Partially Renovated Duplex with
For Sale
$425,000
Pending
54 IVY LANE, Debary, FL 32713
Two residences offer private garages, screened porches, and access to shared backyard space.
Property Size1,960 SF
Days on Market546
Property Features for 54 IVY LANE
General Information
Standard status
Pending
Size
1,960 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,546
Building Details
Year Built
1987
Buildings
1
Listing Agency:
LPT REALTY LLC
(407) 334-3378
Listed By:
Jennifer Hanley · License #3354088
(407) 334-3378
Source:
Exitrealty
Added: Mar 3, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:10AM
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 LPT REALTY LLC
Investment Insights
Based on property information with market context.
This 1,960-square-foot duplex, built in 1987, includes two separate residences with partially renovated interiors. One unit features luxury vinyl plank flooring, quartz countertops, newer stainless steel appliances, and a pot filler above the stove. Both primary bedrooms include en suite bathrooms, providing a private bath arrangement within each residence.
Each side has an oversized deep 1-car garage, a screened-in back porch, and access to a large backyard. The property is located in DeBary, halfway between Orlando and Daytona Beach, with grocery stores, golf courses, parks, public transportation, Target, Home Depot, and restaurants identified nearby.
Each side has an oversized deep 1-car garage, a screened-in back porch, and access to a large backyard. The property is located in DeBary, halfway between Orlando and Daytona Beach, with grocery stores, golf courses, parks, public transportation, Target, Home Depot, and restaurants identified nearby.
Key Highlights
- 1,960‑square‑foot duplex built in 1987
- Two oversized deep 1‑car garages, one serving each unit
- Both primary bedrooms include en suite bathrooms
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
$17,194
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
4.05%
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%
$343,880
$343.9K
Cap Rate 7%
$245,629
$245.6K
Cap Rate 9%
$191,044
$191.0K
Market Conditions
NOI Build-Up for 1,960 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
$27.3K $13.92/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$24.6K $12.53/SF
− OpEx
−$7.4K −$3.76/SF
NOI
$17.2K $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 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%
$343,880
Cap Rate 7%
$245,629
Cap Rate 9%
$191,044
Alternative Uses
Best Use
Multifamily LT 5
$245.6K
$214.9K – $286.6K
NOI $17,194 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$213.4K
$186.7K – $248.9K
NOI $14,935 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$577.9K
$505.7K – $674.2K
NOI $40,454 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 32713, FL
22,438
Population
10,013
Households
2.2
Avg Household Size
50
Median Age
31%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,175
Density / Sq Mi
$87,354
Median Household Income
$51,733
Median Earnings
$1,479
Median Rent
$306,800
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 - Two residences offer private garages, screened porches, and access to shared backyard space.
Where is this duplex located?
The property is located at 54 IVY LANE Debary, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,960‑square‑foot duplex built in 1987; Two oversized deep 1‑car garages, one serving each unit; Both primary bedrooms include en suite bathrooms
