Charming Duplex For
For Sale
$365,900
366 DIAMOND St, Deltona, FL 32725
Duplex with fenced yard, perfect for homeowners and investors.
Property Size2,034 SF
Lot Size0.26 Acres
Days on Market275
Property Features for 366 DIAMOND St
General Information
Standard status
Active
Size
2,034 SF
Lot size
0.26 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,770
Building Details
Building Size
2,034 SF
Year Built
1978
Units
2
Listing Agency:
(386) 848-1196
Listed By:
Nina Smith
(386) 848-1196
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 14
Last Checked: Aug 28 at 3:38PM
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 Nina Smith
Investment Insights
Based on property information with market context.
This duplex presents an opportunity for both homeowners and investors. Each side of the duplex includes 2 bedrooms and 1.5 bathrooms. A fenced yard is included, suitable for pets, gardening, or outdoor activities. Carport parking is available, with additional storage space in the storage closet. An enclosed back porch provides space for entertaining or relaxation. The roof was replaced in 2020. The property's location provides proximity to schools, shopping, and highways.
Key Highlights
- Duplex: Ideal for homeowners seeking rental income or investors
- Each unit features 2 bedrooms and 1.5 bathrooms
- Fenced yard for each unit
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
$17,843
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
4.88%
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%
$356,860
$356.9K
Cap Rate 7%
$254,900
$254.9K
Cap Rate 9%
$198,256
$198.3K
Market Conditions
NOI Build-Up for 2,034 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
$28.3K $13.92/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$25.5K $12.53/SF
− OpEx
−$7.6K −$3.76/SF
NOI
$17.8K $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%
$356,860
Cap Rate 7%
$254,900
Cap Rate 9%
$198,256
Alternative Uses
Best Use
Multifamily LT 5
$254.9K
$223.0K – $297.4K
NOI $17,843 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$221.4K
$193.7K – $258.3K
NOI $15,499 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$599.7K
$524.8K – $699.7K
NOI $41,982 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 32725, FL
50,435
Population
19,177
Households
2.6
Avg Household Size
42
Median Age
22%
College-Educated
91%
High-School Grad
23.1 sq mi
ZIP Area
2,183
Density / Sq Mi
$70,801
Median Household Income
$40,970
Median Earnings
$1,533
Median Rent
$255,700
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?
Duplex - Duplex with fenced yard, perfect for homeowners and investors.
Where is this duplex located?
The property is located at 366 DIAMOND St Deltona, FL.
What is the asking price?
The asking price for this property is $365,900.
What are key features of this property?
This property features: Duplex: Ideal for homeowners seeking rental income or investors; Each unit features 2 bedrooms and 1.5 bathrooms; Fenced yard for each unit
