Renovated Multi-Building Residential
For Sale
$1,599,000
404 S Ridgewood Avenue S, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size7,746 SF
Lot Size1.50 Acres
Price / SF$206.43
Days on Market506
Property Features for 404 S Ridgewood Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential/Office
Bedrooms
30
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 3, Bedroom 14, Bedroom 12, Bedroom 26, Bathroom 1, Bedroom 28, Bathroom 6, Bedroom 21, Bedroom 24, Bedroom 5, Bathroom 5, Bathroom 12, Bedroom 29, Bedroom 3, Bedroom 27, Bedroom 7, Bedroom 15, Bedroom 22, Bedroom 1, Bathroom 10, Bedroom 2, Bathroom 9, Bathroom 11, Bedroom 6, Bedroom 10, Bathroom 8, Bedroom 4, Bedroom 23, Bedroom 11, Bedroom 9, Bedroom 16, Bedroom 13, Bedroom 8, Bathroom 4, Bedroom 18, Bathroom 2, Bedroom 20, Bathroom 7, Bedroom 30, Bedroom 25, Bedroom 17, Bedroom 19
Parking
33
Parking features
Parking Lot, Guest
Fencing
Fenced
Appliances
Washer/Dryer Stacked, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Convection Oven
Lot features
Corner Lot, Few Trees, Historic Area
View
City
Middle school
Campbell
High school
Mainland
Directions
Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.
Subdivision
32 - Daytona Beville to ISB, E of 95
Standard status
Active
APN
5339-01-17-0062
Size
7,746 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
N 1/2 OF LOT 5 EXC HWY & E 144 FT OF LOT 6 EXC HWY BLK 17 DAYTONA PER OR 3497 PG 1396 PER OR 6622 PGS 1312-1314 PER OR 6634 PG 2945 PER OR 6816 PG 0127 PER OR 7420 PG 2577 PER OR 7660 PG 2508 PER OR 8196 PG 2551 PER OR 8206 PG 1829 PER OR 8209 PG 4205 PER
Tax Annual Amount
7755
Legal Description
N 1/2 OF LOT 5 EXC HWY & E 144 FT OF LOT 6 EXC HWY BLK 17 DAYTONA PER OR 3497 PG 1396 PER OR 6622 PGS 1312-1314 PER OR 6634 PG 2945 PER OR 6816 PG 0127 PER OR 7420 PG 2577 PER OR 7660 PG 2508 PER OR 8196 PG 2551 PER OR 8206 PG 1829 PER OR 8209 PG 4205 PER
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Zoned
Cooling system
Central Air
Water source
Public
Building Details
Year built
1901
Floors in Building
3
Number of units
4
Flooring type
Wood, Tile
Building materials
Brick, Frame, Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 258-5500
Listed By:
Dan Lyonnais
(386) 852-7932
Added: May 30, 2025
Changed: Oct 9
Last Checked: Oct 17 at 11:06AM
MLS# 1213963
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.
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Investment Insights
Based on property information with market context.
This for-sale portfolio includes three fully renovated residential buildings configured as a mix of co-living and single-family use. The offering is described as furnished, with all furnishings included, and is presented as an income-producing collection of historic-style residential assets. The portfolio sits on five contiguous T-2 zoned parcels totaling 1.5 acres, with 164 feet of frontage on US-1. In addition to the three improved buildings, three more buildable lots are included in the sale at no additional cost, providing room for future development planning within the same assemblage.
The property is located at 404 S Ridgewood Avenue in Daytona Beach, Florida 32114, in Volusia County. The asset benefits from direct frontage along US-1, supporting straightforward site access for occupants and visitors.
For buyers seeking a turnkey residential package, this structure offers multiple building options within one consolidated portfolio. The mix of co-living and single-family components may allow for flexible leasing approaches, while the inclusion of additional buildable lots provides an avenue to expand or reconfigure the site over time, subject to applicable approvals. The seller’s remarks indicate the portfolio is currently operational as presented, with furnishings included as part of the sale.
The property is located at 404 S Ridgewood Avenue in Daytona Beach, Florida 32114, in Volusia County. The asset benefits from direct frontage along US-1, supporting straightforward site access for occupants and visitors.
For buyers seeking a turnkey residential package, this structure offers multiple building options within one consolidated portfolio. The mix of co-living and single-family components may allow for flexible leasing approaches, while the inclusion of additional buildable lots provides an avenue to expand or reconfigure the site over time, subject to applicable approvals. The seller’s remarks indicate the portfolio is currently operational as presented, with furnishings included as part of the sale.
Key Highlights
- Income‑producing portfolio with three fully renovated buildings for co‑living and single‑family residential use
- 1.5 acres total with 164 ft of US‑1 frontage in Downtown Daytona Beach
- Includes three additional buildable lots at no additional cost
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,025
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,500
$1.2M
Cap Rate 7%
$843,214
$843.2K
Cap Rate 9%
$655,833
$655.8K
Market Conditions
NOI Build-Up for 7,746 SF
Gross rent
$119.9K $15.48/SF
− Vacancy
−$12.6K −$1.63/SF
EGI
$107.3K $13.85/SF
− OpEx
−$48.3K −$6.23/SF
NOI
$59.0K $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%
$1,180,500
Cap Rate 7%
$843,214
Cap Rate 9%
$655,833
Alternative Uses
Best Use
Apartment 5plus
$843.2K
$737.8K – $983.8K
NOI $59,025 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,877 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,555
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully renovated, furnished multi-building income property portfolio with US-1 frontage and T-2 zoned parcels.
Where is this multifamily property located?
The property is located at 404 S Ridgewood Avenue S 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: Income‑producing portfolio with three fully renovated buildings for co‑living and single‑family residential use; 1.5 acres total with 164 ft of US‑1 frontage in Downtown Daytona Beach; Includes three additional buildable lots at no additional cost
