Updated
New
For Sale
$299,900
341 FAIRVIEW AVENUE, Daytona Beach, FL 32114
Recent interior finishes and appliances refresh both sides of this residential income property.
Property Size1,870 SF
Price / SF$160.37
Days on Market4
Property Features for 341 FAIRVIEW AVENUE
General Information
Standard status
Active
Size
1,870 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
0.1 acres, Dimensions: 50x90, Flood Insurance Required, FloodZone
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5338-32-00-0470, Public Survey Range: 33E, Public Survey Section: 38, Annual Amount: $2,866.4, Tax Block: 32, Tax Book Number: 4-141, Legal Description: 38-15-33 LOT 47 ROWLADERS 2ND ADD MB 4 PG 141 MB 15 PG 200 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 5199 PG 1384 PER OR 5852 PG 0269 PER OR 6703 PG 0722 PER OR 7003 PG 0689 PER OR 8481 PG 3028, Lot: 47, Year: 2025, Zoning: RES
Ceramic Tile, Laminate
Wall/Window Unit(s)
Electric, Ductless
Listing ID: MFRO6444624, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-09-24, 1 day on market, Special Conditions: None
Elementary School: Palm Terrace Elem, Middle School: Campbell Middle, High School: Mainland High School
Blinds, Window Treatments
6 total bedrooms
Built in 1958, Living area: 1870, Living area units: Square Feet, Levels: One, Construction Materials: Cement Siding
Subdivision: ROWLADER ADD 02 COLEMANS DAYTONA, MLS Area (Major): 32114 - Daytona Beach, County/Parish: Volusia
City
2 total bathrooms
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water - Multiple Meters, Water Available, Water Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Slab
Close Of Escrow
Allowed: Cats OK, Dogs OK, Yes
Electricity, Sewer, Trash Collection, Water
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Outbuildings, Storage
Kitchen/Family Room Combo, Primary Bedroom Main Floor, Split Bedroom
Microwave, Range, Refrigerator
Building Details
Year Built
1958
Listing Agency:
ONE KEY REALTY
(305) 525-8947
Listed By:
Michael Aversano · License #3133415
(305) 405-0615
Source:
Miharaandassociates
Added: Sep 24
Changed: Sep 27
Last Checked: Sep 26 at 2:19PM
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 ONE KEY REALTY
Investment Insights
Based on property information with market context.
This Daytona Beach duplex was built in 1958 and has new interior flooring, fresh paint, new appliances, and new window treatments. The roof dates to 2024. One unit includes three bedrooms, and the property is described as having a potential 14% cap rate.
Key Highlights
- Potential 14% cap rate
- Roof installed in 2024
- New flooring, paint, appliances, and window treatments
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
$16,405
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
5.47%
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%
$328,100
$328.1K
Cap Rate 7%
$234,357
$234.4K
Cap Rate 9%
$182,278
$182.3K
Market Conditions
NOI Build-Up for 1,870 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%
$328,100
Cap Rate 7%
$234,357
Cap Rate 9%
$182,278
Alternative Uses
Best Use
Multifamily LT 5
$234.4K
$205.1K – $273.4K
NOI $16,405 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$203.6K
$178.1K – $237.5K
NOI $14,249 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$551.4K
$482.5K – $643.3K
NOI $38,597 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,424
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
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Frequently Asked Questions
What type of property is this?
Duplex - Recent interior finishes and appliances refresh both sides of this residential income property.
Where is this duplex located?
The property is located at 341 FAIRVIEW AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Potential 14% cap rate; Roof installed in 2024; New flooring, paint, appliances, and window treatments
