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5 RAINSTONE LANE

Multi-family Recently Sold
$472,500

BTC: 7.63945028

ETH: 296.29583179

Sold on: 2026-06-19
118 days
6 bds
2,575 sqft

Overview

Excellent investment opportunity! This 2022-built concrete block duplex features two identical units, each offering 3 bedrooms, 2 bathrooms, and a 1-car garage. Ideal 1031 Exchange Replacement Property! Both sides are currently rented, producing a combined annual income of $38,900, with long-term tenants in place who maintain their units impeccably and wish to continue leasing. Unit Side A has agreed to a rent increase upon lease expiration, offering immediate upside potential. Designed for easy ownership, both units feature granite countertops, no carpeting, and durable finishes throughout, keeping maintenance costs low. Built with solid concrete block construction, this property is ideal for investors seeking a turnkey, low-maintenance asset with reliable cash flow. Serious inquiries only. Please do not disturb tenants. Showings by appointment only with proof of funds or financing in place.

Location

Florida • PALM COAST • 32164 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
2022
Lot:
0.23 Acres
Heating:
Central / Electric / Heat Pump
Price/sqft:
$194
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$525,000
$509K – $577K
Confidence Medium
List vs. estimate
$25K below estimate
List $499,900 · -4.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$194
-2.5% vs. city median $199
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,388
2025
Garage
2 car garage
All facts and features

  • Heating

    • Central

    • Electric

    • Heat Pump

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Microwave

    • Refrigerator

    Other interior features

    • Open Floorplan

    • Solid Surface Counters

    • Thermostat

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Property

    • Exterior Features: Private Mailbox

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 0711317030002500030

    • Zoning: DPX

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $6,388

  • Source details

    • MLS ID: FC315542

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Patio And Porch Features: Covered

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2575

    • Water Source: Public

    • Subdivision Name: PALM COAST SEC 30

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32164
427
median $352K
Active
Same city
PALM COAST
939
median $375K
Active
Same type
Multi-family
21
median $489K
Active
Similar price
$349K – $649K
448
median $424K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: VIRTUAL HOMES REALTY