Four-Unit Apartment
For Sale
$449,900
312 FRANCES TER, Daytona Beach, FL 32118
A varied unit mix includes a three-bedroom apartment, a one-bedroom apartment, and two studio units with kitchens.
Property Size2,220 SF
Price / SF$202.66
Days on Market197
Property Features for 312 FRANCES TER
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$6,883
Building Details
Building Size
2,220 SF
Year Built
1918
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Apr 17
Changed: Oct 27
Last Checked: Oct 27 at 4:19AM
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 Coastal Ventures Real Estate
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 four-unit property contains a three-bedroom apartment, an upstairs one-bedroom apartment, and two studio apartments with kitchens. One studio is vacant, while the other three units are rented. A community washer and dryer serve the property, and a storage shed provides additional income. The building measures 2,220 square feet and was built in 1918.
The property sits on a corner lot in Daytona Beach, with the beach and Intracoastal within a short walk. One meter serves all four units.
The property sits on a corner lot in Daytona Beach, with the beach and Intracoastal within a short walk. One meter serves all four units.
Key Highlights
- Four units: one 3 BR, one 1‑BR, and two studio apartments with kitchens
- Three units rented; one studio vacant
- 2,220‑square‑foot property built in 1918
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,475
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,500
$389.5K
Cap Rate 7%
$278,214
$278.2K
Cap Rate 9%
$216,389
$216.4K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$30.9K $13.92/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$27.8K $12.53/SF
− OpEx
−$8.3K −$3.76/SF
NOI
$19.5K $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%
$389,500
Cap Rate 7%
$278,214
Cap Rate 9%
$216,389
Alternative Uses
Best Use
Multifamily LT 5
$278.2K
$243.4K – $324.6K
NOI $19,475 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$654.6K
$572.8K – $763.7K
NOI $45,821 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A varied unit mix includes a three-bedroom apartment, a one-bedroom apartment, and two studio units with kitchens.
Where is this quadplex located?
The property is located at 312 FRANCES TER Daytona Beach, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Four units: one 3 BR, one 1‑BR, and two studio apartments with kitchens; Three units rented; one studio vacant; 2,220‑square‑foot property built in 1918
