Updated Duplex with Office
For Sale
$249,000
317 Fairview Ave, Daytona Beach, FL 32114
Income-producing duplex with existing tenants, separate driveways, and a professional-office zoning designation with duplex variance.
Property Size1,646 SF
Price / SF$151.28
Days on Market65
Property Features for 317 Fairview Ave
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$936
Listing Agency:
Modern Realty
(386) 253-7449
Listed By:
Cory Helgemo · License #3176067
(386) 405-2484
Source:
Exprealty
Added: Aug 27
Changed: Oct 25
Last Checked: Oct 28 at 9:44AM
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 Modern Realty
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Investment Insights
Based on property information with market context.
This 1,646-square-foot duplex has tenants in place and is zoned business professional for professional office use, with a variance allowing duplex use. The layout supports operating an office from one side while leasing the other. Each side has its own driveway, while the property also includes front and fenced backyard areas, small porch space, and rear entries.
Property improvements include a new roof installed in 2021, updated electrical panels from 2020, a 2025 exterior paint finish, and a 2022 hot water heater. The property is located at 317 Fairview Ave in Daytona Beach, near downtown and close to Main St and The World's Most Famous Beach.
Property improvements include a new roof installed in 2021, updated electrical panels from 2020, a 2025 exterior paint finish, and a 2022 hot water heater. The property is located at 317 Fairview Ave in Daytona Beach, near downtown and close to Main St and The World's Most Famous Beach.
Key Highlights
- 1,646‑square‑foot duplex with tenants in place
- Business professional zoning with variance for duplex use
- New roof installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,440
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$22.9K $13.92/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$20.6K $12.53/SF
− OpEx
−$6.2K −$3.76/SF
NOI
$14.4K $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%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Multifamily LT 5
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$179.2K
$156.8K – $209.1K
NOI $12,543 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$485.3K
$424.7K – $566.2K
NOI $33,973 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
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Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with existing tenants, separate driveways, and a professional-office zoning designation with duplex variance.
Where is this duplex located?
The property is located at 317 Fairview Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,646‑square‑foot duplex with tenants in place; Business professional zoning with variance for duplex use; New roof installed in 2021
