4-Unit Income Property Near
For Sale
$339,900
415 VERMONT, Daytona Beach, FL 32118
Four tenants have separate power meters; two rear garage units are leased month-to-month.
Property Size2,540 SF
Days on Market115
Property Features for 415 VERMONT
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Investment
Occupancy
50%
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,682
Building Details
Building Size
2,540 SF
Year Built
1908
Listing Agency:
Sloane Realty, LLC
Listed By:
Matt White · License #3106449
(407) 758-3166
Source:
Elliman
Added: Jul 5
Changed: Oct 25
Last Checked: Oct 26 at 4:15PM
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 Sloane Realty, LLC
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Investment Insights
Based on property information with market context.
This 4-unit income property includes four separate tenant power meters, helping keep landlord utility overhead to approximately $350/month in water costs. A detached 1-car garage provides additional on-site space, with room to potentially convert it to a fifth efficiency unit or expand an adjacent unit, depending on execution. The listing notes that financials are pro-forma, with two units currently vacant. The two rear/garage units are leased month-to-month to long-term tenants at $900 and $1,050, noted as below market rates.
The property is described as beachside, located about two blocks from the ocean.
In addition to the garage and layout, one tenant reportedly handles basic lawn maintenance, supporting a lower-management operating profile based on the information provided.
The property is described as beachside, located about two blocks from the ocean.
In addition to the garage and layout, one tenant reportedly handles basic lawn maintenance, supporting a lower-management operating profile based on the information provided.
Key Highlights
- 1908‑built 4‑unit income property located just 2 blocks from the ocean.
- Four separate power meters (each tenant pays their own power), with landlord water costs noted at approx. $350/month.
- Two rear/garage units are leased month‑to‑month to long‑term tenants at $900 and $1,050.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,282
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,640
$445.6K
Cap Rate 7%
$318,314
$318.3K
Cap Rate 9%
$247,578
$247.6K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$35.4K $13.92/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$31.8K $12.53/SF
− OpEx
−$9.5K −$3.76/SF
NOI
$22.3K $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 Rate 5%
$445,640
Cap Rate 7%
$318,314
Cap Rate 9%
$247,578
Alternative Uses
Best Use
Multifamily LT 5
$318.3K
$278.5K – $371.4K
NOI $22,282 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$276.5K
$241.9K – $322.6K
NOI $19,355 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$748.9K
$655.3K – $873.8K
NOI $52,426 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
50%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Check the figures for this property
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?
Quadplex - Four tenants have separate power meters; two rear garage units are leased month-to-month.
Where is this quadplex located?
The property is located at 415 VERMONT Daytona Beach, FL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1908‑built 4‑unit income property located just 2 blocks from the ocean.; Four separate power meters (each tenant pays their own power), with landlord water costs noted at approx. $350/month.; Two rear/garage units are leased month‑to‑month to long‑term tenants at $900 and $1,050.
