Four-Building Apartment
502 N Halifax Avenue, Daytona Beach, FL 32118
For Sale
$1,750,000
Residential Income, Daytona Beach, FL
Property Size7,533 SF
Lot Size0.36 Acres
Price / SF$232.31
Days on Market245
Property Features for 502 N Halifax Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
covered wrap-around porch
private courtyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Clayton Realty Group, LLC
Listed By:
Julie Clayton
(386) 316-7544
Added: Mar 16
Changed: Oct 31
Last Checked: Nov 15 at 3:06PM
MLS# 1224222
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.
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Investment Insights
Based on property information with market context.
This apartment-building package includes four rental properties totaling 7,533 square feet on a 0.36-acre corner lot. The buildings were upgraded from foundation through roof and incorporate concrete, frame, stucco, and wood siding construction, with tile and vinyl flooring. The property includes central heating and cooling, electric systems, public water, public sewer, and a shingle roof. Refrigerators, electric ranges, dishwashers, and electric water heaters are among the listed appliances.
The corner building has a covered wrap-around porch extending across the front and side. Two rear buildings share a private fenced courtyard. The property is near the Intracoastal River and within walking distance of the beach in Daytona Beach. Built in 1900, the buildings combine historic age with reported modern upgrades and established rental use.
The corner building has a covered wrap-around porch extending across the front and side. Two rear buildings share a private fenced courtyard. The property is near the Intracoastal River and within walking distance of the beach in Daytona Beach. Built in 1900, the buildings combine historic age with reported modern upgrades and established rental use.
Key Highlights
- Four rental properties offered together as one apartment‑building package
- 7,533 square feet across a 0.36‑acre corner lot
- Buildings upgraded from the foundation through the roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,402
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,040
$1.1M
Cap Rate 7%
$820,029
$820.0K
Cap Rate 9%
$637,800
$637.8K
Market Conditions
NOI Build-Up for 7,533 SF
Gross rent
$116.6K $15.48/SF
− Vacancy
−$12.2K −$1.63/SF
EGI
$104.4K $13.85/SF
− OpEx
−$47.0K −$6.23/SF
NOI
$57.4K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,040
Cap Rate 7%
$820,029
Cap Rate 9%
$637,800
Alternative Uses
Best Use
Apartment 5plus
$820.0K
$717.5K – $956.7K
NOI $57,402 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,481 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
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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
$339,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Daytona Beach, FL
Properties on Market for Apartment buildings in Daytona Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four upgraded rental buildings on a Daytona Beachside corner lot with covered porch and fenced courtyard areas.
Where is this apartment building located?
The property is located at 502 N Halifax Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Four rental properties offered together as one apartment‑building package; 7,533 square feet across a 0.36‑acre corner lot; Buildings upgraded from the foundation through the roof
