Renovated Duplex with Two
264 Laws Ln, Ormond Beach, FL 32174
For Sale
$309,000
Two updated residences provide flexible occupancy options in an Ormond Beach setting near the beach.
Property Size1,266 SF
Price / SF$244.08
Days on Market62
Property Features for 264 Laws Ln
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Beycome Of Florida LLC
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 6:10AM
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 Beycome Of Florida LLC
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath residences within a 1,266-square-foot property built in 1964. Both units have received extensive updates, including new roofs, windows, air-conditioning systems, flooring, interior and exterior paint, kitchens, bathrooms, and electrical panels. The improvements create separate, move-in-ready living spaces with updated major systems.
Located at 264 Laws Ln in Ormond Beach, the property is just minutes from the beach. The two-unit configuration supports separate household use, multigenerational living, or occupancy of one residence while the other is rented, as supported by the property's layout.
Located at 264 Laws Ln in Ormond Beach, the property is just minutes from the beach. The two-unit configuration supports separate household use, multigenerational living, or occupancy of one residence while the other is rented, as supported by the property's layout.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,266‑square‑foot duplex built in 1964
- New roofs, windows, and A/C systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,106
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,120
$222.1K
Cap Rate 7%
$158,657
$158.7K
Cap Rate 9%
$123,400
$123.4K
Market Conditions
NOI Build-Up for 1,266 SF
Gross rent
$17.6K $13.92/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$15.9K $12.53/SF
− OpEx
−$4.8K −$3.76/SF
NOI
$11.1K $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%
$222,120
Cap Rate 7%
$158,657
Cap Rate 9%
$123,400
Alternative Uses
Best Use
Multifamily LT 5
$158.7K
$138.8K – $185.1K
NOI $11,106 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$137.8K
$120.6K – $160.8K
NOI $9,647 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$373.3K
$326.6K – $435.5K
NOI $26,130 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
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Business Placement
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Volusia County, FL
Properties on Market for Duplexes in Volusia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences provide flexible occupancy options in an Ormond Beach setting near the beach.
Where is this duplex located?
The property is located at 264 Laws Ln Ormond Beach, FL.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,266‑square‑foot duplex built in 1964; New roofs, windows, and A/C systems
