Brand-New Duplex with Covered
For Sale
$515,000
6 EASTON Place, Palm Coast, FL 32164
MULTI_FAMILY - Palm Coast, FL
Property Size2,586 SF
Lot Size0.25 Acres
Price / SF$199.15
Days on Market81
Property Features for 6 EASTON Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
Multi Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4
Parking features
Garage
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Subdivision
Cypress Knoll
Lot features
Cul-De-Sac
Elementary school
Bunnell
Middle school
Buddy Taylor
High school
Flagler Palm Coast
Directions
From Belle Terre Pkwy, turn onto Eastwood Dr, left onto Easterly Pl, then left onto Easton Pl. Property is on the right
Standard status
Active
APN
0711317034004100020
Size
2,586 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1209
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
DENISE FERNANDES · License #3526236
(386) 804-2454
Added: May 26
Changed: Aug 3
Last Checked: Aug 14 at 3:06AM
MLS# 2151372
Copyright © 2026 realMLS. 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.
Newly constructed duplex under construction on a cul-de-sac lot, offering a modern, open-concept layout. Each unit is designed with three bedrooms and two bathrooms, with a kitchen that overlooks the main living and dining area. Durable finishes and a functional day-to-day floor plan are supported by central electric heating and central air conditioning. The property includes a covered rear porch and a garage for parking.
The duplex is situated on a 0.25-acre lot and totals 2,586 square feet. Construction materials include block, concrete, and stucco, with a shingle roof. Utility services are public water and public sewer.
Kitchen appliances included are a dishwasher, electric range, microwave, and refrigerator. Interior flooring is vinyl, and the property is currently listed as under construction, supporting a new-build timeline for an owner-occupant or income-focused buyer.
The duplex is situated on a 0.25-acre lot and totals 2,586 square feet. Construction materials include block, concrete, and stucco, with a shingle roof. Utility services are public water and public sewer.
Kitchen appliances included are a dishwasher, electric range, microwave, and refrigerator. Interior flooring is vinyl, and the property is currently listed as under construction, supporting a new-build timeline for an owner-occupant or income-focused buyer.
Key Highlights
- Under construction duplex on a cul‑de‑sac lot
- Each unit features three bedrooms and two bathrooms
- Covered rear porch plus garage parking
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
$29,860
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
5.80%
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%
$597,200
$597.2K
Cap Rate 7%
$426,571
$426.6K
Cap Rate 9%
$331,778
$331.8K
Market Conditions
NOI Build-Up for 2,586 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
$45.0K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$42.7K $16.50/SF
− OpEx
−$12.8K −$4.95/SF
NOI
$29.9K $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%
$597,200
Cap Rate 7%
$426,571
Cap Rate 9%
$331,778
Alternative Uses
Best Use
Multifamily LT 5
$426.6K
$373.3K – $497.7K
NOI $29,860 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$379.0K
$331.6K – $442.1K
NOI $26,528 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$621.4K
$543.8K – $725.0K
NOI $43,501 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
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 - New duplex under construction with covered rear porch, central air, and public water and sewer service.
Where is this duplex located?
The property is located at 6 EASTON Place Palm Coast, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Under construction duplex on a cul‑de‑sac lot; Each unit features three bedrooms and two bathrooms; Covered rear porch plus garage parking
