Duplex with Canal
For Sale
$575,000
74 EMERSON DR #A & B, Palm Coast, FL 32164
Each residence has three bedrooms, two bathrooms, and its own one-car garage.
Property Size2,430 SF
Price / SF$236.63
Days on Market150
Property Features for 74 EMERSON DR #A & B
General Information
Standard status
Active
Size
2,430 SF
Total Parking Spaces
10
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,058
Amenities
front porch
covered patio
freshwater canal views
private backyard
Building Details
Building Size
2,430 SF
Year Built
2023
Buildings
1
Construction
block
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Jun 1
Changed: Oct 26
Last Checked: Oct 26 at 2:52PM
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 Coastal Ventures Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this block-construction duplex contains two residences, each with three bedrooms and two bathrooms. Interior features include ceramic tile flooring, an open great room, a modern kitchen with granite counters and stainless steel appliances, and bathrooms with tiled shower walls. Sliding doors open to covered patios, and the property includes a two-car garage plus driveway parking for eight vehicles.
The property is in Palm Coast, Florida, with views of a freshwater canal. Each residence also has a private backyard and access to attic storage.
The property is in Palm Coast, Florida, with views of a freshwater canal. Each residence also has a private backyard and access to attic storage.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Built in 2023 with block construction
- Freshwater canal views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,058
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,160
$561.2K
Cap Rate 7%
$400,829
$400.8K
Cap Rate 9%
$311,756
$311.8K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$42.3K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.1K $16.50/SF
− OpEx
−$12.0K −$4.95/SF
NOI
$28.1K $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%
$561,160
Cap Rate 7%
$400,829
Cap Rate 9%
$311,756
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,058 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$356.1K
$311.6K – $415.5K
NOI $24,928 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$583.9K
$511.0K – $681.3K
NOI $40,876 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
154
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, and its own one-car garage.
Where is this duplex located?
The property is located at 74 EMERSON DR #A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Built in 2023 with block construction; Freshwater canal views
