Updated Two-Unit
New
For Sale
$299,000
1508 Espanola Avenue, Holly Hill, FL 32117
Residential Income, Holly Hill, FL
Property Size2,144 SF
Lot Size0.06 Acres
Price / SF$139.46
Days on Market2
Property Features for 1508 Espanola Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Parking
12
Parking features
Parking Lot
Appliances
Refrigerator, Microwave, Electric Range, Dishwasher
Subdivision
Rio Vista
Directions
North on US1, left on 15th st, right on Espanola. Property on the left
Standard status
Active
APN
4242-20-01-0430
Size
2,144 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 43 BLK 1 RIO VISTA SEC C MB 10 PG 69 PER OR 4392 PG 2943 PER OR 7319 PG 4167 PER OR 7348 PG 3640 PER OR 7375 PG 3477 PER OR 7547 PGS 4956-4957 PER OR 8321 PG 2862
Tax Annual Amount
4921
Legal Description
LOT 43 BLK 1 RIO VISTA SEC C MB 10 PG 69 PER OR 4392 PG 2943 PER OR 7319 PG 4167 PER OR 7348 PG 3640 PER OR 7375 PG 3477 PER OR 7547 PGS 4956-4957 PER OR 8321 PG 2862
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced outdoor space
wood deck
ample front parking
Building Details
Year built
1978
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet
Building materials
Frame
Roof type
Shingle
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 455-0830
Listed By:
Cheryl Gray · License #3434739
(386) 316-7808
Added: Oct 15
Last Checked: Oct 16 at 7:06AM
MLS# 1231796
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,144-square-foot duplex contains two residences of approximately 1,072 square feet apiece. Updated kitchens, refreshed bathrooms, and new flooring are among the interior improvements. The property also has a 2022 roof, fenced outdoor areas, a wood deck, and front parking. Central heating and air conditioning serve the building, and each residence has its own water and electric meter. The parcel measures 0.06 acres.
The property is in Holly Hill, with shopping, restaurants, public transportation, the Halifax River, and Daytona Beach described as minutes away. Both units have had long-term tenants, and the prior rental figures are not a guarantee of future income.
The property is in Holly Hill, with shopping, restaurants, public transportation, the Halifax River, and Daytona Beach described as minutes away. Both units have had long-term tenants, and the prior rental figures are not a guarantee of future income.
Key Highlights
- Two residences, each approximately 1,072 square feet; 2,144 square feet total
- New roof installed in 2022
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,808
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,160
$376.2K
Cap Rate 7%
$268,686
$268.7K
Cap Rate 9%
$208,978
$209.0K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$29.8K $13.92/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$26.9K $12.53/SF
− OpEx
−$8.1K −$3.76/SF
NOI
$18.8K $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%
$376,160
Cap Rate 7%
$268,686
Cap Rate 9%
$208,978
Alternative Uses
Best Use
Multifamily LT 5
$268.7K
$235.1K – $313.5K
NOI $18,808 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$233.4K
$204.2K – $272.3K
NOI $16,337 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$632.2K
$553.2K – $737.5K
NOI $44,252 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate water and electric meters allow utility service to be tracked for each residence.
Where is this duplex located?
The property is located at 1508 Espanola Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two residences, each approximately 1,072 square feet; 2,144 square feet total; New roof installed in 2022; Separate water and electric meters for each unit
