Daytona Beach Multi-Family
404 S RIDGEWOOD AVENUE Daytona Beach, FL 32114
Multi-Family 5+ - DAYTONA BEACH, FL
Property size:
16,021 SFLot size:
0.87 AcresPrice / SF:
$102/SF- Added:
- Jun 1, 2025
- Days on Market:
- 404
- Last Refresh:
- Jul 9 at 11:06 pm
Property Features for 404 S RIDGEWOOD AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 02T2
- Bedrooms
- 31
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Guest
- Security features
- Fire Alarm, Fire Sprinkler System
- Interior features
- Ceiling Fans(s), High Ceilings, Vaulted Ceiling(s)
- Exterior features
- Corner Lot
- Fireplace
- 1
- Appliances
- Cooktop, Dishwasher, Dryer, Garbage Disposer, Washer
- Standard status
- Active
- APN
- 5339-01-17-0062
- Size
- 16,021 SF
- Lot size
- 0.87 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7755
Utilities
- Heating system
- Central, Electric (Heating), Fireplace(s)
- Cooling system
- Attic Fan, Central Air
Building Details
- Year built
- 1901
- Number of units
- 30
- Flooring type
- Tile, Wood
- Building materials
- Brick, Frame, Vinyl Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Daniel Lyonnais License #3196672 (386) 852-7932
Listing office ADAMS, CAMERON & CO., REALTORS 422 S Woodland, Daytona Beach, FL (386) 738-1920
Listing date Jun 1, 2025
MLS# V4943079
Listing URL
Copyright © 2026 Stellar MLS. 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 portfolio includes five parcels: an 8,000 square foot renovated historic Victorian home, a 7,000 square foot co-living property, a 1,021 square foot house, and three adjacent land parcels in Daytona Beach, Florida. The properties have 164 feet of frontage on US-1 and are located minutes from the beach, the Intercoastal Waterway, and major attractions. The Victorian home, listed on the U.S. National Register of Historic Places, features 10 bedrooms, 5 full bathrooms, and two basement apartments. The 1,021 square foot house has 4 bedrooms and 1 bathroom. Both properties have been renovated with bathroom and plumbing upgrades. The properties benefit from leases with Pad Split, which provides housing solutions to teachers, traveling nurses, and other frontline workers. The current lease for the Victorian home runs through July 2025. The three land parcels total 0.51 acres and are zoned T-2, allowing for a variety of uses. The total lot size is 0.87 acres and the total property size is 16,021 square feet.
Key Highlights
- Turnkey rented portfolio generating income below market price, including furniture and fixtures.
- Portfolio includes 5 parcels: an 8,000 SF historic Victorian home, a 7,000 SF co‑living property, a 1,021 SF house, and 3 contiguous buildable lots.
- Prime location with 164 feet of frontage on US‑1 in Daytona Beach, minutes from the beach and Intercoastal Waterway.
Local 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 | $248.0k | $15.48 |
| − Vacancy | −$26.0k | −$1.63 |
| EGI | $222.0k | $13.85 |
| − OpEx | −$99.9k | −$6.23 |
| NOI | $122.1k | $7.62 |
16,021 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,081 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.72M
$4.13M – $5.51M
NOI $330,673 @ 7.0% cap · market cap 20.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Portfolio includes historic home, co-living property, house, and land.
Where is this apartment building located?
The property is located at 404 S RIDGEWOOD AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Turnkey rented portfolio generating income below market price, including furniture and fixtures.; Portfolio includes 5 parcels: an **8,000 SF historic Victorian home**, a 7,000 SF co‑living property, a 1,021 SF house, and 3 contiguous buildable lots.; **Prime location with 164 feet of frontage on US‑1 in Daytona Beach**, minutes from the beach and Intercoastal Waterway.
