Remodeled Duplex with Ocean
For Sale
$185,000
1909 S Atlantic Avenue, Daytona Beach Shores, FL 32118
MULTI_FAMILY - Daytona Beach Shores, FL
Property Size793 SF
Price / SF$233.29
Days on Market101
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
Bedroom 1, Bedroom 2, Bathroom 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: Jun 17
Last Checked: Aug 16 at 9:06PM
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 remodeled duplex includes two separate units. Unit 620 has two queen beds and a futon, accommodating up to five guests. Unit 621 has a king bed and accommodates up to two guests. The property totals 793 square feet of living space.
Located at 1909 S Atlantic Avenue in Daytona Beach Shores, the duplex is positioned to take advantage of ocean views, with the double-unit setup described as providing uninterrupted Atlantic Ocean sightlines.
The layout supports renting one unit while using the other, or renting both units together for additional rental income.
Located at 1909 S Atlantic Avenue in Daytona Beach Shores, the duplex is positioned to take advantage of ocean views, with the double-unit setup described as providing uninterrupted Atlantic Ocean sightlines.
The layout supports renting one unit while using the other, or renting both units together for additional rental income.
Key Highlights
- Ocean front property with double‑unit setup offering Atlantic Ocean views
- Two separate units: Unit 620 sleeps 5 (two queen beds + futon) and Unit 621 sleeps 2 (one king bed)
- Completely remodeled units with 793 SF of designed living space
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
$6,957
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
3.76%
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%
$139,140
$139.1K
Cap Rate 7%
$99,386
$99.4K
Cap Rate 9%
$77,300
$77.3K
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
$11.0K $13.92/SF
− Vacancy
−$1.1K −$1.39/SF
EGI
$9.9K $12.53/SF
− OpEx
−$3.0K −$3.76/SF
NOI
$7.0K $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 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%
$139,140
Cap Rate 7%
$99,386
Cap Rate 9%
$77,300
Alternative Uses
Best Use
Multifamily LT 5
$99.4K
$87.0K – $116.0K
NOI $6,957 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$86.3K
$75.5K – $100.7K
NOI $6,043 @ 7.0% cap · market cap 3.27%
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled units offer flexible use, with one sized for up to five guests and one for two.
Where is this duplex 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: Ocean front property with double‑unit setup offering Atlantic Ocean views; Two separate units: Unit 620 sleeps 5 (two queen beds + futon) and Unit 621 sleeps 2 (one king bed); Completely remodeled units with 793 SF of designed living space
