340 S Palmetto Avenue Daytona Beach, FL 32114
Four-unit multifamily property in a convenient downtown location.
Property Features for 340 S Palmetto Avenue
General Information
- Standard status
- Active
- Size
- 2,456 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing office Marlin Realty Group
Listing date Feb 9, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marlin Realty Group
Investment Insights
Based on property information with market context.
Key Highlights
- Great rental income property.
- Prime downtown location within walking distance to amenities.
- Turnkey property ready for immediate rental.
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 | $34.2k | $13.92 |
| − Vacancy | −$3.4k | −$1.39 |
| EGI | $30.8k | $12.53 |
| − OpEx | −$9.2k | −$3.76 |
| NOI | $21.5k | $8.77 |
