3-Unit Triplex with Screened
For Sale
$290,000
233 Desoto Street, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size1,887 SF
Lot Size0.15 Acres
Price / SF$153.68
Days on Market34
Property Features for 233 Desoto Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
On Street, Driveway
Subdivision
Not on the List
Elementary school
Beachside
Middle school
Campbell
High school
Seabreeze
Directions
GPS
Standard status
Active
APN
5238-36-09-0250
Size
1,887 SF
Lot size
0.15 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 25 BLK 9 J A CLEMENTS WEST END ADD DAYTONA MB 2 PGS 146-147 INC MB 17 PGS 107-108 INC PER OR 7497 PG 4623 PER OR 7503 PG 3789 PER OR 7795 PG 1237 PER OR 8518 PG 1058
Tax Annual Amount
4287
Legal Description
38-15-33 LOT 25 BLK 9 J A CLEMENTS WEST END ADD DAYTONA MB 2 PGS 146-147 INC MB 17 PGS 107-108 INC PER OR 7497 PG 4623 PER OR 7503 PG 3789 PER OR 7795 PG 1237 PER OR 8518 PG 1058
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
screened porch
yard
Building Details
Year built
1959
Number of units
3
Listing Agency:
Charles Rutenberg Realty Fort Lauderdale
(954) 396-3001
Listed By:
Joel McClintock
(561) 827-6424
Added: Sep 24
Changed: Oct 23
Last Checked: Oct 27 at 12:06AM
MLS# 1231152
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.
This vacant triplex contains 1,887 square feet across three separately metered units on a 0.15-acre lot. Built in 1959, the property includes a screened porch and yard. Improvements are needed, giving the next owner room to carry out updates across the units.
Public water and sewer serve the property. Parking options include a driveway and on-street spaces.
Public water and sewer serve the property. Parking options include a driveway and on-street spaces.
Key Highlights
- Three separately metered units in a vacant triplex
- 1,887 square feet on a 0.15‑acre lot
- Built in 1959; property needs improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,554
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,080
$331.1K
Cap Rate 7%
$236,486
$236.5K
Cap Rate 9%
$183,933
$183.9K
Market Conditions
NOI Build-Up for 1,887 SF
Gross rent
$26.3K $13.92/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$23.6K $12.53/SF
− OpEx
−$7.1K −$3.76/SF
NOI
$16.6K $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%
$331,080
Cap Rate 7%
$236,486
Cap Rate 9%
$183,933
Alternative Uses
Best Use
Multifamily LT 5
$236.5K
$206.9K – $275.9K
NOI $16,554 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$205.4K
$179.7K – $239.7K
NOI $14,379 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$556.4K
$486.9K – $649.1K
NOI $38,948 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
807
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?
Triplex - Three separately metered units are served by public water and sewer, with driveway and street parking options.
Where is this triplex located?
The property is located at 233 Desoto Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Three separately metered units in a vacant triplex; 1,887 square feet on a 0.15‑acre lot; Built in 1959; property needs improvements
