41.8K $16.50/SF
− OpEx
−$12.5K −$4.95/SF
NOI
$29.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,720
Cap Rate 7%
$417,657
Cap Rate 9%
$324,844
Alternative Uses
Best Use
Multifamily LT 5
$417.7K
$365.5K – $487.3K
NOI $29,236 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$371.1K
$324.7K – $432.9K
NOI $25,974 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$608.5K
$532.4K – $709.9K
NOI $42,592 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two well-maintained residences offer open layouts, upgraded finishes, private lanais, and contemporary kitchen and bath appointments.
Where is this duplex located?
The property is located at 53 LOUISIANA DRIVE Palm Coast, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,532 square feet, built in 2024; Each unit offers 1,265 square feet, three bedrooms, and two full bathrooms; Attached two‑car garage provided for each residence
