Duplex With Separate Living
For Sale
$165,000
Pending
215 S Oleander Avenue, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size1,442 SF
Lot Size0.09 Acres
Days on Market92
Property Features for 215 S Oleander Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
2
Parking features
Driveway
Subdivision
Not In Subdivision
Lot features
Few Trees
Elementary school
R J Longstreet
Middle school
Campbell
High school
Mainland
Directions
Take I-4 East toward Daytona Beach Merge onto FL-400 E / Beville Rd via Exit 129 Continue east on Beville Rd toward the beachside Turn left onto S Peninsula Dr Turn right onto Silver Beach Ave Turn left onto S Oleander Ave Property will be on your right
Standard status
Pending
APN
5309-07-21-0120
Size
1,442 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 12 BLK 21 FUQUAYS DAYTONA BEACH MB 4 PG 197 PER OR 5246 PG 3901 PER OR 5533 PG 3042 PER OR 6987 PG 2539 PER OR 7139 PGS 4263-4264
Tax Annual Amount
2594
Legal Description
LOT 12 BLK 21 FUQUAYS DAYTONA BEACH MB 4 PG 197 PER OR 5246 PG 3901 PER OR 5533 PG 3042 PER OR 6987 PG 2539 PER OR 7139 PGS 4263-4264
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1908
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Frame, Stucco
Listing Agency:
Realty One Group Evolve
(386) 368-7222
Listed By:
Claudio Moreira · License #3027930
(386) 343-0145
Added: May 25
Changed: Aug 22
Last Checked: Aug 24 at 7:06PM
MLS# 1226820
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 1,442-square-foot duplex sits on a 0.09-acre parcel and contains two separate residential areas. One includes 1 bedroom and 1 bathroom, while the other provides 2 bedrooms and 2 bathrooms. The 1908 property has frame and stucco construction, tile flooring, and driveway parking. Roof, plumbing, and electrical systems were updated in 2015, while public water and public sewer serve the property.
The home is in Daytona Beach’s 32118 ZIP code, near the beach, Daytona Boardwalk, Ocean Center, dining, and shopping. Its two-part layout provides distinct spaces within one property, subject to applicable city approval for any proposed configuration or use.
The home is in Daytona Beach’s 32118 ZIP code, near the beach, Daytona Boardwalk, Ocean Center, dining, and shopping. Its two-part layout provides distinct spaces within one property, subject to applicable city approval for any proposed configuration or use.
Key Highlights
- 1,442 square feet on a 0.09‑acre parcel
- Two separate areas: 1 bedroom/1 bathroom and 2 bedrooms/2 bathrooms
- Roof, plumbing, and electrical systems updated in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,000
$253.0K
Cap Rate 7%
$180,714
$180.7K
Cap Rate 9%
$140,556
$140.6K
Market Conditions
NOI Build-Up for 1,442 SF
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.
Gross rent
$20.1K $13.92/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$18.1K $12.53/SF
− OpEx
−$5.4K −$3.76/SF
NOI
$12.6K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,000
Cap Rate 7%
$180,714
Cap Rate 9%
$140,556
Alternative Uses
Best Use
Multifamily LT 5
$180.7K
$158.1K – $210.8K
NOI $12,650 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$157.0K
$137.4K – $183.1K
NOI $10,988 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$425.2K
$372.0K – $496.1K
NOI $29,763 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Frame-and-stucco property with tile flooring, driveway parking, and two distinct residential configurations.
Where is this duplex located?
The property is located at 215 S Oleander Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,442 square feet on a 0.09‑acre parcel; Two separate areas: 1 bedroom/1 bathroom and 2 bedrooms/2 bathrooms; Roof, plumbing, and electrical systems updated in 2015
