Updated Two-Unit
For Sale
$474,900
8 Slatington Place #A & B, Palm Coast, FL 32164
Two independent residences offer attached garages, private patios, interior laundry, and refreshed kitchens with open living areas.
Property Size2,477 SF
Price / SF$191.72
Days on Market8
Property Features for 8 Slatington Place #A & B
General Information
Standard status
Active
Size
2,477 SF
Property subtype
Multi-Family
Building Details
Year Built
2005
Listing Agency:
Oceans Luxury Realty Full Service LLC
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Sep 19
Changed: Sep 24
Last Checked: Sep 26 at 7:21AM
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 Oceans Luxury Realty Full Service LLC
Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains 2,477 square feet across two self-contained residences. Each side includes three bedrooms, two full bathrooms, a kitchen, living and dining areas, an interior laundry room, pantry, walk-in closet, attached one-car garage, and covered rear patio. The layouts are nearly mirrored, with vaulted ceilings and open kitchen-to-living areas. Recent updates include white cabinetry, granite countertops, a coordinating backsplash, and stainless steel appliances in each kitchen.
Located in Palm Coast, the property provides access to shopping, grocery stores, restaurants, parks, and trail networks along the Belle Terre Parkway, Cypress Point Parkway, and Palm Coast Parkway corridors. The Flagler Beaches area is also within the broader surrounding region, with Atlantic shoreline access and outdoor recreation including fishing, boating, kayaking, and golf.
Located in Palm Coast, the property provides access to shopping, grocery stores, restaurants, parks, and trail networks along the Belle Terre Parkway, Cypress Point Parkway, and Palm Coast Parkway corridors. The Flagler Beaches area is also within the broader surrounding region, with Atlantic shoreline access and outdoor recreation including fishing, boating, kayaking, and golf.
Key Highlights
- 2,477‑square‑foot duplex built in 2005
- Two independent residences, each with 3 bedrooms and 2 full bathrooms
- Each side includes an attached one‑car garage, interior laundry, pantry, and covered rear patio
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
$28,601
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
6.02%
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%
$572,020
$572.0K
Cap Rate 7%
$408,586
$408.6K
Cap Rate 9%
$317,789
$317.8K
Market Conditions
NOI Build-Up for 2,477 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
$43.1K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.9K $16.50/SF
− OpEx
−$12.3K −$4.95/SF
NOI
$28.6K $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%
$572,020
Cap Rate 7%
$408,586
Cap Rate 9%
$317,789
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.5K – $476.7K
NOI $28,601 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$363.0K
$317.6K – $423.5K
NOI $25,410 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$595.2K
$520.8K – $694.5K
NOI $41,667 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences offer attached garages, private patios, interior laundry, and refreshed kitchens with open living areas.
Where is this duplex located?
The property is located at 8 Slatington Place #A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 2,477‑square‑foot duplex built in 2005; Two independent residences, each with 3 bedrooms and 2 full bathrooms; Each side includes an attached one‑car garage, interior laundry, pantry, and covered rear patio
