4-Unit Quadplex with Detached
For Sale
$399,000
415 VERMONT Avenue, Daytona Beach, FL 32118
Residential Income, DAYTONA BEACH, FL
Property Size2,540 SF
Lot Size0.17 Acres
Price / SF$157.09
Days on Market66
Property Features for 415 VERMONT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RES < 10
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 8, Family Room, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 6
Interior features
Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
Exterior features
Fence, Private Entrance, Private Mailbox, Private Yard, Sidewalk
Fencing
Fenced
Fireplace
1
Subdivision
MARSHALL PARK DAYTONA BEACH
Directions
From I-95: Take exit 261 (LPGA Blvd) or exit 256 (International Speedway Blvd) east toward Daytona Beach. Head east on International Speedway Blvd (US-92) toward the beach. Turn north on Nova Road or Ridgewood Ave, then navigate to Vermont Ave and head east to 415.
Standard status
Active
APN
09-15-33-13-01-0090
Size
2,540 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 1/2 OF LOT 8 & LOT 9 BLK 1 MARSHALL PARK DAYTONA BEACH PER OR 3563 PG 0013 PER OR 7142 PG 1294
Tax Annual Amount
6683
Legal Description
E 1/2 OF LOT 8 & LOT 9 BLK 1 MARSHALL PARK DAYTONA BEACH PER OR 3563 PG 0013 PER OR 7142 PG 1294
Utilities
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating), Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1908
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
SLOANE REALTY, LLC
(407) 829-2418
Listed By:
Matt White · License #3106449
(407) 758-3166
Added: Jun 24
Changed: Aug 27
Last Checked: Aug 28 at 9:06PM
MLS# O6419103
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 4-unit residential property contains 2,540 square feet on a 0.17-acre lot and includes a detached 1-car garage. The building dates to 1908 and features frame construction with wood siding, shingle roofing, fenced areas, private entrances, and individual mailboxes. Interior features include eat-in kitchens, open floorplans, kitchen and family room combinations, walk-in closets, bedrooms, bathrooms, and a fireplace. Heating and cooling are provided through a combination of central, ductless, electric, and wall or window units.
Located at 415 Vermont Avenue in Daytona Beach, the property is 2 blocks from the ocean and served by public water and public sewer. Four separate electric meters allow each tenant to pay individual power expenses. Two units are currently vacant, while the two rear or garage units are leased month-to-month. The property is zoned RES < 10.
Located at 415 Vermont Avenue in Daytona Beach, the property is 2 blocks from the ocean and served by public water and public sewer. Four separate electric meters allow each tenant to pay individual power expenses. Two units are currently vacant, while the two rear or garage units are leased month-to-month. The property is zoned RES < 10.
Key Highlights
- 4‑unit property totaling 2,540 Square Feet on 0.17 acres
- Detached 1‑car garage with separate access
- Two units currently vacant; two rear or garage units leased month‑to‑month
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
$22,282
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
5.58%
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%
$445,640
$445.6K
Cap Rate 7%
$318,314
$318.3K
Cap Rate 9%
$247,578
$247.6K
Market Conditions
NOI Build-Up for 2,540 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
$35.4K $13.92/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$31.8K $12.53/SF
− OpEx
−$9.5K −$3.76/SF
NOI
$22.3K $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%
$445,640
Cap Rate 7%
$318,314
Cap Rate 9%
$247,578
Alternative Uses
Best Use
Multifamily LT 5
$318.3K
$278.5K – $371.4K
NOI $22,282 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$276.5K
$241.9K – $322.6K
NOI $19,355 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$748.9K
$655.3K – $873.8K
NOI $52,426 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with separate electric meters, public utilities, and a detached garage near the ocean.
Where is this quadplex located?
The property is located at 415 VERMONT Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4‑unit property totaling 2,540 Square Feet on 0.17 acres; Detached 1‑car garage with separate access; Two units currently vacant; two rear or garage units leased month‑to‑month
