Duplex with Separate Guest
New
For Sale
$385,000
124 Loomis Ave, Daytona Beach, FL 32114
A renovated historic residence combines original architectural details with updated systems and a detached cottage.
Property Size2,536 SF
Price / SF$151.81
Days on Market6
Property Features for 124 Loomis Ave
General Information
Standard status
Active
Size
2,536 SF
Property subtype
Multi-Family
Zoning
multi family
Building Details
Year Built
1923
Buildings
2
Listing Agency:
RE/MAX Signature
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 8:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Signature
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Investment Insights
Based on property information with market context.
Built in 1923, this 2,536-square-foot property includes a renovated main residence and a separate guest cottage. The main home has two bedrooms on the first floor, a third possible bedroom on that level, and one upstairs bedroom. Hardwood floors and architectural details remain, alongside a remodeled kitchen with stainless steel appliances and a fireplace, updated baths, and interior laundry. Electrical and plumbing have been updated; the HVAC system dates to 2017 and the roof to 2018. The cottage has a living room, bedroom, kitchen, and full bath.
The property is zoned multifamily at 124 Loomis Ave in Daytona Beach. It is one block from the Halifax River and less than two miles from the Atlantic Ocean. Downtown restaurants, marinas, galleries, cultural attractions, shopping, Jackie Robinson Ballpark, and the Halifax River Yacht Club are within easy reach.
The property is zoned multifamily at 124 Loomis Ave in Daytona Beach. It is one block from the Halifax River and less than two miles from the Atlantic Ocean. Downtown restaurants, marinas, galleries, cultural attractions, shopping, Jackie Robinson Ballpark, and the Halifax River Yacht Club are within easy reach.
Key Highlights
- 2,536‑square‑foot multifamily property with a main residence and separate cottage
- Main residence has two downstairs bedrooms, a possible third downstairs bedroom, and one upstairs bedroom
- Guest cottage includes a living room, bedroom, kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,247
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,940
$444.9K
Cap Rate 7%
$317,814
$317.8K
Cap Rate 9%
$247,189
$247.2K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$35.3K $13.92/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$31.8K $12.53/SF
− OpEx
−$9.5K −$3.76/SF
NOI
$22.2K $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 Rate 5%
$444,940
Cap Rate 7%
$317,814
Cap Rate 9%
$247,189
Alternative Uses
Best Use
Multifamily LT 5
$317.8K
$278.1K – $370.8K
NOI $22,247 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,324 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$747.8K
$654.3K – $872.4K
NOI $52,343 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
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Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A renovated historic residence combines original architectural details with updated systems and a detached cottage.
Where is this duplex located?
The property is located at 124 Loomis Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,536‑square‑foot multifamily property with a main residence and separate cottage; Main residence has two downstairs bedrooms, a possible third downstairs bedroom, and one upstairs bedroom; Guest cottage includes a living room, bedroom, kitchen, and full bath
