Renovated Triplex with Separate
New
For Sale
$429,900
213/215 Live Oak Avenue, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size2,512 SF
Lot Size0.09 Acres
Price / SF$171.14
Days on Market4
Property Features for 213/215 Live Oak Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Multi Family
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 4, Bathroom 3, Bathroom 2
Parking
3
Parking features
Assigned, Off Street
Exterior features
Balcony
Fencing
Privacy
Appliances
Washer/Dryer Stacked, Refrigerator, Microwave, Electric Range, Electric Oven
Subdivision
South Beach
View
City
Elementary school
Turie T Small
Middle school
Campbell
High school
Mainland
Directions
US 1 south from International Speedway to Orange Ave, turn left. Turn right on Palmetto, right on Live Oak, property on left.
Standard status
Active
APN
5339-13-00-0051
Size
2,512 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39-15-33 E 21 FT OF LOT 5 & LOT 6 EXC E 43 FT ON N/L & 40 FT ON S/L THOMPSONS SUB MB 4 PG 177 MB 15 PG 160 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PGS 13-15 PER OR 2280 PG 1249 PER OR 8781 PG 3567
Tax Annual Amount
2100
Legal Description
39-15-33 E 21 FT OF LOT 5 & LOT 6 EXC E 43 FT ON N/L & 40 FT ON S/L THOMPSONS SUB MB 4 PG 177 MB 15 PG 160 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PGS 13-15 PER OR 2280 PG 1249 PER OR 8781 PG 3567
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Flooring type
Tile
Building materials
Board & Batten Siding
Roof type
Shingle
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 673-2100
Listed By:
Chad T Shultz
(928) 242-1990
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 21 at 7:06PM
MLS# 1231010
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 triplex contains 2,512 square feet across two front residences and a detached rear unit. Each front unit is approximately 860 square feet with 2 bedrooms and 1 bathroom, while the rear unit measures 792 square feet and includes 3 bedrooms and 2 bathrooms. Renovations include new appliances, mini-split systems, updated plumbing, windows in a front unit, LVP flooring, granite kitchens, and tile bathrooms. The property also includes assigned and off-street parking, privacy fencing, a balcony, public water, and public sewer.
Located at 213/215 Live Oak Avenue in Daytona Beach, the property is near the Daytona historic area, the yacht club, and Beach St. The location is across US1 from the new Daytona Beach Fire Headquarters. Both front units were rented long-term at the time of listing, with management in place at 8 percent. The rear unit is available for rent, and the property is in an approved short-term rental zone.
Located at 213/215 Live Oak Avenue in Daytona Beach, the property is near the Daytona historic area, the yacht club, and Beach St. The location is across US1 from the new Daytona Beach Fire Headquarters. Both front units were rented long-term at the time of listing, with management in place at 8 percent. The rear unit is available for rent, and the property is in an approved short-term rental zone.
Key Highlights
- 2,512‑square‑foot triplex on 0.09 acres
- Two front units are approximately 860 square feet each; rear unit is 792 square feet
- Front units each offer 2BR/1BA; rear unit offers 3BR/2BA
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
$22,037
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
5.13%
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%
$440,740
$440.7K
Cap Rate 7%
$314,814
$314.8K
Cap Rate 9%
$244,856
$244.9K
Market Conditions
NOI Build-Up for 2,512 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
$35.0K $13.92/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$31.5K $12.53/SF
− OpEx
−$9.4K −$3.76/SF
NOI
$22.0K $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%
$440,740
Cap Rate 7%
$314,814
Cap Rate 9%
$244,856
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.5K – $367.3K
NOI $22,037 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$273.5K
$239.3K – $319.0K
NOI $19,142 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$740.7K
$648.1K – $864.1K
NOI $51,848 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,555
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
Check the figures for this property
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?
Triplex - Three-unit property with two-bedroom front residences, a larger rear unit, and approved short-term rental zoning.
Where is this triplex located?
The property is located at 213/215 Live Oak Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2,512‑square‑foot triplex on 0.09 acres; Two front units are approximately 860 square feet each; rear unit is 792 square feet; Front units each offer 2BR/1BA; rear unit offers 3BR/2BA
