Duplex with Updated Upper
New
For Sale
$299,900
341 Fairview Avenue, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size1,870 SF
Lot Size0.10 Acres
Price / SF$160.37
Days on Market4
Property Features for 341 Fairview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Off Street
Appliances
Refrigerator, Microwave, Electric Range
Subdivision
Rowladers
Lot features
Few Trees
Elementary school
Palm Terrace
Middle school
Campbell
High school
Mainland
Directions
Ridgewood Ave just a few blocks north of International Drive, at Fairview ave turn left headed west, to the first corner of Seagrave & Fairview. Property is on the corner
Standard status
Active
APN
5338-32-00-0470
Size
1,870 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 47 ROWLADERS 2ND ADD MB 4 PG 141 MB 15 PG 200 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 5199 PG 1384 PER OR 5852 PG 0269 PER OR 6703 PG 0722 PER OR 7003 PG 0689 PER OR 8481 PG 3028
Tax Annual Amount
2866
Legal Description
38-15-33 LOT 47 ROWLADERS 2ND ADD MB 4 PG 141 MB 15 PG 200 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 5199 PG 1384 PER OR 5852 PG 0269 PER OR 6703 PG 0722 PER OR 7003 PG 0689 PER OR 8481 PG 3028
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Electric, Separate Meters, Wall/Window Unit(s), Multi Units
Water source
Public
Amenities
shed
Building Details
Year built
1958
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Cement Siding, Frame
Roof type
Shingle
Listing Agency:
One Key Realty
(305) 525-8947
Listed By:
Michael Aversano · License #3133415
(305) 405-0615
Added: Sep 24
Last Checked: Sep 27 at 2:06PM
MLS# 1231141
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 1,870-square-foot duplex in Daytona Beach includes an updated second-floor residence with three bedrooms and one bathroom. Recent work in that unit includes fresh paint, new flooring and blinds, along with new kitchen appliances. A shed at the rear provides separate storage access, and the first-floor unit is expected to become available soon.
Built in 1958, the property sits on a 0.1-acre lot at 341 Fairview Avenue. Public water and sewer serve the property, and off-street parking is listed.
Built in 1958, the property sits on a 0.1-acre lot at 341 Fairview Avenue. Public water and sewer serve the property, and off-street parking is listed.
Key Highlights
- 1,870‑square‑foot duplex on a 0.1‑acre lot
- Updated second‑floor unit with 3 bedrooms and 1 bathroom
- Fresh paint, flooring, blinds, and new kitchen appliances in the upper unit
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
$16,405
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
5.47%
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%
$328,100
$328.1K
Cap Rate 7%
$234,357
$234.4K
Cap Rate 9%
$182,278
$182.3K
Market Conditions
NOI Build-Up for 1,870 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
$26.0K $13.92/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$23.4K $12.53/SF
− OpEx
−$7.0K −$3.76/SF
NOI
$16.4K $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%
$328,100
Cap Rate 7%
$234,357
Cap Rate 9%
$182,278
Alternative Uses
Best Use
Multifamily LT 5
$234.4K
$205.1K – $273.4K
NOI $16,405 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$203.6K
$178.1K – $237.5K
NOI $14,249 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$551.4K
$482.5K – $643.3K
NOI $38,597 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The upper residence has refreshed finishes and new kitchen appliances, with a separate storage shed behind the property.
Where is this duplex located?
The property is located at 341 Fairview Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,870‑square‑foot duplex on a 0.1‑acre lot; Updated second‑floor unit with 3 bedrooms and 1 bathroom; Fresh paint, flooring, blinds, and new kitchen appliances in the upper unit
