Three-Bedroom Duplex
New
For Sale
$225,000
2929 NORDMAN AVENUE, New Smyrna Beach, FL 32168
The residence has three bedrooms and two bathrooms, with no HOA.
Property Size1,361 SF
Price / SF$165.32
Days on Market7
Property Features for 2929 NORDMAN AVENUE
General Information
Standard status
Active
Size
1,361 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Amenities
0.15 acres, Dimensions: 50x130
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 6336-01-00-6070, Public Survey Range: 33E, Public Survey Section: 36, Annual Amount: $3,323.36, Tax Block: 00/6070, Tax Book Number: 10-125, Legal Description: LOT 607 TURNBULL SHORES MB 10 PGS 125-127 INC PER OR 4248 PG 2657 PER OR 6111 PG 1088 PER OR 6895 PG 0828 PER OR 6911 PGS 3274-3275 PER OR 7066 PGS 4589 THRU 4592 INC PER OR 7119 0865 PER OR 7620 PGS 1664-1665 PER OR 8131 PG 1862, Lot: 607, Year: 2025, Zoning: R3
Carpet, Tile
Central Air
Central, Electric
Inside
Listing ID: MFRO6444628, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-10-13, Special Conditions: None
Driveway
3 total bedrooms
Built in 1986, Living area: 1361, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block
Subdivision: TURNBULL SHORES LTS 01-99 INC, MLS Area (Major): 32168 - New Smyrna Beach, County/Parish: Volusia
2 total bathrooms, 2 full bathrooms
Electricity Connected, Public, Water Source: Public
Slab
Close Of Escrow
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Private Yard
Living Room/Dining Room Combo
Range, Refrigerator, Other equipment: Private Yard
Building Details
Year Built
1986
Listing Agency:
KELLER WILLIAMS ADVANTAGE III
(407) 207-0825
Listed By:
Ken Meyer · License #3239036
(407) 921-2118
Source:
Miharaandassociates
Added: Oct 13
Changed: Oct 19
Last Checked: Oct 19 at 11:04AM
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 KELLER WILLIAMS ADVANTAGE III
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This half-duplex residence was built in 1986 and contains 1,361 square feet. Its layout includes three bedrooms and two bathrooms, offering a defined residential configuration within a duplex property.
Key Highlights
- Half‑duplex residence with 3 bedrooms and 2 bathrooms
- 1,361 square feet of living area
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,371
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,420
$207.4K
Cap Rate 7%
$148,157
$148.2K
Cap Rate 9%
$115,233
$115.2K
Market Conditions
NOI Build-Up for 1,361 SF
Gross rent
$21.1K $15.48/SF
− Vacancy
−$2.2K −$1.63/SF
EGI
$18.9K $13.85/SF
− OpEx
−$8.5K −$6.23/SF
NOI
$10.4K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,420
Cap Rate 7%
$148,157
Cap Rate 9%
$115,233
Alternative Uses
Best Use
Apartment 5plus
$148.2K
$129.6K – $172.9K
NOI $10,371 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.3K
$351.1K – $468.2K
NOI $28,091 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The residence has three bedrooms and two bathrooms, with no HOA.
Where is this residential income property located?
The property is located at 2929 NORDMAN AVENUE New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Half‑duplex residence with 3 bedrooms and 2 bathrooms; 1,361 square feet of living area; Built in 1986
