Updated Furnished
244 LEXINGTON Drive Daytona Beach, FL 32114
244 LEXINGTON Drive, Daytona Beach, FL, 32114
$675,900
For Sale
$675,900
MULTI_FAMILY - DAYTONA BEACH, FL
Property Size2,198 SF
Lot Size0.11 Acres
Price / SF$307.51
Days on Market15
Property Features for 244 LEXINGTON Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- MFR<10
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Dining Room, Bedroom 4, Bedroom 5
- Pets allowed
- Cats OK, Dogs OK
- Interior features
- Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Thermostat, Window Treatments
- Exterior features
- Fence, Private Mailbox, Private Yard
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Cooktop, Dishwasher, Dryer, Electric Water Heater, Freezer, Refrigerator, Washer
- Standard status
- Active
- APN
- 533806000230
- Size
- 2,198 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 38-15-33 LOT 23 VIRGINIA PARK MB 6 PG 55 MB 18 PG 57 PER OR 5259 PGS 2664-2668 INC PER OR 7694 PG 1258 PER OR 7718 PG 2068 PER OR 7801 PG 2693 PER OR 7827 PG 2583
- Tax Annual Amount
- 3869
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1941
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing agency
GRAND LIVING REALTY
(386) 447-0800
Listed by
Jennifer Swanson · License #3501855
(904) 238-9368
Added: Jul 8 Updated: Jul 20 at 9:12PM Checked: Jul 22 at 2:06PM
MLS# FC319866
Copyright © 2026 Stellar MLS. 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.
Updated and fully furnished duplex offering two complete residences, each featuring three bedrooms, one full bathroom, a full kitchen, indoor laundry, and a private entrance. The upstairs unit is currently leased through March 2027, while the downstairs unit is vacant and available for owner occupancy or a new tenant.
Outdoor space includes a large front patio and a private side deck with room for outdoor dining and entertaining. Off-street parking is supported by a four-car driveway. The property also offers peeks of the Halifax River.
Located in Daytona Beach near Halifax Harbor Marina, public boat ramps, City Island Park, the Riverfront Esplanade, downtown Daytona Beach, local restaurants, waterfront activities, and the Atlantic Ocean. The Daytona Beach Boardwalk and Pier are approximately two miles away.
Outdoor space includes a large front patio and a private side deck with room for outdoor dining and entertaining. Off-street parking is supported by a four-car driveway. The property also offers peeks of the Halifax River.
Located in Daytona Beach near Halifax Harbor Marina, public boat ramps, City Island Park, the Riverfront Esplanade, downtown Daytona Beach, local restaurants, waterfront activities, and the Atlantic Ocean. The Daytona Beach Boardwalk and Pier are approximately two miles away.
Key Highlights
- Duplex built in 1941 with two separate residences, each featuring 3 bedrooms and 1 full bathroom
- Each unit includes a full kitchen, indoor laundry, and a private entrance
- Upstairs unit is currently leased through March 2027 for immediate rental income
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 | $30.6k | $13.92 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $27.5k | $12.53 |
| − OpEx | −$8.3k | −$3.76 |
| NOI | $19.3k | $8.77 |
2,198 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.5K
$241.0K – $321.4K
NOI $19,282 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$239.3K
$209.4K – $279.2K
NOI $16,749 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$648.1K
$567.1K – $756.1K
NOI $45,367 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two private entrances, each unit with three bedrooms, one full bath, full kitchen, and indoor laundry.
Where is this duplex located?
The property is located at 244 LEXINGTON Drive Daytona Beach, FL.
What is the asking price?
The asking price for this property is $675,900.
What are key features of this property?
This property features: Duplex built in 1941 with two separate residences, each featuring 3 bedrooms and 1 full bathroom; Each unit includes a full kitchen, indoor laundry, and a private entrance; Upstairs unit is currently leased through March 2027 for immediate rental income
