Corner Two-Unit
For Sale
Contact for pricing
1301 Wright Street, Daytona Beach, FL 32117
Well-maintained two-family duplex on a corner lot with two tenant-occupied units and month-to-month leases.
Property Size2,056 SF
Price / SF$121.60
Days on Market200
Property Features for 1301 Wright Street
General Information
Standard status
Active
Size
2,056 SF
Property subtype
Multifamily, Land
Building Details
Year Built
1960
Units
2
Listing Agency:
Century 21 Sundance Realty
Listed By:
Mariah Hochhauser
(917) 364-1549
Source:
Crexi
Added: Feb 20
Changed: Sep 2
Last Checked: Sep 7 at 5:35AM
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 Century 21 Sundance Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex offers a practical two-unit residential income setup on a corner lot. Unit 1 includes three bedrooms and one bath, along with a kitchen and living room. Unit 2 features one bedroom and one bath, a living room and kitchen, plus a flex room and an enclosed porch.
Both units are currently tenant-occupied with month-to-month leases. The property is being sold as-is, and showings require 24-hour notice with instruction not to disturb tenants.
The layout supports multiple living options, including renting both units or occupying one while generating income from the other unit. The property is centrally located near schools, hospitals, shopping, highways, and public transportation, which can support continued rental demand.
Both units are currently tenant-occupied with month-to-month leases. The property is being sold as-is, and showings require 24-hour notice with instruction not to disturb tenants.
The layout supports multiple living options, including renting both units or occupying one while generating income from the other unit. The property is centrally located near schools, hospitals, shopping, highways, and public transportation, which can support continued rental demand.
Key Highlights
- Well‑maintained 2‑family duplex built in 1960 on a corner lot in Daytona Beach
- Both units are tenant‑occupied and on month‑to‑month leases
- Unit 1: 3 bedrooms and 1 bathroom with kitchen and living room
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
$18,036
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
7.21%
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%
$360,720
$360.7K
Cap Rate 7%
$257,657
$257.7K
Cap Rate 9%
$200,400
$200.4K
Market Conditions
NOI Build-Up for 2,056 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
$28.6K $13.92/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$25.8K $12.53/SF
− OpEx
−$7.7K −$3.76/SF
NOI
$18.0K $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%
$360,720
Cap Rate 7%
$257,657
Cap Rate 9%
$200,400
Alternative Uses
Best Use
Multifamily LT 5
$257.7K
$225.5K – $300.6K
NOI $18,036 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$223.8K
$195.8K – $261.1K
NOI $15,667 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$606.2K
$530.5K – $707.3K
NOI $42,436 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
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
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family duplex on a corner lot with two tenant-occupied units and month-to-month leases.
Where is this duplex located?
The property is located at 1301 Wright Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Well‑maintained 2‑family duplex built in 1960 on a corner lot in Daytona Beach; Both units are tenant‑occupied and on month‑to‑month leases; Unit 1: 3 bedrooms and 1 bathroom with kitchen and living room
