Historic Themed Duplex
312 N Wild Olive Avenue Daytona Beach, FL 32118
For Sale
Contact for pricing
Up/down duplex with two 1-bedroom units, updated exterior elements, private deck, and yard; both units currently occupied.
Property Size2,128 SF
Price / SF$93.94
Days on Market388
Property Features for 312 N Wild Olive Avenue
General Information
- Standard status
- Active
- Size
- 2,128 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1920
Listing Agency:
Coldwell Banker Premier Properties
(386) 383-3690
Listed By:
Tina Turner · License #3058114
Source:
Crexi
Added: Jul 2, 2025
Changed: Jul 21
Last Checked: Jul 23 at 10:07AM
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 Coldwell Banker Premier Properties
Investment Insights
Based on property information with market context.
This historic-themed up/down duplex includes two separate 1-bedroom units. The exterior features vinyl plastic siding and newer windows, with the exact age of other components unknown. The upstairs unit offers large, bright windows, an oversized living room, and hardwood flooring that may be restorable. The downstairs unit has an open layout with clay tile flooring, a private deck, and a back yard area. Garage space is partially blocked off and used as storage, but may be convertible back to garage use, and there is also driveway parking.
The property is located in downtown Daytona Beachside, approximately two blocks from the ocean. Both units are currently occupied on month-to-month terms, and the seller reports reduced rents. Tenants are interested in staying if terms can be arranged. Closing is described as possible on an immediate basis, and inspection reports are available by request.
The property is noted as non-conforming and requires substantial work. The remarks state that traditional conventional financing is not possible, and short-term rentals are not allowed.
The property is located in downtown Daytona Beachside, approximately two blocks from the ocean. Both units are currently occupied on month-to-month terms, and the seller reports reduced rents. Tenants are interested in staying if terms can be arranged. Closing is described as possible on an immediate basis, and inspection reports are available by request.
The property is noted as non-conforming and requires substantial work. The remarks state that traditional conventional financing is not possible, and short-term rentals are not allowed.
Key Highlights
- 1920‑built downtown Daytona Beachside up/down duplex with two 1‑bedroom units
- Both units are currently occupied on MTM with reduced rents; tenants wish to stay if terms can be worked out
- Upstairs unit features large bright windows, an oversized living room, and hardwood flooring (can likely be restored)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $15.48 |
| − Vacancy | −$3.5k | −$1.63 |
| EGI | $29.5k | $13.85 |
| − OpEx | −$13.3k | −$6.23 |
| NOI | $16.2k | $7.62 |
2,128 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.7K
$233.4K – $311.1K
NOI $18,668 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$231.6K
$202.7K – $270.3K
NOI $16,215 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$627.5K
$549.0K – $732.0K
NOI $43,922 @ 7.0% cap · market cap 21.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Up/down duplex with two 1-bedroom units, updated exterior elements, private deck, and yard; both units currently occupied.
Where is this duplex located?
The property is located at 312 N Wild Olive Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1920‑built downtown Daytona Beachside up/down duplex with two 1‑bedroom units; Both units are currently occupied on MTM with reduced rents; tenants wish to stay if terms can be worked out; Upstairs unit features large bright windows, an oversized living room, and hardwood flooring (can likely be restored)
