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Daytona Beach Duplex Investment Opportunity

215 S Oleander Avenue Daytona Beach, FL 32118

215 S Oleander Avenue, Daytona Beach, FL, 32118
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Beachside duplex with renovation potential in Daytona Beach, Florida.

Property Size1,590 SF
Price / SF$103.77
AddedMay 25
Days on Market52
Last RefreshMay 27 at 8:26 am

Property Features for 215 S Oleander Avenue

General Information

Standard status
Active
Size
1,590 SF
Property subtype
Multifamily, Land

Building Details

Year Built
1908

Listing office Realty One Group Evolve

Listing date May 25, 2026

Source Crexi

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 Realty One Group Evolve


Investment Insights

Based on property information with market context.

This 1,442 sq ft duplex is located in Daytona Beach's 32118 zip code. The property features a unit with 1 bedroom and 1 bathroom, and another unit with 2 bedrooms and 2 bathrooms, providing flexible living arrangements. Major improvements to the roof, plumbing, and electrical systems were completed in 2015. The property is being sold as-is and is an ideal candidate for renovation. It is located minutes from the beach, Daytona Boardwalk, Ocean Center, shopping, dining, and entertainment. The property offers potential for renovation, rental income, or multi-generational living near the coast. The property size is 1590 sq ft.

Key Highlights

  • Rare beachside location in desirable Daytona Beach 32118 zip code.
  • Duplex configuration (1/1 and 2/2 units) offers flexible living/rental options.
  • Strong income potential for investors or owner occupants.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $22.1k $13.92
− Vacancy −$2.2k −$1.39
EGI $19.9k $12.53
− OpEx −$6.0k −$3.76
NOI $13.9k $8.77
1,590 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$199.3K
$174.4K – $232.5K (±1% cap)
NOI $13,948 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$173.1K
$151.5K – $201.9K (±1% cap)
NOI $12,116 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$468.8K
$410.2K – $547.0K (±1% cap)
NOI $32,818 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Locksmith Furniture & Home Goods Electrical Service Nail Salon Acupuncture Florist Daycare Center Pet Store Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Beachside duplex with renovation potential in Daytona Beach, Florida.
Where is this duplex located?
The property is located at 215 S Oleander Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Rare beachside location in desirable Daytona Beach 32118 zip code.; Duplex configuration (1/1 and 2/2 units) offers flexible living/rental options.; Strong income potential for investors or owner occupants.
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