Four-Bungalow Income
For Sale
Contact for pricing
Pending
319/323 Taylor Avenue, Daytona Beach, FL 32114
Four bungalows on two contiguous lots, with separate water and electric meters and driveway parking.
Property Size4,426 SF
Days on Market143
Property Features for 319/323 Taylor Avenue
General Information
Standard status
Pending
Size
4,426 SF
Property subtype
Multifamily, Land
Building Details
Year Built
1919
Units
4
Listing Agency:
Coldwell Banker Premier Properties
Listed By:
Tina Turner · License #3058114
(386) 383-3690
Source:
Crexi
Added: Apr 19
Changed: Aug 8
Last Checked: Jul 29 at 8:27AM
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 for-sale income property features four separate bungalows across two contiguous lots. Three homes offer 2 bedrooms and 1 bathroom, and one home offers 3 bedrooms and 2 bathrooms. The residences include notable interior finishes such as unique tile work and wood flooring. A shared in-ground pool exists on-site, though it is not known to be working. Roofs are approximately 2018, per available information.
Multi-road access and plenty of driveway parking support flexible day-to-day use. Three units are currently rented under lease, and one home remains vacant for showing.
Each home has separate water and electric meters, providing independent utility service. The property is also described as a multi-parcel sale, with extra lot area offering the possibility of added parking, community amenities, or adding units subject to lot merger; plans are noted as drawn up and can convey.
Multi-road access and plenty of driveway parking support flexible day-to-day use. Three units are currently rented under lease, and one home remains vacant for showing.
Each home has separate water and electric meters, providing independent utility service. The property is also described as a multi-parcel sale, with extra lot area offering the possibility of added parking, community amenities, or adding units subject to lot merger; plans are noted as drawn up and can convey.
Key Highlights
- 4 unique bungalows on 2 contiguous lots (year built 1919) with driveway parking
- Unit mix: three 2 bed/1 bath homes and one 3 bed/2 bath home
- 3 units currently rented under lease; 1 home vacant for showing
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
$33,726
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
8.43%
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%
$674,520
$674.5K
Cap Rate 7%
$481,800
$481.8K
Cap Rate 9%
$374,733
$374.7K
Market Conditions
NOI Build-Up for 4,426 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
$68.5K $15.48/SF
− Vacancy
−$7.2K −$1.63/SF
EGI
$61.3K $13.85/SF
− OpEx
−$27.6K −$6.23/SF
NOI
$33.7K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
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%
$674,520
Cap Rate 7%
$481,800
Cap Rate 9%
$374,733
Alternative Uses
Best Use
Multifamily LT 5
$554.7K
$485.3K – $647.1K
NOI $38,827 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$481.8K
$421.6K – $562.1K
NOI $33,726 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,353 @ 7.0% cap · market cap 22.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
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
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 bungalows on two contiguous lots, with separate water and electric meters and driveway parking.
Where is this quadplex located?
The property is located at 319/323 Taylor Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 4 unique bungalows on 2 contiguous lots (year built 1919) with driveway parking; Unit mix: three 2 bed/1 bath homes and one 3 bed/2 bath home; 3 units currently rented under lease; 1 home vacant for showing
