Daytona Beach Duplex with Shared
For Sale
$299,900
224 KINGSTON AVENUE, Daytona Beach, FL 32114
Two residences provide separate living spaces with flexible options for occupancy, rental use, or extended-family arrangements.
Property Size1,400 SF
Price / SF$214.21
Days on Market15
Property Features for 224 KINGSTON AVENUE
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
2
Amenities
enclosed porch
ceiling fans
window-unit cooling
indoor laundry
hardwood floors
built-in bookshelves
partially fenced yard
Building Details
Year Built
1939
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Tony Tate, PLLC · License #3476607
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 10
Changed: Sep 21
Last Checked: Sep 21 at 5:45AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex, built in 1939, contains two separate residences with distinct interior character. The first-floor unit includes tile flooring, newer windows, an updated bathroom, ceiling fans, window-unit cooling, recessed lighting, indoor laundry, and a primary bedroom with double closets. Its enclosed porch adds usable interior area. Upstairs, original hardwood flooring, built-in hallway shelving, and a concealed bookcase entry contribute to the unit’s individual design. The flexible room beyond the bookcase may function as an office, reading room, hobby area, or bedroom, while a separate storage space is plumbed for a washer.
The property is located at 224 Kingston Avenue in Daytona Beach. The Beachside Seabreeze Historic District and Downtown Beach Street restaurants, shops, and entertainment are approximately five minutes away. Daytona International Speedway and Tanger Outlets are approximately 15 minutes away. A large, partially fenced shared yard provides outdoor space for gardening, grilling, seating, or recreation.
The property is located at 224 Kingston Avenue in Daytona Beach. The Beachside Seabreeze Historic District and Downtown Beach Street restaurants, shops, and entertainment are approximately five minutes away. Daytona International Speedway and Tanger Outlets are approximately 15 minutes away. A large, partially fenced shared yard provides outdoor space for gardening, grilling, seating, or recreation.
Key Highlights
- 1,400 SF duplex with two separate residences
- Built in 1939
- First‑floor residence includes updated bathroom, newer windows, indoor laundry, and double‑closet primary bedroom
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
$12,282
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
4.10%
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%
$245,640
$245.6K
Cap Rate 7%
$175,457
$175.5K
Cap Rate 9%
$136,467
$136.5K
Market Conditions
NOI Build-Up for 1,400 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
$19.5K $13.92/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$17.5K $12.53/SF
− OpEx
−$5.3K −$3.76/SF
NOI
$12.3K $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%
$245,640
Cap Rate 7%
$175,457
Cap Rate 9%
$136,467
Alternative Uses
Best Use
Multifamily LT 5
$175.5K
$153.5K – $204.7K
NOI $12,282 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$152.4K
$133.4K – $177.8K
NOI $10,668 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$412.8K
$361.2K – $481.6K
NOI $28,896 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
987
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate living spaces with flexible options for occupancy, rental use, or extended-family arrangements.
Where is this duplex located?
The property is located at 224 KINGSTON AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,400 SF duplex with two separate residences; Built in 1939; First‑floor residence includes updated bathroom, newer windows, indoor laundry, and double‑closet primary bedroom
