Concrete-Block Quadplex Near
For Sale
$650,000
410 Butler Boulevard, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size4,218 SF
Lot Size0.20 Acres
Price / SF$154.10
Days on Market240
Property Features for 410 Butler Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 8, Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 1
Parking
5
Parking features
Driveway
Subdivision
Not In Subdivision
Elementary school
Longstreet
Middle school
Campbell
High school
Mainland
Directions
Head northeast on Mason Ave toward Center St, Continue onto Oakridge Blvd, Turn right onto N Peninsula Dr, Turn left onto Butler Blvd, Destination will be on the right
Standard status
Active
APN
5305-11-16-0030
Size
4,218 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 RESUB BLK 16 1/2 MEMENTO PER OR 4965 PG 2137 PER OR 6925 PG 0242 PER OR 7006 PG 4151 PER OR 7109 PGS 4926-4927 INC PER OR 8560 PG 2058
Tax Annual Amount
8428
Legal Description
LOT 3 RESUB BLK 16 1/2 MEMENTO PER OR 4965 PG 2137 PER OR 6925 PG 0242 PER OR 7006 PG 4151 PER OR 7109 PGS 4926-4927 INC PER OR 8560 PG 2058
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Number of units
4
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
Redfin Corporation
(407) 415-7078
Listed By:
Tammy Shaver
(386) 409-1926
Added: Jan 2
Changed: Aug 27
Last Checked: Aug 30 at 8:06AM
MLS# 1221267
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 4,218-square-foot quadplex contains four separate residential units within a concrete-block building constructed in 1971. The property has a metal roof, central heating, central air conditioning, a driveway with open parking for five cars, and access to public water and public sewer. The lot encompasses 0.2 acres, and cable service is available.
Located at 410 Butler Boulevard in Daytona Beach, the property is less than half a mile from the beach and boardwalk. Restaurants, shops, and entertainment are nearby, while major highways provide access to the surrounding area. The four-unit configuration supports separate residential occupancy, subject to applicable leasing and operating requirements.
Located at 410 Butler Boulevard in Daytona Beach, the property is less than half a mile from the beach and boardwalk. Restaurants, shops, and entertainment are nearby, while major highways provide access to the surrounding area. The four-unit configuration supports separate residential occupancy, subject to applicable leasing and operating requirements.
Key Highlights
- 4,218‑square‑foot quadplex with four separate units
- Concrete‑block construction with a metal roof
- 0.2‑acre lot at 410 Butler Boulevard, Daytona Beach, FL 32118
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
$37,003
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
5.69%
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%
$740,060
$740.1K
Cap Rate 7%
$528,614
$528.6K
Cap Rate 9%
$411,144
$411.1K
Market Conditions
NOI Build-Up for 4,218 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
$58.7K $13.92/SF
− Vacancy
−$5.9K −$1.39/SF
EGI
$52.9K $12.53/SF
− OpEx
−$15.9K −$3.76/SF
NOI
$37.0K $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%
$740,060
Cap Rate 7%
$528,614
Cap Rate 9%
$411,144
Alternative Uses
Best Use
Multifamily LT 5
$528.6K
$462.5K – $616.7K
NOI $37,003 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,060 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with metal roofing, central systems, and convenient access to Daytona Beach amenities.
Where is this quadplex located?
The property is located at 410 Butler Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,218‑square‑foot quadplex with four separate units; Concrete‑block construction with a metal roof; 0.2‑acre lot at 410 Butler Boulevard, Daytona Beach, FL 32118
