Updated Duplex With
For Sale
$249,000
820 Narcissus Avenue, Daytona Beach, FL 32117
Residential Income, Daytona Beach, FL
Property Size1,240 SF
Lot Size0.22 Acres
Price / SF$200.81
Days on Market40
Property Features for 820 Narcissus Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Parking features
Carport
Subdivision
Mc Nair
Lot features
Many Trees
Directions
From Nova Road, head north to 8th Street and turn right. Continue to Narcissus Avenue and turn left.
Standard status
Active
APN
523718010200
Size
1,240 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 20 EXC S 5 FT & LOTS 21 & 22 BLK 1 J L MCNAIR ADD MB 9 P G 162 PER OR 1757 PG 0977 PER OR 6782 PG 3889 PER OR 6889 PG 3854 PER OR 7265 PG 1811 PER OR 7790 PG 0262 PER OR 8700 PG
Tax Annual Amount
3430
Legal Description
LOT 20 EXC S 5 FT & LOTS 21 & 22 BLK 1 J L MCNAIR ADD MB 9 P G 162 PER OR 1757 PG 0977 PER OR 6782 PG 3889 PER OR 6889 PG 3854 PER OR 7265 PG 1811 PER OR 7790 PG 0262 PER OR 8700 PG
Utilities
Utilities
Cable Available
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Jean Ivis · License #3506971
(386) 299-3338
Added: Jul 16
Changed: Aug 20
Last Checked: Aug 24 at 10:06PM
MLS# 1228712
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 duplex contains two fully occupied one-bedroom, one-bathroom residences within 1,240 square feet. The roof was replaced in late 2023, and a carport provides covered parking. Public water service and cable availability are also identified for the property. Built in 1960, the building sits on a 0.22-acre parcel and is configured for ongoing residential rental use.
Current operating assumptions indicate an estimated 7.64 cap rate and annual net operating income of $19,017. The property includes separate bedrooms and bathrooms for each unit, creating a straightforward two-unit configuration for an income-property buyer.
Current operating assumptions indicate an estimated 7.64 cap rate and annual net operating income of $19,017. The property includes separate bedrooms and bathrooms for each unit, creating a straightforward two-unit configuration for an income-property buyer.
Key Highlights
- Two fully occupied 1‑bedroom, 1‑bathroom units
- 1,240 square feet on a 0.22‑acre parcel
- Roof replacement completed in late 2023
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
$10,878
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
4.37%
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%
$217,560
$217.6K
Cap Rate 7%
$155,400
$155.4K
Cap Rate 9%
$120,867
$120.9K
Market Conditions
NOI Build-Up for 1,240 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
$17.3K $13.92/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$15.5K $12.53/SF
− OpEx
−$4.7K −$3.76/SF
NOI
$10.9K $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%
$217,560
Cap Rate 7%
$155,400
Cap Rate 9%
$120,867
Alternative Uses
Best Use
Multifamily LT 5
$155.4K
$136.0K – $181.3K
NOI $10,878 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,449 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 10.28%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied rental property with two separate residences, recent roof replacement, and on-site covered parking.
Where is this duplex located?
The property is located at 820 Narcissus Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two fully occupied 1‑bedroom, 1‑bathroom units; 1,240 square feet on a 0.22‑acre parcel; Roof replacement completed in late 2023
