2-Unit Duplex with
New
For Sale
$429,000
6 PLEASANT Lane, Palm Coast, FL 32164
Residential Income, PALM COAST, FL
Property Size2,307 SF
Lot Size0.23 Acres
Price / SF$185.96
Days on Market5
Property Features for 6 PLEASANT Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DPX
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Family Room, Bedroom 1
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor
Exterior features
Private Entrance, Private Mailbox, Sidewalk
Subdivision
BELLE TERRE
Directions
Belle Terre Parkway to Parkview Drive, right on Plainview Drive, left on Pleasant Lane
Standard status
Active
APN
07-11-31-7025-00030-0260
Size
2,307 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM COAST SECTION 25 BLOCK 00003 LOT 0026 SUBDIVISION COMPLETION YEAR 1975 OR 212 PG 505 OR 885 PG 1124 OR 1419 PG 1543 OR 1440 PG 271 OR 2210/1858-RDMAN SANDRA AND STEPHANIE MADALENO
Tax Annual Amount
5689
Legal Description
PALM COAST SECTION 25 BLOCK 00003 LOT 0026 SUBDIVISION COMPLETION YEAR 1975 OR 212 PG 505 OR 885 PG 1124 OR 1419 PG 1543 OR 1440 PG 271 OR 2210/1858-RDMAN SANDRA AND STEPHANIE MADALENO
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
tile flooring
covered rear porch
Building Details
Year built
2007
Floors in Building
1
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
TRADEMARK REALTY GROUP LLC
(386) 447-6889
Listed By:
Liam Thoubboron · License #3454907
(386) 569-0327
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 2 at 6:06AM
MLS# FC321806
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.
Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains 2,307 square feet across two separate residences. Each unit has 3 bedrooms, 2 bathrooms, a full kitchen, and its own private entrance. Both include tile flooring, central heating and air conditioning, a garage, and a driveway. Kitchens are equipped with a range, refrigerator, and dishwasher; one also has a microwave. Each residence opens to a covered rear porch, with tile surfacing on one and concrete on the other.
The property sits on a 0.23-acre lot in Palm Coast. Public water and public sewer serve the site.
The property sits on a 0.23-acre lot in Palm Coast. Public water and public sewer serve the site.
Key Highlights
- Two 3‑bedroom, 2‑bath units; 6 bedrooms and 4 bathrooms combined
- 2,307 square feet on a 0.23‑acre lot
- Built in 2007
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
$26,638
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
6.21%
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%
$532,760
$532.8K
Cap Rate 7%
$380,543
$380.5K
Cap Rate 9%
$295,978
$296.0K
Market Conditions
NOI Build-Up for 2,307 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
$40.1K $17.40/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$38.1K $16.50/SF
− OpEx
−$11.4K −$4.95/SF
NOI
$26.6K $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%
$532,760
Cap Rate 7%
$380,543
Cap Rate 9%
$295,978
Alternative Uses
Best Use
Multifamily LT 5
$380.5K
$333.0K – $444.0K
NOI $26,638 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$338.1K
$295.8K – $394.4K
NOI $23,666 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$554.4K
$485.1K – $646.8K
NOI $38,807 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance, full kitchen, garage, driveway, and covered rear porch.
Where is this duplex located?
The property is located at 6 PLEASANT Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units; 6 bedrooms and 4 bathrooms combined; 2,307 square feet on a 0.23‑acre lot; Built in 2007
