4-Unit Multifamily
For Sale
$449,900
205 Shady Pl, Daytona Beach, FL 32114
All units are leased under long-term agreements, with electrical metering separation identified as a possible improvement.
Property Size2,160 SF
Price / SF$208.29
Days on Market19
Property Features for 205 Shady Pl
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Cap Rate
5.45%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,569
Listing Agency:
Compass Florida, LLC
(407) 203-9441
Listed By:
Nathaniel Ingram
(386) 316-7462
Source:
Exprealty
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 26 at 5:15PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 2,160-square-foot quadplex contains four leased residential units. Each unit is occupied under a long-term lease, providing an established tenancy base. The property has a stated 5.45 cap rate based on current conditions.
The electrical service may be separated and individually metered by unit. The property is located at 205 Shady Pl in Daytona Beach, Florida.
The electrical service may be separated and individually metered by unit. The property is located at 205 Shady Pl in Daytona Beach, Florida.
Key Highlights
- Four residential units, all occupied under long‑term leases
- 2,160 square feet
- 5.45 cap rate under current conditions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,949
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,980
$379.0K
Cap Rate 7%
$270,700
$270.7K
Cap Rate 9%
$210,544
$210.5K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$30.1K $13.92/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$27.1K $12.53/SF
− OpEx
−$8.1K −$3.76/SF
NOI
$18.9K $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%
$378,980
Cap Rate 7%
$270,700
Cap Rate 9%
$210,544
Alternative Uses
Best Use
Multifamily LT 5
$270.7K
$236.9K – $315.8K
NOI $18,949 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$235.1K
$205.7K – $274.3K
NOI $16,459 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$636.9K
$557.3K – $743.0K
NOI $44,582 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
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?
Quadplex - All units are leased under long-term agreements, with electrical metering separation identified as a possible improvement.
Where is this quadplex located?
The property is located at 205 Shady Pl Daytona Beach, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Four residential units, all occupied under long‑term leases; 2,160 square feet; 5.45 cap rate under current conditions
