Beachside Duplex with
New
For Sale
$285,000
533 Eastwood Lane, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size1,290 SF
Lot Size0.11 Acres
Price / SF$220.93
Days on Market5
Property Features for 533 Eastwood Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Appliances
Refrigerator, Electric Water Heater, Electric Oven
Subdivision
Hustons
View
Ocean
Directions
East on International Blvd to Right on A1A to Right on Eastwood Lane. Home is second on right.
Standard status
Active
APN
5309-15-01-0221
Size
1,290 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
09-15-33 A PORTION OF S 1/2 OF LOT 22 BLK 1 HUSTONS DAYTONA BEACH DB P PG 583 MB 14 PG 42 AS DESCRIBED IN OR 6880 PG 779 PER OR 1852 PG 0914 PER OR 4494 PG 0086 PER OR 6423 PG 2163 PER OR 6423 PG 2164 PER OR 6880 PG 0779
Tax Annual Amount
3851
Legal Description
09-15-33 A PORTION OF S 1/2 OF LOT 22 BLK 1 HUSTONS DAYTONA BEACH DB P PG 583 MB 14 PG 42 AS DESCRIBED IN OR 6880 PG 779 PER OR 1852 PG 0914 PER OR 4494 PG 0086 PER OR 6423 PG 2163 PER OR 6423 PG 2164 PER OR 6880 PG 0779
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1948
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Local Living Realty Group
Listed By:
Tonya Montisano
(386) 314-5458
Added: Sep 4
Last Checked: Sep 8 at 4:06AM
MLS# 1230480
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 1,290-square-foot duplex contains two distinct residences in a block-built structure completed in 1948. The upper unit has one bedroom, one bathroom, a living area, and a kitchen, while the lower unit provides two bedrooms, one bathroom, a living area, and a kitchen. Tile flooring, shingle roofing, public water, and public sewer serve the property, with cooling provided by window or wall/window units.
The duplex is positioned one home from A1A and within walking distance of the beach. Restaurants, entertainment, shopping, and local attractions are nearby, while Daytona International Speedway is approximately 25 minutes away. Each residence includes a garage and two designated parking spaces. Both units are occupied month-to-month, and the property has separate electric and water meters.
The duplex is positioned one home from A1A and within walking distance of the beach. Restaurants, entertainment, shopping, and local attractions are nearby, while Daytona International Speedway is approximately 25 minutes away. Each residence includes a garage and two designated parking spaces. Both units are occupied month-to-month, and the property has separate electric and water meters.
Key Highlights
- 1,290 SF duplex on a 0.11‑acre lot
- Upper unit: 1 bedroom, 1 bathroom, living area, and kitchen
- Lower unit: 2 bedrooms, 1 bathroom, living area, and kitchen
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
$11,317
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
3.97%
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%
$226,340
$226.3K
Cap Rate 7%
$161,671
$161.7K
Cap Rate 9%
$125,744
$125.7K
Market Conditions
NOI Build-Up for 1,290 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
$18.0K $13.92/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$16.2K $12.53/SF
− OpEx
−$4.8K −$3.76/SF
NOI
$11.3K $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%
$226,340
Cap Rate 7%
$161,671
Cap Rate 9%
$125,744
Alternative Uses
Best Use
Multifamily LT 5
$161.7K
$141.5K – $188.6K
NOI $11,317 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$140.4K
$122.9K – $163.8K
NOI $9,830 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$380.4K
$332.8K – $443.8K
NOI $26,626 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
502
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?
Duplex - Licensed two-unit property near A1A and the beach, with separate electric and water meters and dedicated parking.
Where is this duplex located?
The property is located at 533 Eastwood Lane Daytona Beach, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,290 SF duplex on a 0.11‑acre lot; Upper unit: 1 bedroom, 1 bathroom, living area, and kitchen; Lower unit: 2 bedrooms, 1 bathroom, living area, and kitchen
