Modern Duplex with
For Sale
$589,000
62 Emerson Dr, Palm Coast, FL 32164
Duplex for sale with modern interiors, quartz kitchens, vinyl plank flooring, and a fireplace in each living area.
Property Size2,622 SF
Price / SF$224.64
Days on Market97
Property Features for 62 Emerson Dr
General Information
Standard status
Active
Size
2,622 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
modern fireplace
Building Details
Year Built
2026
Tenancy
Multi
Listing Agency:
FLORIDA HOMES REALTY & MORTGAGE
Listed By:
Joe Soares · License #3098349
(386) 864-0191
Source:
Bradfordrealestatenetwork
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 6 at 12:30AM
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 FLORIDA HOMES REALTY & MORTGAGE
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Investment Insights
Based on property information with market context.
This for-sale duplex at 62 Emerson Drive in Palm Coast, FL offers two fully finished units, each with a generous living layout and an overall modern design. The kitchens include quartz countertops and shaker cabinetry, and the interior is finished with 22 ml vinyl plank flooring. Upgraded touches extend through the bathrooms, with custom casings framing each window and door.
The floorplan features solid corridors throughout the homes, supporting durability and continuity from room to room. A modern fireplace anchors the living area, adding a focal point to the main entertaining space.
Both units are described as approximately 1,311 square feet. The property is also noted as being located within a highly regarded school system. An additional duplex at 64 Emerson is also available.
The floorplan features solid corridors throughout the homes, supporting durability and continuity from room to room. A modern fireplace anchors the living area, adding a focal point to the main entertaining space.
Both units are described as approximately 1,311 square feet. The property is also noted as being located within a highly regarded school system. An additional duplex at 64 Emerson is also available.
Key Highlights
- Newer duplex built in 2026 with 1,311 SF living space in each unit
- Quartz countertops and sleek shaker cabinets in each unit’s kitchen
- 22 ml vinyl plank flooring throughout the home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,275
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,500
$605.5K
Cap Rate 7%
$432,500
$432.5K
Cap Rate 9%
$336,389
$336.4K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$45.6K $17.40/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$43.3K $16.50/SF
− OpEx
−$13.0K −$4.95/SF
NOI
$30.3K $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%
$605,500
Cap Rate 7%
$432,500
Cap Rate 9%
$336,389
Alternative Uses
Best Use
Multifamily LT 5
$432.5K
$378.4K – $504.6K
NOI $30,275 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$630.1K
$551.3K – $735.1K
NOI $44,106 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
157
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with modern interiors, quartz kitchens, vinyl plank flooring, and a fireplace in each living area.
Where is this duplex located?
The property is located at 62 Emerson Dr Palm Coast, FL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Newer duplex built in 2026 with 1,311 SF living space in each unit; Quartz countertops and sleek shaker cabinets in each unit’s kitchen; 22 ml vinyl plank flooring throughout the home
