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Property view

5 Rainstone Lane, 
Palm Coast, FL 32164

$472,500


6

Beds


4

Baths


2,575

Sq Ft


Multi-Family

Sold

Listed by

Alina Pekarsky

Bought with WATSON REALTY CORP

Virtual Homes Realty

MLS#

FC315542

Source:

MFRMLS

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About This Home

5 Rainstone Lane

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.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 2022

Price Summary

499,900

$194 per Sq. Ft.

MLS #:

FC315542

Sold:

June 19, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

2,575 Sq. Ft.


Structure

Structure

Building Area:

2,575 Sq. Ft.

Year Built:

2022


Lot

Lot Size (Sq. Ft):

10,019


Finances & Disclosures

Finances

Price:

$499,900

Price per Sq. Ft:

$194 per Sq. Ft.

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