Two-Unit Duplex with Separate
For Sale
$435,000
722 N Halifax Avenue, Daytona Beach, FL 32118
MULTI_FAMILY - Daytona Beach, FL
Property Size2,130 SF
Lot Size0.32 Acres
Price / SF$204.23
Days on Market105
Property Features for 722 N Halifax Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
Parking features
Garage
Fencing
Fenced
Appliances
Refrigerator, Microwave, Electric Range
Subdivision
East Daytona
Directions
From Seabreeze Blvd and Halifax: North on Halfiax, on rt.
Standard status
Active
APN
5305-01-08-0032
Size
2,130 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 3/4 OF W 1/2 OF LOT 3 BLK 8 EAST DAYTONA PER OR 4200 PG 1263 PER OR 6976 PG 3463 PER OR 6972 PG 3825 PER OR 7111 PG 1334 PER OR 8466 PG 3541 PER OR 8647 PG 3788
Tax Annual Amount
5135
Legal Description
N 3/4 OF W 1/2 OF LOT 3 BLK 8 EAST DAYTONA PER OR 4200 PG 1263 PER OR 6976 PG 3463 PER OR 6972 PG 3825 PER OR 7111 PG 1334 PER OR 8466 PG 3541 PER OR 8647 PG 3788
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating), Central, Electric (Heating)
Cooling system
Multi Units, Electric, Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1936
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX Signature · RE/MAX International
(386) 673-7001
Listed By:
Doug Gernert · License #SL3055478
(386) 673-7001
Added: May 4
Changed: Jul 27
Last Checked: Aug 16 at 3:06PM
MLS# 1226017
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 2-story duplex offers two separate residences in one building, with a 2-bedroom unit on the downstairs level and a 3-bedroom unit upstairs. Both units include updated kitchens featuring white shaker cabinets, quartz countertops, stainless appliances, farmhouse sinks, and new A/C systems. The home also has hardwood floors, open living areas, and abundant natural light throughout. The upstairs unit provides an elevated deck and access to a large attic, adding useful storage and flexibility.
Outside, the property includes a 3-car garage, a fenced yard, and separate electric meters for the two units. The duplex is located within walking distance of the beach and the Halifax River, with nearby dining and entertainment options.
With separate bedroom layouts and independent metering, this property can suit multiple scenarios, including rental income or owner-occupancy with a second unit. The combination of updated kitchens, new A/C units, and additional outdoor and attic features supports both day-to-day comfort and practical use for tenants or occupants.
Outside, the property includes a 3-car garage, a fenced yard, and separate electric meters for the two units. The duplex is located within walking distance of the beach and the Halifax River, with nearby dining and entertainment options.
With separate bedroom layouts and independent metering, this property can suit multiple scenarios, including rental income or owner-occupancy with a second unit. The combination of updated kitchens, new A/C units, and additional outdoor and attic features supports both day-to-day comfort and practical use for tenants or occupants.
Key Highlights
- 2‑story duplex with a 2‑bedroom unit downstairs and a 3‑bedroom unit upstairs
- Over 2,100 sq ft of living space with open layouts and abundant natural light
- Updated kitchens in both units with white shaker cabinets, quartz countertops, stainless appliances, and farmhouse sinks
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
$18,685
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
4.30%
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%
$373,700
$373.7K
Cap Rate 7%
$266,929
$266.9K
Cap Rate 9%
$207,611
$207.6K
Market Conditions
NOI Build-Up for 2,130 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
$29.6K $13.92/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$26.7K $12.53/SF
− OpEx
−$8.0K −$3.76/SF
NOI
$18.7K $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%
$373,700
Cap Rate 7%
$266,929
Cap Rate 9%
$207,611
Alternative Uses
Best Use
Multifamily LT 5
$266.9K
$233.6K – $311.4K
NOI $18,685 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,043
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 - Two-story duplex with separate electric meters, updated kitchens, and a fenced yard plus a 3-car garage.
Where is this duplex located?
The property is located at 722 N Halifax Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2‑story duplex with a 2‑bedroom unit downstairs and a 3‑bedroom unit upstairs; Over 2,100 sq ft of living space with open layouts and abundant natural light; Updated kitchens in both units with white shaker cabinets, quartz countertops, stainless appliances, and farmhouse sinks
