Four-Unit Income
415 VERMONT Avenue Daytona Beach, FL 32118
415 VERMONT Avenue, Daytona Beach, FL, 32118
$399,500
For Sale
$399,500
MULTI_FAMILY - DAYTONA BEACH, FL
Property Size2,540 SF
Lot Size0.17 Acres
Price / SF$157.28
Days on Market28
Property Features for 415 VERMONT Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RES < 10
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 5, Family Room
- Interior features
- Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
- Exterior features
- Fence, Private Entrance, Private Mailbox, Private Yard, Sidewalk
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Active
- APN
- 09-15-33-13-01-0090
- Size
- 2,540 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E 1/2 OF LOT 8 & LOT 9 BLK 1 MARSHALL PARK DAYTONA BEACH PER OR 3563 PG 0013 PER OR 7142 PG 1294
- Tax Annual Amount
- 6683
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating), Central, Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1908
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing agency
SLOANE REALTY, LLC
(407) 829-2418
Listed by
Matt White · License #3106449
(407) 758-3166
Added: Jun 24 Updated: Jul 20 at 9:18PM Checked: Jul 21 at 3:06PM
MLS# O6419103
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property features four separate electric meters, with tenants paying their own power. The listing states landlord water costs are approximately $350 per month. A detached 1-car garage is on-site and could be used for additional income potential or expansion, subject to applicable approvals.
The property is described as beachside, located just 2 blocks from the ocean. The listing also notes that two units are currently vacant.
The two rear/garage units are currently leased month-to-month to long-term tenants at below-market rents of $900 and $1,050. The property is listed for sale with pro-forma financials provided in the remarks, and zoning is shown as RES < 10.
The property is described as beachside, located just 2 blocks from the ocean. The listing also notes that two units are currently vacant.
The two rear/garage units are currently leased month-to-month to long-term tenants at below-market rents of $900 and $1,050. The property is listed for sale with pro-forma financials provided in the remarks, and zoning is shown as RES < 10.
Key Highlights
- 4‑unit income property about 2 blocks from the ocean with pro‑forma gross rental income of $5,600/month or more
- Two units currently vacant; rear/garage units are month‑to‑month leased to long‑term tenants at $900 and $1,050
- Tenant‑paid power via 4 separate meters to help keep landlord water costs to approximately $350/month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $13.92 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $31.8k | $12.53 |
| − OpEx | −$9.5k | −$3.76 |
| NOI | $22.3k | $8.77 |
2,540 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.3K
$278.5K – $371.4K
NOI $22,282 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$276.5K
$241.9K – $322.6K
NOI $19,355 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$748.9K
$655.3K – $873.8K
NOI $52,426 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property with separate electric meters and a detached 1-car garage, with two units currently vacant.
Where is this quadplex located?
The property is located at 415 VERMONT Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 4‑unit income property about 2 blocks from the ocean with pro‑forma gross rental income of $5,600/month or more; Two units currently vacant; rear/garage units are month‑to‑month leased to long‑term tenants at $900 and $1,050; Tenant‑paid power via 4 separate meters to help keep landlord water costs to approximately $350/month
