Three-Unit Multifamily Income
314 University Boulevard Daytona Beach, FL 32118
314 University Boulevard, Daytona Beach, FL, 32118
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For Sale
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Triplex with three apartments, including two two-bedroom units and one potentially convertible to three bedrooms.
Property Size3,206 SF
Price / SF$171.55
Days on Market142
Property Features for 314 University Boulevard
General Information
- Standard status
- Active
- Size
- 3,206 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1923
Listing agency
Vincenza Realty
(386) 334-0741
Listed by
Vincenza Costa · License #687010
Source
Crexi
Added: Mar 2 Updated: Jul 21 at 7:56AM Checked: Jul 21 at 7:56AM
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 Vincenza Realty
Investment Insights
Based on property information with market context.
This for-sale triplex provides an income-focused layout with three large apartments. The configuration includes two two-bedroom units and one additional unit that could be used as a 3-bedroom. The property is described as fully rented on an ongoing basis.
Located in a residential neighborhood with sidewalks, the property is also noted to be steps to the beach. This setting supports straightforward tenant access to local surroundings.
Overall, the asset is positioned as a three-unit multifamily property designed to deliver rental income through its existing apartment mix.
Located in a residential neighborhood with sidewalks, the property is also noted to be steps to the beach. This setting supports straightforward tenant access to local surroundings.
Overall, the asset is positioned as a three-unit multifamily property designed to deliver rental income through its existing apartment mix.
Key Highlights
- Triplex built in 1923 with three apartments
- Includes two 2‑bedroom units
- Third unit is potentially convertible to a 3‑bedroom layout
Local Financial Insights For Multifamily LT 5
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 | $44.6k | $13.92 |
| − Vacancy | −$4.4k | −$1.39 |
| EGI | $40.2k | $12.53 |
| − OpEx | −$12.1k | −$3.76 |
| NOI | $28.1k | $8.77 |
3,206 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.8K
$351.6K – $468.8K
NOI $28,125 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$945.3K
$827.2K – $1.10M
NOI $66,172 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex with three apartments, including two two-bedroom units and one potentially convertible to three bedrooms.
Where is this triplex located?
The property is located at 314 University Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Triplex built in 1923 with three apartments; Includes two 2‑bedroom units; Third unit is potentially convertible to a 3‑bedroom layout
