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5 Rainbow Lane
Palm Coast FL 32164 US

$500,000

Active Listing ID 1223786
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4 bed
bath icon
4.00 Bath (4 Full)
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Lot: 0.23 Acres
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Other

$500,000

Active Listing ID 1223786
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5 Rainbow Lane Investor Opportunity in Palm Coast! Well-maintained duplex located at 5 Rainbow Ln in Palm Coast, offering an excellent opportunity for investors seeking immediate rental income. Both units are currently leased through the end of October, providing built-in cash flow from day one. Each unit offers comfortable living space with functional layouts, private entrances, and dedicated parking. The property is situated in a quiet residential area of Palm Coast, conveniently located near shopping, dining, parks, and major roadways, with easy access to the beach and surrounding communities. Whether you're looking to expand your rental portfolio or secure a steady income-producing property, this duplex presents a solid investment in one of Palm Coast's growing neighborhoods.

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Property Features

  • Facts
  • Lot Size: 0.23 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Central Air
  • Floor Covering: Laminate
  • Roof Type: Shingle
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • Rymfire(Elementary)
  • Indian Trails(MiddleSchool)
  • Matanzas(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 500000
  • unparsedaddress: 5 Rainbow Lane
  • postalcity: Palm Coast
  • stateorprovince: FL
  • country: US
  • postalcode: 32164
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.23
  • lotsizeunits: Acres
  • lotsizearea: 0.23
  • livingarea: 1954
  • livingareaunits: Square Feet
  • latitude: 29.511708
  • longitude: -81.223157
  • listagentfullname: Thomas Bayrouty
  • listagentemail: thomas.bayrouty@redfin.com
  • listagentkey: 3yd-DBAARFL-15763
  • listagentmlsid: 15763
  • listagentpreferredphone: 4079133665
  • listagentofficephone: 4079133665
  • listofficekey: 3yd-DBAARFL-o101091
  • listofficemlsid: o101091
  • disclaimer: 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.
  • sourcesystemid: DBAARFL
  • yearbuilt: 2022
  • listingcontractdate: 2026-03-05
  • countyorparish: Flagler
  • parcelnumber: 07-11-31-7030-00260-0030
  • elementaryschool: Rymfire
  • highschool: Matanzas
  • cooling: Central Air
  • constructionmaterials: Block, Concrete, Stucco
  • flooring: Laminate
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Open
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 1
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.22316, 29.511707
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Redfin Corporation", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"thomas.bayrouty@redfin.com", "ListBrokerageCity":"Orlando", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Redfin Corporation", "ListBrokeragePhone":"(407) 708-9747", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3505 Lake Lynda Dr", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"491 Montgomery Pl. Ste 1001", "ListOfficeAddress2":"", "ListOfficeBrokerMlsId":"o101091", "ListOfficeCity":"Altamonte Springs", "ListOfficeCountry":"USA", "ListOfficeEmail":"peter.phinney@redfin.com", "ListOfficePostalCode":"32714", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Palm Coast, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5-Rainbow-Ln_Palm-Coast_FL_32164_M61682-06258?f=listhub&s=DBAARFL&m=1223786&c=rexren", "MLSModificationTimestamp":"2026-03-05 20:40:12", "Neighborhoods":[{"Description":null, "Name":"Not In Subdivision"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5844, "TaxDescription":"PALM COAST SEC 30 BL 26 LT 3 OR 274 PG 472 OR 679 PG 510", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/5/2026 8:41:06 PM GMT
Source Updated Date: 3/11/2026 7:05:06 PM GMT

Courtesy of: Thomas Bayrouty, Redfin Corporation, thomas.bayrouty@redfin.com

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.