Duplex with Studio
For Sale
$276,000
486 OAK ST, New Smyrna Beach, FL 32168
A two-unit property pairs a two-bedroom main residence with a separate efficiency apartment and dedicated parking areas.
Property Size1,422 SF
Price / SF$194.09
Days on Market146
Property Features for 486 OAK ST
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x studio
Multifamily Units
2
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Gross Income
$40,500
Taxes and HOA fees
Annual Taxes
$2,381
Building Details
Building Size
1,422 SF
Year Built
1953
Listing Agency:
GRACE REALTY, INC.
Listed By:
Chip Doherty
(386) 427-1404
Source:
Coastalventures
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 26 at 2:10PM
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 GRACE REALTY, INC.
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Investment Insights
Based on property information with market context.
At 486 Oak St, this 1,422-square-foot duplex includes a two-bedroom, one-bath main residence and a separate studio efficiency apartment. The main unit has a kitchen, dining area, living room, and bonus room that can serve as an office or den. The studio includes a full kitchen, dining area, full bathroom, and walk-in closet. Each unit has two separate entrances and its own off-street parking area. Built in 1953, the property has hardwood flooring in the main living and bedroom areas, tile in the kitchen and dining spaces, and recent interior and exterior paint.
The property is in New Smyrna Beach, with the drive-on beach a 10- to 15-minute drive away, the Intracoastal about five minutes away, and Route 95 less than ten minutes away.
The property is in New Smyrna Beach, with the drive-on beach a 10- to 15-minute drive away, the Intracoastal about five minutes away, and Route 95 less than ten minutes away.
Key Highlights
- Two‑unit duplex totaling 1,422 square feet
- Main residence has two bedrooms, one bathroom, and a bonus room
- Separate studio efficiency apartment includes a full kitchen, full bathroom, and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,475
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,500
$249.5K
Cap Rate 7%
$178,214
$178.2K
Cap Rate 9%
$138,611
$138.6K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$19.8K $13.92/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$17.8K $12.53/SF
− OpEx
−$5.3K −$3.76/SF
NOI
$12.5K $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%
$249,500
Cap Rate 7%
$178,214
Cap Rate 9%
$138,611
Alternative Uses
Best Use
Multifamily LT 5
$178.2K
$155.9K – $207.9K
NOI $12,475 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$154.8K
$135.5K – $180.6K
NOI $10,836 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$419.3K
$366.9K – $489.2K
NOI $29,350 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A two-unit property pairs a two-bedroom main residence with a separate efficiency apartment and dedicated parking areas.
Where is this duplex located?
The property is located at 486 OAK ST New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $276,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,422 square feet; Main residence has two bedrooms, one bathroom, and a bonus room; Separate studio efficiency apartment includes a full kitchen, full bathroom, and walk‑in closet
