Duplex with Garage
New
For Sale
$520,000
416 N Peninsula Drive, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size2,325 SF
Lot Size0.17 Acres
Price / SF$223.66
Days on Market2
Property Features for 416 N Peninsula Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3
Fireplace
1
Appliances
Washer, Refrigerator, Microwave, Electric Range, Electric Oven, Dryer, Dishwasher
Subdivision
East Daytona
Directions
From I-95: Take Exit 261 for US-92/International Speedway Blvd and head east toward Daytona Beach. Continue east on International Speedway Blvd. Turn left (north) onto Peninsula Drive and continue to 416 N Peninsula Drive, which will be on your right.
Standard status
Active
APN
5305-01-26-0110
Size
2,325 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 50 FT OF LOT 11 BLK 26 EAST DAYTONA MB 2 PG 106 PER OR 4768 PG 0415 PER OR 6140 PG 1066 PER OR 6233 PG 2847 PER OR 6333 PG 3540 PER OR 6333 PG 3541 PER OR 6764 PG 3464 PER OR 6819 PG 3314 PER OR 8332 PG 0403 PER OR 8633 PG 1905
Tax Annual Amount
8327
Legal Description
N 50 FT OF LOT 11 BLK 26 EAST DAYTONA MB 2 PG 106 PER OR 4768 PG 0415 PER OR 6140 PG 1066 PER OR 6233 PG 2847 PER OR 6333 PG 3540 PER OR 6333 PG 3541 PER OR 6764 PG 3464 PER OR 6819 PG 3314 PER OR 8332 PG 0403 PER OR 8633 PG 1905
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Multi Units, Central Air
Water source
Public
Amenities
laundry
detached garage
storage shed
Building Details
Year built
1918
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Block, Frame
Roof type
Shingle
Additional Structures
Guest House
Listing Agency:
Local Living Realty Group
(386) 314-5458
Listed By:
Brittany Paige Maher · License #3396807
(860) 234-1834
Added: Oct 1
Last Checked: Oct 2 at 1:06AM
MLS# 1231390
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.
Built in 1918, this 2,325-square-foot duplex pairs a 3-bedroom, 2-bathroom main home with a separate 2-bedroom, 2-bathroom apartment above a detached two-car garage. Both residences are rented on 30-day minimum terms. The main home has updated flooring, countertops, bathrooms, plumbing, and HVAC, and is offered furnished. It also has interior laundry; the apartment has its own laundry room. A storage shed and shared driveway round out the property’s practical features on a 0.17-acre lot.
The property is in Daytona Beach between the Intracoastal Waterway and the ocean, with the beach, riverfront, dining, shopping, entertainment, and area attractions nearby.
The property is in Daytona Beach between the Intracoastal Waterway and the ocean, with the beach, riverfront, dining, shopping, entertainment, and area attractions nearby.
Key Highlights
- Two residences: a 3‑bedroom, 2‑bathroom home and a 2‑bedroom, 2‑bathroom apartment
- Both residences are rented with 30‑day minimum terms
- 2,325 square feet on a 0.17‑acre lot
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
$20,396
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
3.92%
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%
$407,920
$407.9K
Cap Rate 7%
$291,371
$291.4K
Cap Rate 9%
$226,622
$226.6K
Market Conditions
NOI Build-Up for 2,325 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
$32.4K $13.92/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$29.1K $12.53/SF
− OpEx
−$8.7K −$3.76/SF
NOI
$20.4K $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%
$407,920
Cap Rate 7%
$291,371
Cap Rate 9%
$226,622
Alternative Uses
Best Use
Multifamily LT 5
$291.4K
$255.0K – $339.9K
NOI $20,396 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$253.1K
$221.5K – $295.3K
NOI $17,717 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$685.5K
$599.9K – $799.8K
NOI $47,988 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,256
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two rented residences provide separate living areas, laundry facilities, and a shared driveway.
Where is this duplex located?
The property is located at 416 N Peninsula Drive Daytona Beach, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 2‑bathroom home and a 2‑bedroom, 2‑bathroom apartment; Both residences are rented with 30‑day minimum terms; 2,325 square feet on a 0.17‑acre lot
