Renovated Two-Unit
New
For Sale
$375,000
340 Kingston Avenue, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size1,869 SF
Lot Size0.11 Acres
Price / SF$200.64
Days on Market2
Property Features for 340 Kingston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6
Parking
4
Parking features
Off Street
Fencing
Fenced
Appliances
Tankless Water Heater, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher
Subdivision
3511 South Peninsula Drive Port Orange, FL 32127
Lot features
Zero Lot Line
Directions
From International Speedway Blvd, turn south onto Nova Road. Turn left onto Brentwood Drive, then right onto Kingston Avenue.
Standard status
Active
APN
5338-08-00-0310
Size
1,869 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 31 RIDGEWOOD PARK MB 5 PG 76 MB 16 PG 177 PER OR 6479 PG 0750 PER OR 6514 PG 2072 PER OR 6724 PG 4479 PER OR 6972 PGS 3210-3211 PER OR 7024 PGS 1771-1773 INC PER OR 7733 PG 1439 PER OR 7988 PG 3276 PER OR 8622 PG 2192 PER OR 8652 PG 4868
Tax Annual Amount
2199
Legal Description
38-15-33 LOT 31 RIDGEWOOD PARK MB 5 PG 76 MB 16 PG 177 PER OR 6479 PG 0750 PER OR 6514 PG 2072 PER OR 6724 PG 4479 PER OR 6972 PGS 3210-3211 PER OR 7024 PGS 1771-1773 INC PER OR 7733 PG 1439 PER OR 7988 PG 3276 PER OR 8622 PG 2192 PER OR 8652 PG 4868
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
laundry area with washer and dryer
tankless water heater
aluminum fencing
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
Vinyl Siding
Listing Agency:
Home Sold Realty LLC
(833) 700-2782
Listed By:
Camilo De La Cruz Perez · License #3467504
(561) 574-2603
Added: Oct 3
Last Checked: Oct 4 at 3:06AM
MLS# 1231455
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,869-square-foot duplex contains two separate residences, each with three bedrooms and one bathroom. Improvements include updated plumbing and drainage, electrical work, refreshed kitchens and bathrooms, laminate flooring, replacement windows and doors, and new interior paint. The roof has received repairs. A tankless water heater, vinyl siding, aluminum fencing, and a concrete driveway with four parking spaces are also part of the property. The shared laundry area includes a washer and dryer.
The 0.11-acre property is in Daytona Beach, about five minutes from the beach and ten minutes from Daytona International Speedway. Public water and sewer are available.
The 0.11-acre property is in Daytona Beach, about five minutes from the beach and ten minutes from Daytona International Speedway. Public water and sewer are available.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,869 square feet on a 0.11‑acre lot
- Concrete driveway with 4 parking spaces
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
$16,396
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
4.37%
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%
$327,920
$327.9K
Cap Rate 7%
$234,229
$234.2K
Cap Rate 9%
$182,178
$182.2K
Market Conditions
NOI Build-Up for 1,869 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
$26.0K $13.92/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$23.4K $12.53/SF
− OpEx
−$7.0K −$3.76/SF
NOI
$16.4K $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 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%
$327,920
Cap Rate 7%
$234,229
Cap Rate 9%
$182,178
Alternative Uses
Best Use
Multifamily LT 5
$234.2K
$205.0K – $273.3K
NOI $16,396 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$203.5K
$178.0K – $237.4K
NOI $14,242 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$551.1K
$482.2K – $642.9K
NOI $38,576 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and one bathroom, with a shared laundry area equipped with a washer and dryer.
Where is this duplex located?
The property is located at 340 Kingston Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,869 square feet on a 0.11‑acre lot; Concrete driveway with 4 parking spaces
