16 S GRANDVIEW AVE Daytona Beach, FL 32118

Building Details

Year Built

1910

Listing office Charles Rutenberg Realty Orlando LLC H***@mariamrealtygroup.com Show Phone

Listing date May 15, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This stabilized seven-unit property is located just three streets from the beach. It is currently producing an 8% cap rate based on the asking price, after accounting for taxes, insurance, and expenses. The property's zoning allows for up to 10 units, with a land use designation of 7 units according to the Property Appraiser. There are no code violations. The property is fully stabilized with long-term tenants on active leases with 6 to 12 months remaining. Key features include a 2018 roof, solid mechanicals, on-site parking, and a common patio area for tenants. The property is located in a "High and Dry" X flood zone. There is a large storage unit on-site that was previously an apartment and could be converted back for additional revenue. The property is located within walking distance of the Main Street Pier and beach access. Units nearby are rented as AirBNB or long-term rentals. The bike score is 55, indicating it is bikeable. The walk score is 66, indicating it is somewhat walkable. The transit score is 31, indicating some transit options are available. This property is suitable for a 1031 exchange or portfolio expansion.

Key Highlights

• 8% Cap Rate on Asking Price (After Taxes, Insurance, and Expenses)
• Located just 3 streets from the beach
• Zoning Allows Up to 10 Units (Currently 7 Units)

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FAQs

What type of property is this?

Apartment building - Seven-unit property near the beach with strong income potential.

Where is this apartment building located?

The property is located at 16 S GRANDVIEW AVE Daytona Beach, FL.

What is the asking price?

The asking price for this property is $769,000.

What are key features of this property?

This property features: 8% Cap Rate on Asking Price (After Taxes, Insurance, and Expenses); Located just 3 streets from the beach; Zoning Allows Up to 10 Units (Currently 7 Units)