Duplex with Canal
For Sale
$585,000
A-b-51 Providence Ln, Palm Coast, FL 32164
Both residences are occupied, and each has a private garage.
Property Size3,150 SF
Price / SF$185.71
Days on Market11
Property Features for A-b-51 Providence Ln
General Information
Standard status
Active
Size
3,150 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,165
Amenities
canal views
Building Details
Buildings
1
Listing Agency:
APEX REALTY LLC
Listed By:
Elena Tchoumakova · License #3228404
(386) 986-5053
Source:
Exprealty
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 10 at 12:06AM
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 APEX REALTY LLC
Investment Insights
Based on property information with market context.
This duplex contains two occupied residences, each arranged with three bedrooms, two bathrooms, and open living and dining areas. A private two-car garage serves each unit. Interior details include quartz countertops in the kitchens and bathrooms, hardwood flooring, and soft-close cabinetry with dovetail drawer construction and pull-out lower drawers.
The property is on a canal lot with views from the backyard. The two residences share the same layout and finish package.
The property is on a canal lot with views from the backyard. The two residences share the same layout and finish package.
Key Highlights
- Two occupied units, each with a 3‑bedroom, 2‑bathroom layout
- Private 2‑car garage for each unit
- Canal views from the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,372
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,440
$727.4K
Cap Rate 7%
$519,600
$519.6K
Cap Rate 9%
$404,133
$404.1K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$54.8K $17.40/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$52.0K $16.50/SF
− OpEx
−$15.6K −$4.95/SF
NOI
$36.4K $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%
$727,440
Cap Rate 7%
$519,600
Cap Rate 9%
$404,133
Alternative Uses
Best Use
Multifamily LT 5
$519.6K
$454.7K – $606.2K
NOI $36,372 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$461.6K
$403.9K – $538.6K
NOI $32,314 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$757.0K
$662.4K – $883.1K
NOI $52,988 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
104
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 - Both residences are occupied, and each has a private garage.
Where is this duplex located?
The property is located at A-b-51 Providence Ln Palm Coast, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two occupied units, each with a 3‑bedroom, 2‑bathroom layout; Private 2‑car garage for each unit; Canal views from the backyard
