Historic Apartment Property
404 S RIDGEWOOD Avenue, Daytona Beach, FL 32114
For Sale
$1,599,000
Residential Income, DAYTONA BEACH, FL
Property Size16,021 SF
Lot Size0.87 Acres
Price / SF$99.81
Days on Market530
Property Features for 404 S RIDGEWOOD Avenue
General Information
Property type
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Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Fireplace
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
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Building Details
Year built
Floors in Building
Number of units
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Roof type
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 738-1920
Listed By:
Daniel Lyonnais · License FL #3196672
(386) 852-7932
Added: Jun 1, 2025
Changed: Nov 10
Last Checked: Nov 12 at 7:06AM
MLS# V4943079
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily assemblage combines a fully renovated 8,000-square-foot Victorian residence, a 7,000-square-foot co-living property, and a renovated 1,021-square-foot house. The Victorian structure dates to 1901, is listed on the U.S. National Register of Historic Places, and includes 10 bedrooms, 5 full bathrooms, and two basement apartments. The Live Oak Avenue house contains four bedrooms and one bathroom, with updated bathroom and shower components, plumbing, and General Electric upgrades. Interior features across the improvements include high ceilings, vaulted ceilings, wood and tile flooring, central air, central heating, and public water and sewer.
The property has 164 feet of frontage along US-1 and is located near the beach, the Intracoastal Waterway, and major attractions. The assemblage totals 16,021 square feet on 0.87 acres and includes three adjacent land parcels totaling 0.51 acres along Live Oak Avenue and Segrave Street. PadSplit leases are in place for the three residential properties, with the Victorian home's current lease extending through July 2025.
The property has 164 feet of frontage along US-1 and is located near the beach, the Intracoastal Waterway, and major attractions. The assemblage totals 16,021 square feet on 0.87 acres and includes three adjacent land parcels totaling 0.51 acres along Live Oak Avenue and Segrave Street. PadSplit leases are in place for the three residential properties, with the Victorian home's current lease extending through July 2025.
Key Highlights
- 16,021 square feet of improvements on a 0.87‑acre assemblage
- 8,000‑square‑foot Victorian residence built in 1901 and listed on the U.S. National Register of Historic Places
- Victorian property includes 10 bedrooms, 5 full bathrooms, and two basement apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,081
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,620
$2.4M
Cap Rate 7%
$1,744,014
$1.7M
Cap Rate 9%
$1,356,456
$1.4M
Market Conditions
NOI Build-Up for 16,021 SF
Gross rent
$248.0K $15.48/SF
− Vacancy
−$26.0K −$1.63/SF
EGI
$222.0K $13.85/SF
− OpEx
−$99.9K −$6.23/SF
NOI
$122.1K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,620
Cap Rate 7%
$1,744,014
Cap Rate 9%
$1,356,456
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,081 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.72M
$4.13M – $5.51M
NOI $330,673 @ 7.0% cap · market cap 20.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
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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
$174,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Daytona Beach, FL
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Assemblage includes renovated homes, co-living space, and adjacent buildable land near US-1.
Where is this apartment building located?
The property is located at 404 S RIDGEWOOD Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 16,021 square feet of improvements on a 0.87‑acre assemblage; 8,000‑square‑foot Victorian residence built in 1901 and listed on the U.S. National Register of Historic Places; Victorian property includes 10 bedrooms, 5 full bathrooms, and two basement apartments
