Updated Duplex with Private
For Sale
$350,000
419 N Peninsula Drive, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size1,782 SF
Lot Size0.18 Acres
Price / SF$196.41
Days on Market93
Property Features for 419 N Peninsula Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4
Parking features
Garage
Appliances
Washer/Dryer Stacked, Refrigerator, Freezer, Electric Water Heater, Electric Oven, Dishwasher
Subdivision
Not In Subdivision
Lot features
Corner Lot
Directions
From Mason Ave head East and continue to Oakridge Blvd (over the bridge) turn right on N Peninsula Dr. Duplex on the right.
Standard status
Active
APN
530517050070
Size
1,782 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 7 EXC PART PER DB 325 PG 396 & EXC N 5 FT & LOT 8 DB 13 PG 549 ASSRS PLAT BLK 5 EAST DAYTONA MB 3 PG 138 PER OR 4307 PG 0213 PER OR 6839 PG 1579 PER OR 7699 PG 685
Tax Annual Amount
6573
Legal Description
LOT 7 EXC PART PER DB 325 PG 396 & EXC N 5 FT & LOT 8 DB 13 PG 549 ASSRS PLAT BLK 5 EAST DAYTONA MB 3 PG 138 PER OR 4307 PG 0213 PER OR 6839 PG 1579 PER OR 7699 PG 685
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile
Building materials
Block, Concrete
Roof type
Membrane
Listing Agency:
Simply Real Estate
(386) 677-0870
Listed By:
Amy Kolis · License #3310140
(386) 986-6035
Added: May 29
Changed: Aug 20
Last Checked: Aug 29 at 1:06PM
MLS# 1226977
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.
Investment Insights
Based on property information with market context.
This 1,782-square-foot duplex, built in 1953, contains two residential units with a two-bedroom, one-bathroom layout in each. Every unit includes a private one-car garage. Interior features include laminate and tile flooring, central air, electric heating, and kitchens equipped with refrigerators, freezers, electric ovens, dishwashers, and stacked washer/dryer units. Block and concrete construction is topped by a membrane roof.
Renovation work completed in 2026 included a new roof, new flooring throughout, and fresh interior and exterior paint. The property sits on 0.18 acres at 419 N Peninsula Drive in Daytona Beach, Florida, within blocks of the beach and near dining, entertainment, and year-round attractions. Public water and public sewer serve the property, with water available through the existing utility service.
Renovation work completed in 2026 included a new roof, new flooring throughout, and fresh interior and exterior paint. The property sits on 0.18 acres at 419 N Peninsula Drive in Daytona Beach, Florida, within blocks of the beach and near dining, entertainment, and year-round attractions. Public water and public sewer serve the property, with water available through the existing utility service.
Key Highlights
- Two‑unit duplex totaling 1,782 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Private 1‑car garage 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
$15,633
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
4.47%
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%
$312,660
$312.7K
Cap Rate 7%
$223,329
$223.3K
Cap Rate 9%
$173,700
$173.7K
Market Conditions
NOI Build-Up for 1,782 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
$24.8K $13.92/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$22.3K $12.53/SF
− OpEx
−$6.7K −$3.76/SF
NOI
$15.6K $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%
$312,660
Cap Rate 7%
$223,329
Cap Rate 9%
$173,700
Alternative Uses
Best Use
Multifamily LT 5
$223.3K
$195.4K – $260.6K
NOI $15,633 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$194.0K
$169.7K – $226.3K
NOI $13,579 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$525.4K
$459.8K – $613.0K
NOI $36,780 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,256
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
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 - Two residential units combine refreshed interiors, individual garages, and public water and sewer service.
Where is this duplex located?
The property is located at 419 N Peninsula Drive Daytona Beach, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,782 square feet; Each unit has 2 bedrooms and 1 bathroom; Private 1‑car garage for each unit
