Two-Unit Short-Term
For Sale
$185,000
1909 S Atlantic Avenue, Daytona Beach Shores, FL 32118
Residential Income, Daytona Beach Shores, FL
Property Size793 SF
Price / SF$233.29
Days on Market147
Property Features for 1909 S Atlantic Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Off Street
Appliances
Refrigerator
Subdivision
Oceanside Inn
Lot features
Sprinklers In Rear
Directions
Atlantic to Destination
Standard status
Active
APN
5316-31-00-6200
Size
793 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 620 (HOTEL UNITS 620 & 621) OCEANSIDE INN CONDO PER OR 5027 PG 2142 PER OR 5132 PG 4619 PER OR 5332 PG 1789 PER OR 5447 PG 2841 PER OR 7430 PGS 1884-1885 PER OR 8309 PG 3644 PER OR 8377 PG 0606
Tax Annual Amount
1674
HOA Fee
$1,014 Monthly
Legal Description
UNIT 620 (HOTEL UNITS 620 & 621) OCEANSIDE INN CONDO PER OR 5027 PG 2142 PER OR 5132 PG 4619 PER OR 5332 PG 1789 PER OR 5447 PG 2841 PER OR 7430 PGS 1884-1885 PER OR 8309 PG 3644 PER OR 8377 PG 0606
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Water front features
Ocean Front
Water front
1
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block
Roof type
Membrane
Listing Agency:
Pixel Realty
(352) 678-9405
Listed By:
Benjamin Larbus
(419) 231-0668
Added: May 8
Changed: Sep 12
Last Checked: Oct 1 at 7:06PM
MLS# 1226179
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.
Investment Insights
Based on property information with market context.
This short-term rental property includes two separate remodeled units within 793 square feet of interior space. Unit 620 has two queen beds and a futon, accommodating five guests, while Unit 621 includes one king bed and accommodates two. Tile flooring, block construction, electric heat, and a refrigerator are among the documented property features.
The property is located at 1909 S Atlantic Avenue in Daytona Beach Shores, with ocean-front positioning and Atlantic Ocean views. Public water and sewer serve the property, and off-street parking is available. Built in 1973, the property offers a two-unit configuration suited to short-term rental use, with the units capable of being occupied separately.
The property is located at 1909 S Atlantic Avenue in Daytona Beach Shores, with ocean-front positioning and Atlantic Ocean views. Public water and sewer serve the property, and off-street parking is available. Built in 1973, the property offers a two-unit configuration suited to short-term rental use, with the units capable of being occupied separately.
Key Highlights
- Two separate remodeled units totaling 793 square feet
- Unit 620 includes two queen beds and a futon for five guests
- Unit 621 has one king bed and accommodates two guests
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,043
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$120,860
$120.9K
Cap Rate 7%
$86,329
$86.3K
Cap Rate 9%
$67,144
$67.1K
Market Conditions
NOI Build-Up for 793 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.3K $15.48/SF
− Vacancy
−$1.3K −$1.63/SF
EGI
$11.0K $13.85/SF
− OpEx
−$4.9K −$6.23/SF
NOI
$6.0K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$120,860
Cap Rate 7%
$86,329
Cap Rate 9%
$67,144
Alternative Uses
Best Use
Apartment 5plus
$86.3K
$75.5K – $100.7K
NOI $6,043 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.8K
$204.6K – $272.8K
NOI $16,368 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
325
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?
Short term rental property - Remodeled oceanfront accommodations offer separate guest layouts, tiled interiors, and off-street parking.
Where is this short term rental property located?
The property is located at 1909 S Atlantic Avenue Daytona Beach Shores, FL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two separate remodeled units totaling 793 square feet; Unit 620 includes two queen beds and a futon for five guests; Unit 621 has one king bed and accommodates two guests
