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Oceanfront 10-Unit Apartment Complex
For Sale
$1,750,000

3201 HILL STREET, New Smyrna Beach, FL 32169

Two furnished buildings provide varied unit layouts, shared recreation amenities, and direct beach access in New Smyrna Beach.

Property SizeContact for details
Days on Market484

Property Features for 3201 HILL STREET

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1950
Listing Agency: PALM REALTY & INVESTMENTS, INC.
Listed By: Thomas Hennerty · License #3590613
Source: Exitrealty
Added: May 6, 2025 Changed: Aug 31 Last Checked: Aug 31 at 4:02PM

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 PALM REALTY & INVESTMENTS, INC.

Investment Insights

Based on property information with market context.

This 10-unit apartment complex at 3201 Hill Street comprises two buildings positioned along the New Smyrna Beach and Atlantic Ocean frontage, with a protective seawall. The oceanfront building contains four furnished 2BR/2BA units; upper residences have balconies and lower residences include patios. The second building includes four furnished 2BR/2BA units and two furnished 1BR/1BA units, along with a housekeeping room and management office. Several residences have ocean views, and all units are equipped with A/C. The 2BR units also include washer/dryer connections or appliances as stated in the property information.

Shared improvements include a fenced pool reportedly heated from 3'-6', picnic tables, grills, and approximately 11± parking spaces on a brick driveway. Beach access is provided by a stairway beside the buildings, and the units have separate electric meters. All units will be conveyed vacant. A Phase 1 Milestone Inspection performed February 7, 2025 passed. The property is located in New Smyrna Beach, Florida, on the central east coast south of Daytona Beach.

Key Highlights

  • 10 units across two buildings, conveyed vacant
  • Oceanfront and ocean‑view buildings with beach access by adjacent stairway
  • Unit mix includes eight 2BR/2BA residences and two 1BR/1BA residences

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Law Firm Restaurant Big Box & Wholesale Store Pharmacy Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby

Demographics for 32169, FL

10,621
Population
12,339
Households
0.9
Avg Household Size
63
Median Age
49%
College-Educated
98%
High-School Grad
16.2 sq mi
ZIP Area
656
Density / Sq Mi
$99,260
Median Household Income
$65,500
Median Earnings
$1,754
Median Rent
$485,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two furnished buildings provide varied unit layouts, shared recreation amenities, and direct beach access in New Smyrna Beach.
Where is this apartment building located?
The property is located at 3201 HILL STREET New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 10 units across two buildings, conveyed vacant; Oceanfront and ocean‑view buildings with beach access by adjacent stairway; Unit mix includes eight 2BR/2BA residences and two 1BR/1BA residences
More about this property
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