2-Unit Duplex Near the
New
For Sale
$395,000
601 Vermont Ave, Daytona Beach, FL 32118
Both residences have in-unit laundry, stainless steel appliances, and open floor plans.
Property Size1,808 SF
Price / SF$218.47
Days on Market6
Property Features for 601 Vermont Ave
General Information
Standard status
Active
Size
1,808 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
stainless steel appliances
Building Details
Year Built
1949
Buildings
1
Listing Agency:
RE/MAX Signature
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 7:29AM
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 RE/MAX Signature
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Investment Insights
Based on property information with market context.
This 1,808-square-foot duplex, built in 1949, contains two separate residences: one with two bedrooms and two bathrooms, and an upstairs unit with two bedrooms and one bathroom. Each has an open floor plan, laminate flooring, stainless steel appliances, and its own laundry. Hurricane windows are installed throughout, and the exterior has been freshly painted.
The property is one block from the ocean in Daytona Beach. Restaurants, shops, the Halifax River, and area attractions are also accessible from the property.
The property is one block from the ocean in Daytona Beach. Restaurants, shops, the Halifax River, and area attractions are also accessible from the property.
Key Highlights
- Two residences totaling 1,808 square feet
- Unit mix: one 2‑bedroom, 2‑bathroom residence and one upstairs 2‑bedroom, 1‑bathroom residence
- Separate laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,861
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,220
$317.2K
Cap Rate 7%
$226,586
$226.6K
Cap Rate 9%
$176,233
$176.2K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$25.2K $13.92/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$22.7K $12.53/SF
− OpEx
−$6.8K −$3.76/SF
NOI
$15.9K $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%
$317,220
Cap Rate 7%
$226,586
Cap Rate 9%
$176,233
Alternative Uses
Best Use
Multifamily LT 5
$226.6K
$198.3K – $264.4K
NOI $15,861 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$196.8K
$172.2K – $229.6K
NOI $13,777 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,317 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
648
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have in-unit laundry, stainless steel appliances, and open floor plans.
Where is this duplex located?
The property is located at 601 Vermont Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two residences totaling 1,808 square feet; Unit mix: one 2‑bedroom, 2‑bathroom residence and one upstairs 2‑bedroom, 1‑bathroom residence; Separate laundry in each unit
