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    319/323 TAYLOR AVENUE Daytona Beach, FL 32114

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    For Sale
    $399,900

    multifamily - DAYTONA BEACH, FL

    Property size:
    4,232 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $94/SF
    Added:
    May 2, 2026
    Days on Market:
    6
    Last Refresh:
    May 7 at 10:06 am

    Property Features for 319/323 TAYLOR AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active
    Size
    4,232 SF
    Lot size
    0.64 Acres

    Utilities

    Heating system
    Electric (Heating), Other (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1919
    Architectural style
    Other

    We can help!

    Listing Contact
    Tina Turner
    Tina Turner

    Listing agent Tina Turner

    Listing office Premier Properties 1 Hammock Beach Pkwy, FL

    Listing date May 2, 2026

    MLS# 1225458 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑parcel sale featuring 4 unique bungalows – a true value‑add investment.
    • Potential for increased density via lot merger and additional unit construction; plans available.
    • Three units are currently rented under lease, providing immediate income.
    • Separate water and electric meters for each unit.
    • Extra‑large lot with multi‑road access offers possibilities for added parking or community amenities.
    • Roofs are approximately 2018.

    Overview

    Daytona Beach Multifamily Investment Opportunity

    This offering presents an investor opportunity with a multi-parcel sale featuring four unique bungalows situated on two contiguous lots. The property includes three 2-bedroom, 1-bath homes, and one 3-bedroom, 2-bath home. Some units feature unique tile work and wood flooring. The extra-large lot offers possibilities for added parking, community amenities, or building more units, with potential lot merger plans available. The property benefits from multi-road access. Currently, three units are rented under lease, while one home remains vacant for showings. Driveway parking is available. Each unit has separate water and electric meters. An in-ground pool exists on the property, though its operational status is unknown. Roofs were replaced approximately in 2018. The two contiguous lots are bordered by Elm St, Taylor Ave, and High St. The property includes small homes at 319 Taylor Ave, 323 Taylor Ave, 527 Elm St and 531 Elm St. The property contains 4,232 square feet and sits on 0.64 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.029226
    Latitude
    29.220607

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    FAQs

    What type of property is this?
    Multifamily property - Four bungalows on two lots, value-add potential in Daytona Beach.
    Where is this multifamily property 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: Multi‑parcel sale featuring 4 unique bungalows – a true value‑add investment.; Potential for increased density via lot merger and additional unit construction; plans available.; Three units are currently rented under lease, providing immediate income.
    (386) 383-3690
    We can help!
    Listing Contact
    Tina Turner
    Tina Turner
    Real Estate License ID: 3058114
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    319/323 TAYLOR AVENUE, DAYTONA BEACH, FL 32114
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