Renovated 5-Unit Apartment
For Sale
$500,000
200 S Oleander Avenue Daytona, Daytona Beach, FL 32118
The property offers a diversified mix of studio, one-bedroom, two-bedroom, and three-bedroom layouts.
Property Size2,819 SF
Days on Market234
Property Features for 200 S Oleander Avenue Daytona
General Information
Standard status
Active
Size
2,819 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 2 x 1BR/1BA, 1 x studio
Multifamily Units
5
Additional Details
Highway Access
Yes
Amenities
Wall/Window Unit(s)
Varies by Unit
Refrigerator
Electric Range
Separate Electric Meters, Sewer Connected, Water Connected, Shingle
Building Details
Building Size
2,819 SF
Year Built
1948
Buildings
1
Listing Agency:
Keller Williams Realty Florida Partners
Listed By:
Mike Bretzel · License #SL3288645
(386) 631-5757
Source:
Kw
Added: Feb 26
Changed: Oct 16
Last Checked: Oct 16 at 6:57AM
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 Keller Williams Realty Florida Partners
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Investment Insights
Based on property information with market context.
This 5-unit apartment building at 200 S Oleander Avenue in Daytona Beach, Florida, has renovated interiors and a varied unit mix: one 3-bedroom/1-bath apartment, one 2-bedroom/1-bath apartment, two 1-bedroom/1-bath apartments, and one studio. Interior features include refrigerators, electric ranges, and Wall/Window Unit(s), with features varying by unit. Separate electric meters, connected sewer and water, and a shingle roof serve the property.
Built in 1948, the building has a 2021 roof and is fully occupied. Professional management is in place, with the existing local management company available to remain after a transition. The property is located 4 streets from the beach, with access to the Atlantic Ocean, Intracoastal Waterway, Daytona Beach Pier, Speedway, I-95, and I-4.
Built in 1948, the building has a 2021 roof and is fully occupied. Professional management is in place, with the existing local management company available to remain after a transition. The property is located 4 streets from the beach, with access to the Atlantic Ocean, Intracoastal Waterway, Daytona Beach Pier, Speedway, I-95, and I-4.
Key Highlights
- 5‑unit apartment building with one 3‑bedroom/1‑bath, one 2‑bedroom/1‑bath, two 1‑bedroom/1‑bath units, and one studio
- Fully occupied property with professional local management currently in place
- Renovated interiors across the unit mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,481
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,620
$429.6K
Cap Rate 7%
$306,871
$306.9K
Cap Rate 9%
$238,678
$238.7K
Market Conditions
NOI Build-Up for 2,819 SF
Gross rent
$43.6K $15.48/SF
− Vacancy
−$4.6K −$1.63/SF
EGI
$39.1K $13.85/SF
− OpEx
−$17.6K −$6.23/SF
NOI
$21.5K $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 Rate 5%
$429,620
Cap Rate 7%
$306,871
Cap Rate 9%
$238,678
Alternative Uses
Best Use
Apartment 5plus
$306.9K
$268.5K – $358.0K
NOI $21,481 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$831.2K
$727.3K – $969.7K
NOI $58,184 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
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
Frequently Asked Questions
What type of property is this?
Apartment building - The property offers a diversified mix of studio, one-bedroom, two-bedroom, and three-bedroom layouts.
Where is this apartment building located?
The property is located at 200 S Oleander Avenue Daytona Daytona Beach, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5‑unit apartment building with one 3‑bedroom/1‑bath, one 2‑bedroom/1‑bath, two 1‑bedroom/1‑bath units, and one studio; Fully occupied property with professional local management currently in place; Renovated interiors across the unit mix
