Two-Story Duplex with Three-Car
For Sale
$399,000
722 N Halifax Avenue, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size2,130 SF
Lot Size0.32 Acres
Price / SF$187.32
Days on Market151
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 5, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4
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
Electric (Heating), Central, Varies by Unit (Heating)
Cooling system
Multi Units, Wall/Window Unit(s), Electric, Central Air, Window Unit(s)
Water source
Public
Amenities
elevated deck
fenced yard
Building Details
Year built
1936
Floors in Building
1
Number of units
2
Flooring type
Tile, Wood
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) 235-8326
Added: May 4
Changed: Sep 29
Last Checked: Oct 1 at 11:06PM
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.
Built in 1936, this two-story duplex contains 2,130 square feet across a 2-bedroom lower unit and a 3-bedroom upper unit. Each unit includes an updated kitchen with white shaker cabinetry, quartz countertops, stainless appliances, and a farmhouse sink. Central air and electric systems vary by unit, while wood and tile flooring, open living areas, and natural light appear throughout. The upper residence adds an elevated deck and access to a large attic.
The property occupies 0.32 acres and includes a fenced yard, three-car garage, public water, and public sewer. Separate electric meters serve the units. Its Daytona Beach setting provides walkable access to the beach and Halifax River, along with nearby dining and entertainment.
The property occupies 0.32 acres and includes a fenced yard, three-car garage, public water, and public sewer. Separate electric meters serve the units. Its Daytona Beach setting provides walkable access to the beach and Halifax River, along with nearby dining and entertainment.
Key Highlights
- 2,130 square feet with a 2‑bedroom lower unit and 3‑bedroom upper unit
- Two‑story duplex built in 1936 on 0.32 acres
- Updated kitchens with quartz counters, stainless appliances, and white shaker cabinets
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
4.68%
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 4.68%
Second Best
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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 updated units offer flexible occupancy near the beach, Halifax River, dining, and entertainment.
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 $399,000.
What are key features of this property?
This property features: 2,130 square feet with a 2‑bedroom lower unit and 3‑bedroom upper unit; Two‑story duplex built in 1936 on 0.32 acres; Updated kitchens with quartz counters, stainless appliances, and white shaker cabinets
