Triplex with
For Sale
$510,993
532 Magnolia Avenue, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size2,154 SF
Lot Size0.15 Acres
Price / SF$237.23
Days on Market8
Property Features for 532 Magnolia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4
Parking features
Garage
Exterior features
Balcony
Appliances
Refrigerator, Electric Range
Subdivision
Hodgmans
Lot features
Corner Lot
Directions
Head East to W International Speedway Blvd Turn right to Marion St, House in the right corner of Magnolia Ave and Marion St
Standard status
Active
APN
5339-21-02-0050
Size
2,154 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39-15-33 S 90 FT OF LOT 5 BLK 2 EXC PART IN ST FOOTE SUB MB 2 PG 141 MB 22 PG 11 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PGS 13-15 PER OR 4717 PG 2890 PER OR 6126 PGS 1269-1270 PER OR 6427 PG 3970 PER OR 6518 PG 3906 PER OR 6529 PGS 1942-1943 PER OR 6510 PG
Tax Annual Amount
5553
Legal Description
39-15-33 S 90 FT OF LOT 5 BLK 2 EXC PART IN ST FOOTE SUB MB 2 PG 141 MB 22 PG 11 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PGS 13-15 PER OR 4717 PG 2890 PER OR 6126 PGS 1269-1270 PER OR 6427 PG 3970 PER OR 6518 PG 3906 PER OR 6529 PGS 1942-1943 PER OR 6510 PG
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
balcony
porch
garage
Building Details
Year built
1935
Floors in Building
2
Number of units
3
Flooring type
Wood, Carpet, Tile
Roof type
Shingle
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 455-0830
Listed By:
Cheryl Gray · License #3434739
(386) 316-7808
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 9 at 8:06AM
MLS# 1231493
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 1935 triplex contains three furnished residences totaling 2,154 square feet. Two units each have one bedroom and one bathroom; the third has three bedrooms and two bathrooms. Living rooms and kitchens are present across the units, with a dining room and balcony in one residence and a dining room and porch in the largest. The property also includes a one-car garage, three separate electric meters, upgraded electrical service, a 2016 roof, central HVAC for the main residence, and PTAC heating and cooling in the two one-bedroom units. Flooring includes hardwood, carpet, and tile.
The sale includes the adjoining vacant lot at 146 Marion St. Together, the parcels measure approximately 75 feet by 150 feet. Public water and sewer serve the property. Zoning, permitted uses, and development potential require buyer verification.
The sale includes the adjoining vacant lot at 146 Marion St. Together, the parcels measure approximately 75 feet by 150 feet. Public water and sewer serve the property. Zoning, permitted uses, and development potential require buyer verification.
Key Highlights
- Three‑unit furnished property with 2,154 square feet of building area
- Unit mix includes two 1‑bedroom/1‑bath residences and one 3‑bedroom/2‑bath residence
- Sale includes an adjoining vacant lot; combined dimensions are approximately 75' x 150'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,896
Cap Rate
3.70%
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 3.70%
Second Best
Apartment 5plus
$234.5K
$205.2K – $273.6K
NOI $16,414 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$635.1K
$555.7K – $741.0K
NOI $44,459 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,895
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three rental residences, a garage, and an adjoining vacant parcel are included in this residential income property.
Where is this triplex located?
The property is located at 532 Magnolia Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $510,993.
What are key features of this property?
This property features: Three‑unit furnished property with 2,154 square feet of building area; Unit mix includes two 1‑bedroom/1‑bath residences and one 3‑bedroom/2‑bath residence; Sale includes an adjoining vacant lot; combined dimensions are approximately 75' x 150'
