Two-Unit Duplex with
For Sale
$520,000
416 N Peninsula Dr, Daytona Beach, FL 32118
Both residences are rented on terms requiring stays of at least 30 days.
Property Size2,325 SF
Price / SF$223.66
Days on Market8
Property Features for 416 N Peninsula Dr
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Multi-Family
Building Details
Year Built
1918
Listing Agency:
RE/MAX Signature
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 7 at 12:06PM
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 2,325-square-foot duplex pairs a 3-bedroom, 2-bath main home with a separate 2-bedroom, 2-bath apartment above a detached two-car garage. Built in 1918, the main residence has updated flooring, countertops, bathrooms, plumbing, and HVAC, plus interior laundry. It is offered furnished. The apartment has its own laundry room, and a separate storage shed adds additional space. A shared driveway serves the property.
Both residences are currently rented with a 30-day minimum. The property sits between the Intracoastal Waterway and the ocean, minutes from the beach, with Daytona Beach riverfront, dining, shopping, entertainment, and area attractions nearby.
Both residences are currently rented with a 30-day minimum. The property sits between the Intracoastal Waterway and the ocean, minutes from the beach, with Daytona Beach riverfront, dining, shopping, entertainment, and area attractions nearby.
Key Highlights
- 3‑bedroom, 2‑bath main home and separate 2‑bedroom, 2‑bath apartment
- Both residences currently rented with 30‑day minimum stays
- 2,325 square feet; built in 1918
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,396
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,920
$407.9K
Cap Rate 7%
$291,371
$291.4K
Cap Rate 9%
$226,622
$226.6K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$32.4K $13.92/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$29.1K $12.53/SF
− OpEx
−$8.7K −$3.76/SF
NOI
$20.4K $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%
$407,920
Cap Rate 7%
$291,371
Cap Rate 9%
$226,622
Alternative Uses
Best Use
Multifamily LT 5
$291.4K
$255.0K – $339.9K
NOI $20,396 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$253.1K
$221.5K – $295.3K
NOI $17,717 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$685.5K
$599.9K – $799.8K
NOI $47,988 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,256
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences are rented on terms requiring stays of at least 30 days.
Where is this duplex located?
The property is located at 416 N Peninsula Dr Daytona Beach, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath main home and separate 2‑bedroom, 2‑bath apartment; Both residences currently rented with 30‑day minimum stays; 2,325 square feet; built in 1918
