Two-Unit Duplex with
New
For Sale
$429,000
6 PLEASANT LANE, Palm Coast, FL 32164
Each residence has a separate entrance, full kitchen, garage, and covered rear porch.
Property Size2,307 SF
Price / SF$185.96
Days on Market6
Property Features for 6 PLEASANT LANE
General Information
Standard status
Active
Size
2,307 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2007
Buildings
1
Listing Agency:
TRADEMARK REALTY GROUP LLC
(386) 447-6889
Listed By:
Liam Thoubboron · License #3454907
(386) 445-1200
Source:
Dennisrealty
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 7:02PM
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 TRADEMARK REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Built in 2007, this 2,307-square-foot duplex contains two separate residences, each configured with three bedrooms and two bathrooms. Both have private entrances, full kitchens, open living areas, and tile flooring. Kitchens include a range, refrigerator, and dishwasher; one also has a microwave.
Each unit has its own garage, driveway, and covered rear porch. The porch finishes differ, with tile in one and concrete in the other. Grass surrounds the outdoor areas, adding shared exterior space to the property’s separate living setup.
Each unit has its own garage, driveway, and covered rear porch. The porch finishes differ, with tile in one and concrete in the other. Grass surrounds the outdoor areas, adding shared exterior space to the property’s separate living setup.
Key Highlights
- 2,307‑square‑foot duplex built in 2007
- Two 3‑bedroom, 2‑bath units
- Separate entrances and full kitchens for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,638
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
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
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 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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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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
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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 a separate entrance, full kitchen, garage, 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: 2,307‑square‑foot duplex built in 2007; Two 3‑bedroom, 2‑bath units; Separate entrances and full kitchens for both residences
