Triplex
For Sale
$280,000
237 Desoto St, Daytona Beach, FL 32114
The 1949 building offers 1,516 square feet for renovation and potential reconfiguration into rental units.
Property Size1,516 SF
Price / SF$184.70
Days on Market12
Property Features for 237 Desoto St
General Information
Standard status
Active
Size
1,516 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1949
Listing Agency:
RE/MAX Signature
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 7 at 12:32PM
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.
Built in 1949, this 1,516-square-foot triplex property is presented for renovation and possible layout changes. A potential configuration includes a studio, a one-bedroom unit, and a three-bedroom unit; that plan remains subject to buyer verification and any required approvals.
A separate triplex at 233 Desoto Street is also available.
A separate triplex at 233 Desoto Street is also available.
Key Highlights
- 1,516‑square‑foot triplex property built in 1949
- Potential studio, one‑bedroom, and three‑bedroom layout, subject to verification and required approvals
- Another triplex is available at 233 Desoto Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,299
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,980
$266.0K
Cap Rate 7%
$189,986
$190.0K
Cap Rate 9%
$147,767
$147.8K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$21.1K $13.92/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$19.0K $12.53/SF
− OpEx
−$5.7K −$3.76/SF
NOI
$13.3K $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%
$265,980
Cap Rate 7%
$189,986
Cap Rate 9%
$147,767
Alternative Uses
Best Use
Multifamily LT 5
$190.0K
$166.2K – $221.7K
NOI $13,299 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$165.0K
$144.4K – $192.5K
NOI $11,552 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$447.0K
$391.1K – $521.5K
NOI $31,290 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - The 1949 building offers 1,516 square feet for renovation and potential reconfiguration into rental units.
Where is this triplex located?
The property is located at 237 Desoto St Daytona Beach, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,516‑square‑foot triplex property built in 1949; Potential studio, one‑bedroom, and three‑bedroom layout, subject to verification and required approvals; Another triplex is available at 233 Desoto Street
