Four-Unit Quadplex
For Sale
$480,000
Pending
305 CAVANAH DRIVE, Daytona Beach, FL 32117
Two buildings offer varied unit layouts, separate utility metering, and fenced outdoor areas for each residence.
Property Size4,600 SF
Days on Market541
Property Features for 305 CAVANAH DRIVE
General Information
Standard status
Pending
Size
4,600 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,528
Building Details
Year Built
1976
Listing Agency:
RE/MAX SIGNATURE
(386) 236-0760
Listed By:
Walter Borgen · License #691503
(386) 334-4809
Source:
Exitrealty
Added: Apr 25, 2025
Changed: Oct 1
Last Checked: Oct 12 at 7:15PM
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 RE/MAX SIGNATURE
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Investment Insights
Based on property information with market context.
This 4,600-square-foot quadplex comprises two buildings with four residential units. Units A and B each feature two bedrooms, 1.5 bathrooms, an eat-in kitchen, and an open or combined living and dining area; Unit A also includes a bonus room and a one-car garage, while Unit B includes a one-car garage. Units C and D each provide two bedrooms, one bathroom, separate living and dining rooms, and a galley kitchen.
Washer and dryer hookups are provided in all units. Each residence has separate electric and water meters, along with its own fenced backyard. The property was built in 1976.
Washer and dryer hookups are provided in all units. Each residence has separate electric and water meters, along with its own fenced backyard. The property was built in 1976.
Key Highlights
- Two‑building quadplex configuration with four residential units
- 4,600 square feet of property area
- Units A and B include 2 bedrooms, 1.5 bathrooms, eat‑in kitchens, and one‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,354
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,080
$807.1K
Cap Rate 7%
$576,486
$576.5K
Cap Rate 9%
$448,378
$448.4K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$64.0K $13.92/SF
− Vacancy
−$6.4K −$1.39/SF
EGI
$57.6K $12.53/SF
− OpEx
−$17.3K −$3.76/SF
NOI
$40.4K $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%
$807,080
Cap Rate 7%
$576,486
Cap Rate 9%
$448,378
Alternative Uses
Best Use
Multifamily LT 5
$576.5K
$504.4K – $672.6K
NOI $40,354 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$500.7K
$438.2K – $584.2K
NOI $35,052 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,944 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings offer varied unit layouts, separate utility metering, and fenced outdoor areas for each residence.
Where is this quadplex located?
The property is located at 305 CAVANAH DRIVE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑building quadplex configuration with four residential units; 4,600 square feet of property area; Units A and B include 2 bedrooms, 1.5 bathrooms, eat‑in kitchens, and one‑car garages
