Duplex with Attached
For Sale
$474,900
8 Slatington Place, Palm Coast, FL 32164
Residential Income, Palm Coast, FL
Property Size2,477 SF
Lot Size0.23 Acres
Price / SF$191.72
Days on Market8
Property Features for 8 Slatington Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 1
Parking features
Garage
Appliances
Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
Subdivision
Seminole Woods
Lot features
Dead End Street
Directions
From I-95, take Exit 284 for SR-100 and head west. Turn right onto Seminole Woods Blvd, then left onto Sesame Blvd. Turn right onto Sleepy Hollow Trail, then right onto Slatington Pl. Continue to 8 Slatington Pl; the duplex will be on your left.
Standard status
Active
APN
07-11-31-7059-00730-0060
Size
2,477 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PALM COAST SEC 59 BLK 73 LOT 6 OR 237 PG 719 OR 809 PG 1315 OR 943 PG 671 OR 1136 PG 61 OR 1136 PG 62 OR 1201 PG 1392
Tax Annual Amount
5692
Legal Description
PALM COAST SEC 59 BLK 73 LOT 6 OR 237 PG 719 OR 809 PG 1315 OR 943 PG 671 OR 1136 PG 61 OR 1136 PG 62 OR 1201 PG 1392
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Michael Lockhart
(407) 484-8321
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 23 at 1:06AM
MLS# 1230918
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2005 duplex contains 2,477 square feet across two separate residences, each arranged with three bedrooms, two full bathrooms, a kitchen, living area, interior laundry, attached one-car garage, and covered rear patio. The nearly mirrored layouts provide independent entrances and private living spaces. Updated kitchens feature white cabinetry, granite countertops, tile backsplash, stainless steel appliances, pantry storage, and peninsula seating, while vaulted ceilings add volume to the main living areas. Primary bedrooms include walk-in closets, and tile flooring runs throughout the residences.
The property occupies 0.23 acres in Palm Coast and is served by public water and public sewer. Construction includes block, concrete, and stucco, with central heating, central air, shingle roofing, and cable availability. The address is 8 Slatington Place, Palm Coast, FL 32164, with grocery, shopping, dining, parks, trails, and the Flagler Beaches area located within the broader Palm Coast setting.
The property occupies 0.23 acres in Palm Coast and is served by public water and public sewer. Construction includes block, concrete, and stucco, with central heating, central air, shingle roofing, and cable availability. The address is 8 Slatington Place, Palm Coast, FL 32164, with grocery, shopping, dining, parks, trails, and the Flagler Beaches area located within the broader Palm Coast setting.
Key Highlights
- Two independent residences totaling 2,477 square feet
- Each side includes 3 bedrooms, 2 full bathrooms, and a one‑car attached garage
- Updated kitchens with granite counters, stainless steel appliances, pantry, and peninsula
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
35
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
Check the figures for this property
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 - Two independent residences combine private entrances, updated kitchens, covered patios, and in-home laundry for flexible occupancy options.
Where is this duplex located?
The property is located at 8 Slatington Place 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 independent residences totaling 2,477 square feet; Each side includes 3 bedrooms, 2 full bathrooms, and a one‑car attached garage; Updated kitchens with granite counters, stainless steel appliances, pantry, and peninsula
