4-Unit Multifamily
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 Market471
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
Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 5, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
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
2025
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
6883
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
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
community washer/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
Listed By:
DeAnn Yount
(386) 492-7837
Added: Jun 30, 2025
Changed: Oct 8
Last Checked: Oct 13 at 4:06PM
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 2,150-square-foot, 4-unit property was built in 1918 and sits on a 0.25-acre corner lot. The apartments include one three-bedroom unit, one one-bedroom unit, and two studios, each with a kitchen. Three apartments are leased; one studio is vacant. A shared washer and dryer serve the property, and a storage shed provides additional income. The building has frame construction and laminate flooring, with a repaired west wall finished in new siding over a water barrier.
The property is a short walk from the beach and the intracoastal. All four units share one meter, and the building is served by public water and sewer. Off-street parking is available.
The property is a short walk from the beach and the intracoastal. All four units share one meter, and the building is served by public water and sewer. Off-street parking is available.
Key Highlights
- 4 units: one 3‑bedroom, one 1‑bedroom, and two studio apartments
- Three units are leased; one studio is vacant
- 2,150 square feet on a 0.25‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,861
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix combines a three-bedroom apartment, a one-bedroom apartment, and two studio units.
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: 4 units: one 3‑bedroom, one 1‑bedroom, and two studio apartments; Three units are leased; one studio is vacant; 2,150 square feet on a 0.25‑acre corner lot
