Three-Bedroom Half-Duplex
For Sale
$225,000
2929 NORDMAN Avenue, New Smyrna Beach, FL 32168
Residential, NEW SMYRNA BEACH, FL
Property Size1,361 SF
Lot Size0.15 Acres
Price / SF$165.32
Days on Market24
Property Features for 2929 NORDMAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Dining Room, Bedroom 1
Parking features
Driveway
Interior features
Living Room/Dining Room Combo
Exterior features
Private Yard
Appliances
Range, Refrigerator
Subdivision
TURNBULL SHORES LTS 01-99 INC
Directions
US1 north from Canal Street, 3.6 miles to Art Center Ave., turn left to Nordman, turn left to property.
Standard status
Active
APN
6336-01-00-6070
Size
1,361 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
3323
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
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ADVANTAGE III · Keller Williams Realty
(407) 207-0825
Listed By:
Ken Meyer · License #3239036
(407) 921-2118
Added: Sep 23
Changed: Oct 16
Last Checked: Oct 16 at 1:06PM
MLS# O6444628
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.
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Investment Insights
Based on property information with market context.
This half-duplex residence in New Smyrna Beach has 3 bedrooms and 2 bathrooms across 1,361 square feet. The 0.15-acre property was built in 1986 and is zoned R3. A combined living and dining room, tile and carpet flooring, and a private yard are among its features. The home is constructed of block and has central electric heat and central air conditioning.
A driveway provides on-site parking. Public water and public sewer serve the property. The kitchen includes a range and refrigerator.
A driveway provides on-site parking. Public water and public sewer serve the property. The kitchen includes a range and refrigerator.
Key Highlights
- Half‑duplex residence with 3 bedrooms and 2 bathrooms
- 1,361 square feet on a 0.15‑acre lot
- R3 zoning
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.
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Open Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1986 residence includes a private yard and has no homeowners association.
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 on a 0.15‑acre lot; R3 zoning
