Historic Hotel and Residential
209 S Ridgewood Avenue Daytona Beach, FL 32114
For Sale
$1,250,000
MULTI_FAMILY - Daytona Beach, FL
Property Size10,600 SF
Lot Size0.50 Acres
Price / SF$117.92
Days on Market47
Property Features for 209 S Ridgewood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 8, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bedroom 2
- Parking features
- Off Street
- Standard status
- Active
- APN
- 533901100053
- Size
- 10,600 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 39-15-33 N 1/2 OF W 196 FT OF LOT 5 BLK 10 & SW 1/4 OF LOT 5 BLK 10 HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 44 30 PG 3653 PER OR 6356 PGS 2539-2541 PER 6881 PGS 2963-2964
- Tax Annual Amount
- 17862
Utilities
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1915
- Number of units
- 26
Listing Agency:
Vincenza Realty
(386) 238-6269
Listed By:
Vincenza Costa · License #687010
(386) 334-0741
Added: Jun 8
Changed: Jun 9
Last Checked: Jul 24 at 10:06AM
MLS# 1227324
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.
Investment Insights
Based on property information with market context.
This property is a historic hotel and mixed residential offering with 20 rooms currently rented and minimal vacancy, along with 26 residential units total. Three suites can be separated into two rooms. On-site housing includes a manager’s suite that is described as a 2BR, 2BA apartment. The property includes 14 parking spaces and is described as partially renovated and inspected by the city, with additional TLC noted as potentially beneficial for increased income.
The property consists of two parcels and has 110 feet of frontage on US1/Ridgewood Ave. It is presented as being in the heart of Daytona Beach, with amenities including groceries, restaurants, shopping, downtown Daytona Beach, Daytona Beach Library, and marinas described as within walking distance.
The listing notes the property is fully leased and that guest stays are primarily weekly and monthly rentals rather than day-to-day operations. The property is for sale with the instruction that tenants should not be disturbed.
The property consists of two parcels and has 110 feet of frontage on US1/Ridgewood Ave. It is presented as being in the heart of Daytona Beach, with amenities including groceries, restaurants, shopping, downtown Daytona Beach, Daytona Beach Library, and marinas described as within walking distance.
The listing notes the property is fully leased and that guest stays are primarily weekly and monthly rentals rather than day-to-day operations. The property is for sale with the instruction that tenants should not be disturbed.
Key Highlights
- Fully leased historic hotel with 20 rooms rented and minimal vacancy
- 26 residential units total, with 3 suites that can be separated into two rooms
- Manager’s suite includes 2BR and 2BA apartment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.1k | $15.48 |
| − Vacancy | −$17.2k | −$1.63 |
| EGI | $146.9k | $13.85 |
| − OpEx | −$66.1k | −$6.23 |
| NOI | $80.8k | $7.62 |
10,600 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,772 @ 7.0% cap · market cap 6.46%
Second Best
Hotel Hospitality
$543.8K
$475.8K – $634.4K
NOI $38,065 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$3.13M
$2.73M – $3.65M
NOI $218,784 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
FAQs
What type of property is this?
Hotel - Historic hotel offering 20 rented rooms and 26 residential units, with 14 parking spaces and 110 feet of frontage on US1/Ridgewood Ave.
Where is this hotel located?
The property is located at 209 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully leased historic hotel with 20 rooms rented and minimal vacancy; 26 residential units total, with 3 suites that can be separated into two rooms; Manager’s suite includes 2BR and 2BA apartment
