# 5 Rainbow Lane, Palm Coast, FL 32164

> **TL;DR:** 4bd/4ba residential multi family, $475,000 ($243/sqft), built 2022, 1,954 sqft.
> A/C. Est. $2,058/mo. Listed 88 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $475,000 |
| Price/sqft | $243 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Square Feet | 1,954 |
| Year Built | 2022 |
| Lot Size | 10,019 sqft (0.23 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 88 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,058 |
| **Total** | **$2,058** |

## Nearby Schools

- **Elementary:** Rymfire
- **Middle:** Indian Trails
- **High:** Matanzas

## Key Amenities

- A/C

## Property Highlights

- Built in 2022
- 0.23 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 5 Rainbow Lane, Palm Coast, FL 32164
- **County:** Flagler
- **Coordinates:** 29.511708, -81.223157
- **Google Maps:** https://www.google.com/maps?q=29.511708,-81.223157

## Listing Agent

- **Name:** Thomas Bayrouty
- **Brokerage:** Redfin Corporation
- **Phone:** 4079133665
- **Email:** thomas.bayrouty@redfin.com

## Primary Photo

![5 Rainbow Lane - Primary Photo](http://lh.rdcpix.com/4502fb9a80fb52a83cd50dc976c7d283l-f3789068636r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/5-rainbow-lane-palm-coast-fl-32164-1223786)*

---

**MLS#:** 1223786 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/5-rainbow-lane-palm-coast-fl-32164-1223786)

---

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