Duplex Near Daytona Beach
For Sale
Contact for pricing
524 Phoenix Ave, Daytona Beach, FL 32118
Two-story duplex with updated features and income potential.
Property Size2,154 SF
Lot Size0.12 Acres
Price / SF$232.13
Days on Market207
Property Features for 524 Phoenix Ave
General Information
Standard status
Active
Size
2,154 SF
Class
B
Lot size
0.12 Acres
Property subtype
Multifamily, Senior Living
Zoning
Medium Density Residential
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$32,900
Building Details
Year Built
1915
Year Renovated
2025
Buildings
1
Stories
2
Units
2
Listing Agency:
Executive Realty Network
Listed By:
Miro Lakic · License #BK 667214
Source:
Crexi
Added: Mar 23
Changed: Oct 10
Last Checked: Oct 14 at 11:15PM
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 Executive Realty Network
Investment Insights
Based on property information with market context.
This two-story duplex is located across the street from the ocean at 524 Phoenix Ave, Daytona Beach, FL 32118. The property features a total of 2,154 square feet of heated living space and sits on a lot with 67 feet of frontage and a depth of 80 feet. Each unit occupies one floor and includes a private entrance, kitchen, and laundry room. There are five parking spaces available, and the front yard is fenced. The roof is less than 5 years old, and the property has new PVC plumbing throughout. Windows are also less than 5 years old. The upstairs unit is currently rented for $1,600 per month, while the downstairs unit is rented for $2,600 per month. The property is fully rented and shown by appointment only.
Key Highlights
- Directly across the street from the ocean.
- Two‑unit duplex providing rental income ($1600 + $2600 per month).
- Each unit has a private entrance, kitchen, and laundry room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,896
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,920
$377.9K
Cap Rate 7%
$269,943
$269.9K
Cap Rate 9%
$209,956
$210.0K
Market Conditions
NOI Build-Up for 2,154 SF
Gross rent
$30.0K $13.92/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$27.0K $12.53/SF
− OpEx
−$8.1K −$3.76/SF
NOI
$18.9K $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%
$377,920
Cap Rate 7%
$269,943
Cap Rate 9%
$209,956
Alternative Uses
Best Use
Multifamily LT 5
$269.9K
$236.2K – $314.9K
NOI $18,896 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$234.5K
$205.2K – $273.6K
NOI $16,414 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$635.1K
$555.7K – $741.0K
NOI $44,459 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
502
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two-story duplex with updated features and income potential.
Where is this duplex located?
The property is located at 524 Phoenix Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Directly across the street from the ocean.; Two‑unit duplex providing rental income ($1600 + $2600 per month).; Each unit has a private entrance, kitchen, and laundry room.
