Leased Daytona Beach
For Sale
$449,900
312 Frances Terrace, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size2,150 SF
Lot Size0.25 Acres
Price / SF$209.26
Days on Market426
Property Features for 312 Frances Terrace
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Multi Family
Bedrooms
4
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 5, Bathroom 4, Bathroom 1
Parking
4
Parking features
Off Street
Appliances
Washer, Refrigerator, Gas Oven, Dryer
Subdivision
Hustons
Lot features
Corner Lot
Directions
I-95 & Intl Speedway.....East on ISB to Peninsula. south to 312 Frances
Standard status
Active
APN
5309-15-01-0058
Size
2,150 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
9-15-33 PART OF LOT 5 E OF PENINSULA DR BEING W149 FT ON N/L & 100 FT ON S/L OF S 98.62 FT MEAS ON PENINSULA DR BLK 1 LD HUSTON SUB DB P PG 583 DB 540 PG 203 MB 14 PG 42 PER OR 4777 PG 0832 PER OR 5551 PGS 2523-2524 PER OR 6619 PG 1964 PER OR 6625 PG 2117
Tax Annual Amount
6768
Legal Description
9-15-33 PART OF LOT 5 E OF PENINSULA DR BEING W149 FT ON N/L & 100 FT ON S/L OF S 98.62 FT MEAS ON PENINSULA DR BLK 1 LD HUSTON SUB DB P PG 583 DB 540 PG 203 MB 14 PG 42 PER OR 4777 PG 0832 PER OR 5551 PGS 2523-2524 PER OR 6619 PG 1964 PER OR 6625 PG 2117
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
community washer and dryer
Building Details
Year built
1918
Floors in Building
2
Number of units
4
Flooring type
Laminate
Building materials
Frame
Listing Agency:
Next Gen Realty
(386) 492-7837
Listed By:
DeAnn Yount
(386) 492-7837
Added: Jun 30, 2025
Changed: Aug 26
Last Checked: Aug 29 at 1:06PM
MLS# 1215123
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Daytona Beach quadplex contains 2,150 square feet across four leased units: a three-bedroom lower-level residence, an upstairs one-bedroom unit, and two studio apartments with kitchen areas. Two occupants are described as long-term tenants. The property includes a shared, non-coin-operated washer and dryer, refrigerators, gas ovens, and off-street parking. Frame construction, laminate flooring, and wall or window unit cooling serve the building. A storage shed provides an additional income source, while the repaired west wall has new siding and a water barrier.
Situated on a 0.25-acre corner parcel at 312 Frances Terrace, the property is within a short walk of the beach and Intracoastal. Public water and public sewer serve the site, and one meter supplies all four units.
Situated on a 0.25-acre corner parcel at 312 Frances Terrace, the property is within a short walk of the beach and Intracoastal. Public water and public sewer serve the site, and one meter supplies all four units.
Key Highlights
- Four leased units totaling 2,150 square feet
- Unit mix includes 3 BR, 1 BR, and 2 studio apartments
- 0.25‑acre corner lot at 312 Frances Terrace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,861
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,220
$377.2K
Cap Rate 7%
$269,443
$269.4K
Cap Rate 9%
$209,567
$209.6K
Market Conditions
NOI Build-Up for 2,150 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.9K $13.92/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$26.9K $12.53/SF
− OpEx
−$8.1K −$3.76/SF
NOI
$18.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,220
Cap Rate 7%
$269,443
Cap Rate 9%
$209,567
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.8K – $314.4K
NOI $18,861 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$234.0K
$204.8K – $273.1K
NOI $16,383 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$633.9K
$554.7K – $739.6K
NOI $44,376 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with varied floor plans, shared laundry, off-street parking, and public water and sewer.
Where is this quadplex located?
The property is located at 312 Frances Terrace 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 leased units totaling 2,150 square feet; Unit mix includes 3 BR, 1 BR, and 2 studio apartments; 0.25‑acre corner lot at 312 Frances Terrace
