Beachside Duplex with Separate
For Sale
$285,000
533 Eastwood Ln, Daytona Beach, FL 32118
Legally licensed, city-approved rental property with two independently metered units and month-to-month occupancy.
Property Size1,290 SF
Price / SF$220.93
Days on Market34
Property Features for 533 Eastwood Ln
General Information
Standard status
Active
Size
1,290 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Tenancy
Multi
Listing Agency:
RE/MAX Signature
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Sep 6
Changed: Oct 7
Last Checked: Oct 7 at 12:39PM
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
Investment Insights
Based on property information with market context.
This 1,290-square-foot duplex, built in 1948, contains two separate residences with distinct layouts. The upper unit has 1 bedroom, 1 bathroom, a living area, and a kitchen. The lower unit includes 2 bedrooms, 1 bathroom, a living area, and a kitchen. Separate electric and water meters serve the units, and the property is legally licensed and city approved as a rental.
The property at 533 Eastwood Ln is one home from A1A and within walking distance of the beach. Restaurants, entertainment, shopping, and local attractions are nearby, while Daytona International Speedway is approximately 25 minutes away.
Both residences are occupied on a month-to-month basis. Each unit includes its own garage and two designated parking spaces, providing four designated spaces across the property.
The property at 533 Eastwood Ln is one home from A1A and within walking distance of the beach. Restaurants, entertainment, shopping, and local attractions are nearby, while Daytona International Speedway is approximately 25 minutes away.
Both residences are occupied on a month-to-month basis. Each unit includes its own garage and two designated parking spaces, providing four designated spaces across the property.
Key Highlights
- 1,290‑square‑foot duplex built in 1948
- Upper unit has 1 bedroom and 1 bathroom; lower unit has 2 bedrooms and 1 bathroom
- Legally licensed and city approved as a rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,317
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,340
$226.3K
Cap Rate 7%
$161,671
$161.7K
Cap Rate 9%
$125,744
$125.7K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$18.0K $13.92/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$16.2K $12.53/SF
− OpEx
−$4.8K −$3.76/SF
NOI
$11.3K $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%
$226,340
Cap Rate 7%
$161,671
Cap Rate 9%
$125,744
Alternative Uses
Best Use
Multifamily LT 5
$161.7K
$141.5K – $188.6K
NOI $11,317 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$140.4K
$122.9K – $163.8K
NOI $9,830 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$380.4K
$332.8K – $443.8K
NOI $26,626 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Legally licensed, city-approved rental property with two independently metered units and month-to-month occupancy.
Where is this duplex located?
The property is located at 533 Eastwood Ln Daytona Beach, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,290‑square‑foot duplex built in 1948; Upper unit has 1 bedroom and 1 bathroom; lower unit has 2 bedrooms and 1 bathroom; Legally licensed and city approved as a rental
