Triplex Property for
For Sale
$280,000
237 Desoto Street, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size1,516 SF
Lot Size0.15 Acres
Price / SF$184.70
Days on Market34
Property Features for 237 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
Subdivision
Not on the List
Directions
GPS
Standard status
Active
APN
5238-36-09-0260
Size
1,516 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 26 BLK 9 J A CLEMENTS WEST END SUB ADD MB 2 PGS 146-147 INC MB 17 PGS 107-108 INC PER OR 2281 PG 1671 PER OR 7361 PG 2061 PER OR 7386 PG 0641 PER OR 8516 PG 1550
Tax Annual Amount
3118
Legal Description
38-15-33 LOT 26 BLK 9 J A CLEMENTS WEST END SUB ADD MB 2 PGS 146-147 INC MB 17 PGS 107-108 INC PER OR 2281 PG 1671 PER OR 7361 PG 2061 PER OR 7386 PG 0641 PER OR 8516 PG 1550
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1949
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 26 at 11:06PM
MLS# 1231153
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 1949, this 1,516-square-foot property occupies a 0.15-acre lot. Its existing configuration offers a basis for renovation and potential reworking as a three-unit rental property, subject to buyer verification and any required approvals.
A proposed unit mix comprises a studio, a one-bedroom unit, and a three-bedroom unit. The configuration and approvals should be confirmed by the buyer.
A proposed unit mix comprises a studio, a one-bedroom unit, and a three-bedroom unit. The configuration and approvals should be confirmed by the buyer.
Key Highlights
- 1,516‑square‑foot property on a 0.15‑acre lot
- Built in 1949
- Proposed mix: studio, one‑bedroom unit, and three‑bedroom unit, subject to buyer verification and required approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,299
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,980
$266.0K
Cap Rate 7%
$189,986
$190.0K
Cap Rate 9%
$147,767
$147.8K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$21.1K $13.92/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$19.0K $12.53/SF
− OpEx
−$5.7K −$3.76/SF
NOI
$13.3K $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 Rate 5%
$265,980
Cap Rate 7%
$189,986
Cap Rate 9%
$147,767
Alternative Uses
Best Use
Multifamily LT 5
$190.0K
$166.2K – $221.7K
NOI $13,299 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$165.0K
$144.4K – $192.5K
NOI $11,552 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$447.0K
$391.1K – $521.5K
NOI $31,290 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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 - The existing layout may be reconfigured for three rental units, subject to buyer verification and required approvals.
Where is this triplex located?
The property is located at 237 Desoto Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,516‑square‑foot property on a 0.15‑acre lot; Built in 1949; Proposed mix: studio, one‑bedroom unit, and three‑bedroom unit, subject to buyer verification and required approvals
