5 Rainbow Lane
PALM COAST, FL 32164
4
Bed
4
Bath
1,954Sqft
0.23Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 4Bathroom Information
Total Baths: 4Interior Features
Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters Roof: Shingle Laundry Features: InsideRoofing Information
Shingle -
Flooring Information
Construction Materials: Block, Concrete, Stucco -
Heating & Cooling
Heating: Central, Electric Cooling: Central Air WaterSource: Public
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Building Information
Year Built: 2022 -
Exterior Features
Lighting, Other, Sliding Doors Construction Materials: Block, Concrete, Stucco Foundation Details: Slab
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Lot Information
Lot Square Feet: 10019 Lot Acres: 0.23 Lot Size (SqMt): 931Property Information
Property Type: Residential Income Sub Type: Duplex
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Listing Price Information
Original List Price:$500000
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Tax Information
Tax Block: 26 Tax Book Number: 472 Tax Lot: 3 Tax Legal Description: PALM COAST SEC 30 BL 26 LT 3 OR 274 PG 472 OR 679 PG 510 Annual Tax: $5844 Tax Year: 2025 Parcel Number: 07-11-31-7030-00260-0030
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Virtual Tour
Parking Information
Driveway, Garage Door OpenerGarage Information
Has Garage: Yes Garage Space: 2
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School Information
Elementary School: Rymfire Elementary Junior High School: Indian Trails Middle-FC Senior High School: Matanzas High -
Utility Information
Cable Available, Electricity Connected, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public -
Location Information
Subdivision: PALM COAST SEC 30 City: PALM COAST Direction: Head east on E Moody Blvd, Turn left onto Old Kings Rd, Turn left onto Town Center Blvd, Turn right onto Royal Palms Pkwy, Turn right onto Belle Terre Pkwy, Turn left onto Rymfire Dr, Turn right onto Rae Dr, Turn right onto Raintree Pl, Turn right onto Rainbow Ln, Destination will be on the left
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 18 Second Path, Palm Coast, FL, 32164 | $475,000 | 6 | 4 | 2,610 | 2,610 SqFt |
| 21 Second Path, Palm Coast, FL, 32164 | $519,900 | 6 | 4 | 2,620 | 2,620 SqFt |
| 21 Second Path, Palm Coast, FL, 32164 | $519,900 | 6 | 4 | 1,290 | 1,290 SqFt |
| 54 Underwood Trail, Palm Coast, FL, 32164 | $489,900 | 4 | 4 | -- | |
| 54 Underwood Trail, Palm Coast, FL, 32164 | $489,900 | 4 | 4 | 1,954 | 1,954 SqFt |
| 13 Unique Court, Palm Coast, FL, 32164 | $489,900 | 4 | 4 | 1,954 | 1,954 SqFt |
| 8 Slatington Place #A B, Palm Coast, FL, 32164 | $469,000 | 6 | 4 | 2,477 | 2,477 SqFt |
| 38 Slumber Meadow Trail, Palm Coast, FL, 32164 | $489,900 | 4 | 4 | 1,954 | 1,954 SqFt |
| 38 Slumber Meadow Trail, Palm Coast, FL, 32164 | $489,900 | 4 | 4 | 1,954 | 1,954 SqFt |
| 6 Mulberry Road, Palm Coast, FL, 32164 | $399,000 | 3 | 3 | 2,129 | 2,129 SqFt |
Similar Multifamily To 5 Rainbow Lane
Nearby For Sale
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Based on information submitted to the MLS GRID as of 06/22/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 06/22/2026 @ 18:20
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