Duplex with Separate
New
For Sale
$395,000
601 Vermont Avenue, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size1,808 SF
Lot Size0.06 Acres
Price / SF$218.47
Days on Market1
Property Features for 601 Vermont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking
2
Parking features
Assigned
Subdivision
Not In Subdivision
Lot features
Corner Lot
Elementary school
R J Longstreet
Middle school
Campbell
High school
Mainland
Directions
Head toward S Wild Olive Ave, Turn right onto S Grandview Ave, Turn left onto Vermont Ave, Destination will be on the left
Standard status
Active
APN
5309-09-05-0121
Size
1,808 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 50 FT MEASURED ON GRANDVIEW & 60 FT ON E LINE OF LOT 12 DB 304 PG 363 BLK 5 DAVIS DAYTONA BEACH PER OR 3879 PG 2836 PER OR 7679 PGS 766-769 & 908 PER OR 7700 PG 1592 PER OR 7998 PG 4719
Tax Annual Amount
4828
Legal Description
S 50 FT MEASURED ON GRANDVIEW & 60 FT ON E LINE OF LOT 12 DB 304 PG 363 BLK 5 DAVIS DAYTONA BEACH PER OR 3879 PG 2836 PER OR 7679 PGS 766-769 & 908 PER OR 7700 PG 1592 PER OR 7998 PG 4719
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1949
Number of units
2
Flooring type
Laminate
Building materials
Block, Concrete
Roof type
Shingle
Buildings
1
Listing Agency:
Redfin Corporation
(407) 415-7078
Listed By:
Tammy Shaver
(386) 409-1926
Added: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 1232080
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.
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Investment Insights
Based on property information with market context.
This 1,808-square-foot duplex contains two units: one with 2 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom. Both have open floor plans, laminate flooring, stainless steel appliances, and in-unit laundry. The building was constructed in 1949 and has block and concrete construction, central air conditioning, central electric heat, and hurricane windows. The exterior has been freshly painted.
The property occupies a 0.06-acre lot in Daytona Beach, one block from the ocean. The beach, restaurants, shopping, the Halifax River, and local attractions are accessible from the property. Public water and sewer serve the site; cable is available.
The property occupies a 0.06-acre lot in Daytona Beach, one block from the ocean. The beach, restaurants, shopping, the Halifax River, and local attractions are accessible from the property. Public water and sewer serve the site; cable is available.
Key Highlights
- Two units totaling 1,808 square feet
- Unit mix: one 2‑bedroom, 2‑bathroom unit and one 2‑bedroom, 1‑bathroom unit
- Built in 1949 on a 0.06‑acre lot
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 - Two independently configured units offer a combined four bedrooms and separate laundry facilities.
Where is this duplex located?
The property is located at 601 Vermont Avenue 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 units totaling 1,808 square feet; Unit mix: one 2‑bedroom, 2‑bathroom unit and one 2‑bedroom, 1‑bathroom unit; Built in 1949 on a 0.06‑acre lot
