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Remodeled Six-Unit Apartment Community
New
For Sale
$1,445,000

305 MARY, New Smyrna Beach, FL 32168

Fully occupied community with varied residential layouts, updated interiors, and dedicated off-street parking for residents.

Property Size4,000 SF
Days on Market4

Property Features for 305 MARY

General Information

Standard status Active
Size 4,000 SF
Property subtype Investment
Occupancy 100%

Units

Unit Mix 3 x 1BR cottage, 1 x 2BR home, 2 x studio
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $9,359

Amenities

granite countertops
solid wood cabinets
inside washer/dryers
private off street parking

Building Details

Building Size 4,000 SF
Year Built 1937
Listing Agency: SOUTHERN HOME REALTY LLC
Listed By: Laura Hodges
Source: Elliman
Added: Aug 15 Changed: Aug 16 Last Checked: Aug 18 at 8:32AM

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 SOUTHERN HOME REALTY LLC

Investment Insights

Based on property information with market context.

This six-unit apartment community includes three one-bedroom cottages, one two-bedroom single-family home, and two studio apartments located on the second floor. The units have been remodeled with granite countertops, solid wood cabinets, and in-unit washers and dryers. The property was built in 1937 and provides private off-street parking for all residents.

The community is located at 305 Mary in New Smyrna Beach, near Riverside Drive and downtown Canal Street. Its mix of cottage, house, and studio layouts creates a varied residential configuration within one property, while current full occupancy provides an established operating profile.

Key Highlights

  • Six‑unit community with three one‑bedroom cottages, one two‑bedroom home, and two second‑floor studios
  • All units remodeled with granite countertops and solid wood cabinets
  • In‑unit washers and dryers

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Pharmacy Bakery (Bike/Boat/Book/etc) Store Daycare Center Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,410
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied community with varied residential layouts, updated interiors, and dedicated off-street parking for residents.
Where is this apartment building located?
The property is located at 305 MARY New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: Six‑unit community with three one‑bedroom cottages, one two‑bedroom home, and two second‑floor studios; All units remodeled with granite countertops and solid wood cabinets; In‑unit washers and dryers
More about this property
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