Updated Three-Bedroom
For Sale
$474,900
8 Slatington Place #A & B, Palm Coast, FL 32164
Two independent residences combine comfortable layouts, private garages, interior laundry, and covered outdoor areas in Palm Coast.
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
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
private garage
interior laundry
covered patio
updated kitchen
granite countertops
stainless steel appliances
walk-in closet
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Fame Real Estate LLC
Listed By:
Kevin Kling · License #3046851
(386) 999-4006
Source:
386realestate
Added: Sep 19
Changed: Sep 24
Last Checked: Sep 26 at 6:53AM
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 Fame Real Estate LLC
Investment Insights
Based on property information with market context.
This Palm Coast duplex contains two separately accessed residences within a 2,477-square-foot property built in 2005. Each side includes three bedrooms, two full bathrooms, a private attached one-car garage, interior laundry, pantry storage, and a covered rear patio. The residences follow a similar floor plan, with bedrooms positioned toward the front and open kitchen, dining, and living areas arranged beneath vaulted ceilings. Updated kitchens feature white cabinetry, granite countertops, tile backsplash, stainless steel appliances, and peninsula seating. Each primary bedroom includes a walk-in closet, while sliding glass doors connect the living area to the covered outdoor space.
The property is located near the Belle Terre Parkway, Cypress Point Parkway, and Palm Coast Parkway corridors, with grocery stores, shopping, restaurants, trails, parks, and natural areas throughout Palm Coast. Flagler Beaches provides access to Atlantic shoreline recreation, including fishing, boating, kayaking, golf, and waterfront dining.
The property is located near the Belle Terre Parkway, Cypress Point Parkway, and Palm Coast Parkway corridors, with grocery stores, shopping, restaurants, trails, parks, and natural areas throughout Palm Coast. Flagler Beaches provides access to Atlantic shoreline recreation, including fishing, boating, kayaking, golf, and waterfront dining.
Key Highlights
- Two‑residence duplex at 8 Slatington Place #A & B, Palm Coast, FL 32164
- 2,477‑square‑foot property built in 2005
- Each residence offers 3 bedrooms and 2 full bathrooms
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences combine comfortable layouts, private garages, interior laundry, and covered outdoor areas in Palm Coast.
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: Two‑residence duplex at 8 Slatington Place #A & B, Palm Coast, FL 32164; 2,477‑square‑foot property built in 2005; Each residence offers 3 bedrooms and 2 full bathrooms
