Eight-Room Apartment
13 S OLEANDER AVENUE, Daytona Beach, FL 32118
For Sale
$650,000
Licensed beachside rental property with flexible room layouts, shared kitchens, and an established weekly occupancy model.
Property Size2,510 SF
Price / SF$258.96
Days on Market53
Property Features for 13 S OLEANDER AVENUE
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
JUPITER PROPERTIES, INC
(386) 547-6161
Listed By:
Sulamita Del Valle · License FL #3293615
(813) 510-9619
Source:
Endlesssummerrealty
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 10 at 7:42AM
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 JUPITER PROPERTIES, INC
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Investment Insights
Based on property information with market context.
Built in 1936, this 2,510-square-foot apartment property is licensed and operating as an eight-room weekly rental. The rooms vary in size and configuration, with each offering a mini refrigerator and microwave. Four rooms have private access, while the property includes three shared restrooms and two kitchens. The operation includes a combination of established long-term tenants and weekly renters.
The property is located in Daytona Beach’s beachside area, within walking distance of the beach, Daytona Beach Bandshell, Main Street Pier, Boardwalk, Ocean Center, restaurants, entertainment, and other beachside attractions.
The property is located in Daytona Beach’s beachside area, within walking distance of the beach, Daytona Beach Bandshell, Main Street Pier, Boardwalk, Ocean Center, restaurants, entertainment, and other beachside attractions.
Key Highlights
- Licensed eight‑room rental operation
- 2,510 SF property built in 1936
- Every room includes a mini refrigerator and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,126
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,520
$382.5K
Cap Rate 7%
$273,229
$273.2K
Cap Rate 9%
$212,511
$212.5K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$38.9K $15.48/SF
− Vacancy
−$4.1K −$1.63/SF
EGI
$34.8K $13.85/SF
− OpEx
−$15.6K −$6.23/SF
NOI
$19.1K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,520
Cap Rate 7%
$273,229
Cap Rate 9%
$212,511
Alternative Uses
Best Use
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,126 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$740.1K
$647.6K – $863.4K
NOI $51,806 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
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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
$339,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Daytona Beach, FL
Properties on Market for Apartment buildings in Daytona Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Licensed beachside rental property with flexible room layouts, shared kitchens, and an established weekly occupancy model.
Where is this apartment building located?
The property is located at 13 S OLEANDER AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Licensed eight‑room rental operation; 2,510 SF property built in 1936; Every room includes a mini refrigerator and microwave
