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Daytona Beach Multifamily Investment

542 N Ridgewood Avenue, Daytona Beach, FL 32114

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For Sale

$675,000

COMMERCIAL - Daytona Beach, FL

Property size:

8,127 SF

Lot size:

0.29 Acres

Price / SF:

$83/SF

HighLights

10‑unit multifamily with unit mix including studios and 2‑bedroom units
Multiple unit updates reported; rents generating a little over a 10% cap with 2 vacancies
3 separate buildings with gated and on‑site parking options (parking lot, driveway, guest, and on‑street)
Access from US‑1 or Taylor
25‑acre Riverfront esplanade park and downtown reportedly within walking distance
Frame and stucco construction; shingle roof; public water and public sewer

We can help!

Contact an agent

Thomas Caffrey

For Sale

$675,000

COMMERCIAL - Daytona Beach, FL

Property size:

8,127 SF

Lot size:

0.29 Acres

Price / SF:

$83/SF

Added:: Sep 12, 2025
Days on Market:: 292
Last Refresh:: Jun 30 at 7:06 pm

Property Features for 542 N Ridgewood Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Bathrooms: 3
Rooms: Bathroom 2, Bathroom 3, Bathroom 1
Parking features: Gated, Guest, On Street, Parking Lot, Driveway
Security features: Security
Fencing: Fenced
Standard status: Active
APN: 5338-38-00-0580
Size: 8,127 SF
Lot size: 0.29 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: 38-15-33 LOTS 56 & 58 & E 1/2 OF LOT 55 EXC R/W MARSHALL SUB COLEMANS DAYTONA MB 15 PG 199 PER OR 4027 PG 2555 PER OR 4114 PG 4652 PER OR 6678 PG 1276 PER OR 8355 PG 1041
Tax Annual Amount: 4486

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating), Central, Varies by Unit (Heating)
Cooling system: Electric, Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s), Central Air
Water source: Public

Building Details

Year built: 1925
Flooring type: Wood, Tile, Laminate
Building materials: Frame, Stucco
Roof type: Shingle

We can help!

Contact an agent

Thomas Caffrey

Listing agent Thomas Caffrey

Listing office Realty Pros Assured 900 W Granada Blvd Ste 3, Ormond Beach, FL

Listing date Sep 12, 2025

MLS# 1217843

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.

HighLights

10‑unit multifamily with unit mix including studios and 2‑bedroom units
Multiple unit updates reported; rents generating a little over a 10% cap with 2 vacancies
3 separate buildings with gated and on‑site parking options (parking lot, driveway, guest, and on‑street)
Access from US‑1 or Taylor
25‑acre Riverfront esplanade park and downtown reportedly within walking distance
Frame and stucco construction; shingle roof; public water and public sewer

Overview

This ten-unit multifamily property in Daytona Beach, Florida, offers income-generating potential with two vacancies. The property consists of three separate buildings with ample parking. The units vary from two-bedroom apartments to studios, and many have been updated. Access is available from both US-1 and Taylor Avenue. A nearly $10 million FDOT project is slated to begin in a few months to transform US-1 with new lighting, bicycle lanes, landscaping, and roadway improvements. The recently renovated 25-acre Riverfront esplanade park and downtown area are within walking distance. The property is located in Daytona Beach, Volusia County, Florida.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Daytona Beach
County: Volusia
State: Florida
Longitude: -81.028662
Latitude: 29.22077

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For sale
Apartment buildings
FL
Daytona Beach
32114
542 N Ridgewood Avenue

What type of property is this?

Apartment building - Ten-unit multifamily property with income potential in Daytona Beach.

Where is this apartment building located?

The property is located at 542 N Ridgewood Avenue Daytona Beach, FL.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 10‑unit multifamily with unit mix including studios and 2‑bedroom units; Multiple unit updates reported; rents generating a little over a 10% cap with 2 vacancies; 3 separate buildings with gated and on‑site parking options (parking lot, driveway, guest, and on‑street)

542 N Ridgewood Avenue, Daytona Beach, FL 32114

COMMERCIAL - Daytona Beach, FL

Property Features for 542 N Ridgewood Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

High-Visibility Retail Building

Daytona Beach Retail/Showroom Opportunity

Daytona Beach Commercial Property For Sale

High-Visibility A1A Retail Building

Historic Daytona Beach Mixed-Use Gem

Retail Building with Income Potential

Professional Office Building with Basement

Daytona Beach Commercial Opportunity

Three-Building Storefront Portfolio

Self-Serve Car Wash and Restaurant

Two-Story Retail Flex Building

Historic Fully Leased Hotel

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