Updated 4-Unit
For Sale
$799,000
424 DAYTONA STREET, Daytona Beach, FL 32114
Fully leased multifamily property with refreshed appliances, air-conditioning systems, flooring, and lighting.
Property Size2,880 SF
Price / SF$277.43
Days on Market61
Property Features for 424 DAYTONA STREET
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
0.21 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5338-37-00-0020, Public Survey Range: 33, Public Survey Section: 38, Annual Amount: $7,547, Tax Block: 1, Tax Book Number: 6-190, Legal Description: 38-15-33 LOT 2 & E 40 FT OF LOT 3 GORDON COURT MB 6 PG 190 MB 18 PG 109 OF D D ROGERS DB C PG 700 MB 14 PG 110 INC PER OR 4178 PG 3672 PER OR 8420 PG 0937, Lot: 2, Year: 2025, Zoning: RESI
Gross Income: $65,400
Central Air
Central
Listing ID: MFRV4950727, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-08-14, 42 days on market, Special Conditions: None
5 total bedrooms
Built in 1973, Living area: 2880, Living area units: Square Feet, Construction Materials: Concrete
Subdivision: GORDON COURT, MLS Area (Major): 32114 - Daytona Beach, County/Parish: Volusia
Completed
4 total bathrooms
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Allowed: Cats OK, Dogs OK, Yes
Road Surface: Asphalt
Building Details
Year Built
1973
Listing Agency:
OCEANS LUXURY REALTY FULL SVC
(386) 236-3700
Listed By:
Cheryl Gray · License #3434739
(386) 316-7808
Source:
Miharaandassociates
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 12 at 7:57PM
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 OCEANS LUXURY REALTY FULL SVC
Investment Insights
Based on property information with market context.
Located at 424 Daytona Street in Daytona Beach, this 2,880-square-foot quadplex contains four units and was built in 1973. All units are currently leased, providing an established multifamily configuration for a new owner. Property updates include appliances, A/Cs, flooring, and lighting completed approximately two years ago, while the roof is about three years old.
The property is just off Beach Street, with restaurants, bars, shopping, and baseball games within walking distance. The location is also minutes from the beach and near Brown & Brown Insurance, transportation, major employment centers, and Downtown Daytona Beach. Nearby luxury apartment development and continued area investment are noted in the property information.
The property is just off Beach Street, with restaurants, bars, shopping, and baseball games within walking distance. The location is also minutes from the beach and near Brown & Brown Insurance, transportation, major employment centers, and Downtown Daytona Beach. Nearby luxury apartment development and continued area investment are noted in the property information.
Key Highlights
- Four‑unit multifamily property; all four units are currently rented
- 2,880 SF building constructed in 1973
- Appliances, A/Cs, flooring, and lighting updated approximately two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,265
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,300
$505.3K
Cap Rate 7%
$360,929
$360.9K
Cap Rate 9%
$280,722
$280.7K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$40.1K $13.92/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$36.1K $12.53/SF
− OpEx
−$10.8K −$3.76/SF
NOI
$25.3K $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%
$505,300
Cap Rate 7%
$360,929
Cap Rate 9%
$280,722
Alternative Uses
Best Use
Multifamily LT 5
$360.9K
$315.8K – $421.1K
NOI $25,265 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$313.5K
$274.3K – $365.8K
NOI $21,946 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$849.2K
$743.0K – $990.7K
NOI $59,443 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,363
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property with refreshed appliances, air-conditioning systems, flooring, and lighting.
Where is this quadplex located?
The property is located at 424 DAYTONA STREET Daytona Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit multifamily property; all four units are currently rented; 2,880 SF building constructed in 1973; Appliances, A/Cs, flooring, and lighting updated approximately two years ago
