Hotel with 26 Residential
For Sale
$1,250,000
209 S Ridgewood Avenue, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size10,600 SF
Lot Size0.50 Acres
Price / SF$117.92
Days on Market138
Property Features for 209 S Ridgewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 7, Bedroom 3, Bathroom 3, Bathroom 8, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 5
Parking features
Off Street
Subdivision
Hodgmans
Directions
W. International Speedway Blvd to south on Ridgewood ave.
Standard status
Active
APN
533901100053
Size
10,600 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
39-15-33 N 1/2 OF W 196 FT OF LOT 5 BLK 10 & SW 1/4 OF LOT 5 BLK 10 HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 44 30 PG 3653 PER OR 6356 PGS 2539-2541 PER 6881 PGS 2963-2964
Tax Annual Amount
17862
Legal Description
39-15-33 N 1/2 OF W 196 FT OF LOT 5 BLK 10 & SW 1/4 OF LOT 5 BLK 10 HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 44 30 PG 3653 PER OR 6356 PGS 2539-2541 PER 6881 PGS 2963-2964
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1915
Number of units
26
Listing Agency:
Vincenza Realty
(386) 238-6269
Listed By:
Vincenza Costa
(386) 334-0741
Added: Jun 8
Changed: Oct 9
Last Checked: Oct 23 at 1:06PM
MLS# 1227324
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.
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Investment Insights
Based on property information with market context.
Built in 1915, this hotel property includes 26 residential units, including three suites that can be separated into two rooms. The manager’s suite is configured as a two-bedroom, two-bath apartment. The property measures 10,600 square feet across two parcels and includes 14 off-street parking spaces. Cooling is provided by window and wall/window units.
Occupancy is centered on weekly and monthly rentals, with 20 rooms currently rented and minimal vacancy reported. The property has been partially renovated and inspected by the city, while additional work may remain. Its 110 feet of frontage along US1/Ridgewood Avenue places it within walking distance of groceries, restaurants, shopping, downtown Daytona Beach, the Daytona Beach Library, and marinas.
Occupancy is centered on weekly and monthly rentals, with 20 rooms currently rented and minimal vacancy reported. The property has been partially renovated and inspected by the city, while additional work may remain. Its 110 feet of frontage along US1/Ridgewood Avenue places it within walking distance of groceries, restaurants, shopping, downtown Daytona Beach, the Daytona Beach Library, and marinas.
Key Highlights
- 26 residential units, including 3 suites that can be separated into two rooms
- 10,600 square feet across 2 parcels on 0.5 acres
- 20 rooms currently rented with minimal vacancy reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,772
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,615,440
$1.6M
Cap Rate 7%
$1,153,886
$1.2M
Cap Rate 9%
$897,467
$897.5K
Market Conditions
NOI Build-Up for 10,600 SF
Gross rent
$164.1K $15.48/SF
− Vacancy
−$17.2K −$1.63/SF
EGI
$146.9K $13.85/SF
− OpEx
−$66.1K −$6.23/SF
NOI
$80.8K $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%
$1,615,440
Cap Rate 7%
$1,153,886
Cap Rate 9%
$897,467
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,772 @ 7.0% cap · market cap 6.46%
Second Best
Hotel Hospitality
$543.8K
$475.8K – $634.4K
NOI $38,065 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$3.13M
$2.73M – $3.65M
NOI $218,784 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
26
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Hotel - Fully leased lodging property serving primarily weekly and monthly occupants, with off-street parking and a manager’s apartment.
Where is this hotel located?
The property is located at 209 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 26 residential units, including 3 suites that can be separated into two rooms; 10,600 square feet across 2 parcels on 0.5 acres; 20 rooms currently rented with minimal vacancy reported
