Renovated 2-Unit
New
For Sale
$375,000
340 Kingston Ave, Daytona Beach, FL 32114
Separate laundry facilities and four on-site parking spaces support the property’s two-unit residential configuration.
Property Size1,869 SF
Price / SF$200.64
Days on Market5
Property Features for 340 Kingston Ave
General Information
Standard status
Active
Size
1,869 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
on-site laundry
Building Details
Year Built
1930
Listing Agency:
RE/MAX Signature
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 12:40PM
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 1930, this 1,869-square-foot duplex contains two independent residences, each with three bedrooms and one bathroom. Updates include new plumbing and drainage, electrical improvements, renovated kitchens and bathrooms, laminate flooring, replacement windows and doors, appliances, fresh paint, and exterior siding. The roof has been repaired. A tankless water heater serves the property, and a shared laundry area includes a washer and dryer. Aluminum fencing encloses the exterior, with a concrete driveway providing four parking spaces.
The property is in Daytona Beach, approximately five minutes from the beach and ten minutes from Daytona International Speedway.
The property is in Daytona Beach, approximately five minutes from the beach and ten minutes from Daytona International Speedway.
Key Highlights
- Two separate units, each with 3 bedrooms and 1 bathroom
- 1,869 square feet; built in 1930
- Renovations include plumbing, drainage, electrical, kitchens, bathrooms, windows, doors, flooring, and siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,396
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,920
$327.9K
Cap Rate 7%
$234,229
$234.2K
Cap Rate 9%
$182,178
$182.2K
Market Conditions
NOI Build-Up for 1,869 SF
Gross rent
$26.0K $13.92/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$23.4K $12.53/SF
− OpEx
−$7.0K −$3.76/SF
NOI
$16.4K $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%
$327,920
Cap Rate 7%
$234,229
Cap Rate 9%
$182,178
Alternative Uses
Best Use
Multifamily LT 5
$234.2K
$205.0K – $273.3K
NOI $16,396 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$203.5K
$178.0K – $237.4K
NOI $14,242 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$551.1K
$482.2K – $642.9K
NOI $38,576 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
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
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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 - Separate laundry facilities and four on-site parking spaces support the property’s two-unit residential configuration.
Where is this duplex located?
The property is located at 340 Kingston Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two separate units, each with 3 bedrooms and 1 bathroom; 1,869 square feet; built in 1930; Renovations include plumbing, drainage, electrical, kitchens, bathrooms, windows, doors, flooring, and siding
