Daytona Beach Multifamily Investment
600 S Segrave Street Daytona Beach, FL 32114
600 S Segrave Street, Daytona Beach, FL, 32114
$449,000
For Sale
$449,000
MULTI_FAMILY - Daytona Beach, FL
Property Size2,016 SF
Lot Size0.20 Acres
Price / SF$222.72
Days on Market279
Property Features for 600 S Segrave Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Parking
- 10
- Parking features
- Driveway, Guest
- Security features
- Security Lighting
- Fencing
- Chain Link
- Appliances
- Refrigerator, Electric Water Heater, Electric Range
- Standard status
- Active
- APN
- 5339-48-00-0010
- Size
- 2,016 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 1 & N 42 1/2 FT OF LOT 2 PECK SUB BLK 28 DAYTONA PER OR 5301 PG 1425 PER OR 7762 PG 3191 PER OR 7776 PG 4686 PER OR 7867 PG 2326 PER OR 8255 PG 0060
- Tax Annual Amount
- 5213
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Separate Meters
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Block, Stucco
- Roof type
- Shingle
Listing Agency
Adams, Cameron & Co., Realtors
(386) 258-5500
600 S Atlantic Ave, Daytona Beach, FL
Listed by
Janet Lustik · License #0700152
(386) 253-8044
Added: Oct 13, 2025 Checked: Jul 18 at 11:06 pm
MLS# 1218872
Listing URL
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 solid block-construction multifamily property features four spacious 1-bedroom, 1-bath units with functional open-concept layouts. The property has a strong occupancy history and significant long-term rental upside potential. It has maintained consistent occupancy over multiple years and benefits from strong workforce housing demand due to its proximity to Daytona Beach, major employers, shopping, dining, and several nearby colleges and universities. Recent capital improvements include a brand-new roof (2025), updated bathroom vanities (2022), and new stoves and refrigerators in Units 1 and 4 (2022). Situated on a desirable corner lot with additional parking and excellent accessibility, the property offers investors a blend of current income, operational stability, and future NOI growth potential. Current rents remain materially below prevailing South Daytona market rates, creating a value-add and rent stabilization opportunity for investors seeking long-term cash flow growth and appreciation potential. Comparable market rents for similar 1-bedroom units in the area suggest meaningful upside through gradual rent normalization over time. This is an excellent opportunity to acquire a fully occupied income-producing asset with measurable upside in one of Volusia County's established rental corridors. The property is located in Daytona Beach, FL, in Volusia County. The lot size is 0.2 acres, and the property size is 2016 square feet.
Key Highlights
- 4‑plex with four 1‑bedroom, 1‑bath units and tile flooring
- Solid block construction with stucco exterior; roof is shingle and newly installed in 2025
- Recent updates include new bathroom vanities (2022) and new stoves and refrigerators in Units 1 and 4 (2022)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $13.92 |
| − Vacancy | −$2.8k | −$1.39 |
| EGI | $25.3k | $12.53 |
| − OpEx | −$7.6k | −$3.76 |
| NOI | $17.7k | $8.77 |
2,016 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.6K
$221.1K – $294.8K
NOI $17,685 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$219.5K
$192.0K – $256.0K
NOI $15,362 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Value-add 4-unit property with rental upside in South Daytona.
Where is this quadplex located?
The property is located at 600 S Segrave Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 4‑plex with four 1‑bedroom, 1‑bath units and tile flooring; Solid block construction with stucco exterior; roof is shingle and newly installed in 2025; Recent updates include new bathroom vanities (2022) and new stoves and refrigerators in Units 1 and 4 (2022)
