Triplex with Two-Car
For Sale
$395,000
613 Harvey Ave, Daytona Beach, FL 32118
Three living spaces include a tenant-occupied apartment and two vacant units, with separate electric meters.
Property Size1,860 SF
Price / SF$212.37
Days on Market10
Property Features for 613 Harvey Ave
General Information
Standard status
Active
Size
1,860 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1915
Buildings
2
Listing Agency:
Lpt Realty, LLC
Listed By:
Kevin Kling · License #3046851
(386) 999-4006
Source:
386realestate
Added: Oct 4
Changed: Oct 13
Last Checked: Oct 12 at 8:22PM
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 Lpt Realty, LLC
Investment Insights
Based on property information with market context.
Two buildings on a corner parcel provide three living spaces, a two-car garage, and additional storage potential. The main structure contains two apartments: the lower unit has a living room, bedroom, office or second bedroom, kitchen, and full bath; the upper unit measures 880 square feet and includes a living room, bedroom, office or second bedroom, kitchen, full bath, rear patio, and enclosed front balcony with ocean views. A separate studio in the second building has a kitchenette and full bath. The lower apartment is tenant occupied; the upper apartment and studio are vacant. The property totals 1,860 square feet, was built in 1915, and has separate electric meters. Both structures received newer roofs at the end of 2022.
The property is two blocks from the Atlantic Ocean. The garage offers space for vehicles or storage, and the three-unit layout includes both occupied and vacant units.
The property is two blocks from the Atlantic Ocean. The garage offers space for vehicles or storage, and the three-unit layout includes both occupied and vacant units.
Key Highlights
- Three living spaces across two buildings on a corner lot
- 1,860 square feet; built in 1915
- Two‑car garage and separate storage potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,317
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,340
$326.3K
Cap Rate 7%
$233,100
$233.1K
Cap Rate 9%
$181,300
$181.3K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$25.9K $13.92/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$23.3K $12.53/SF
− OpEx
−$7.0K −$3.76/SF
NOI
$16.3K $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%
$326,340
Cap Rate 7%
$233,100
Cap Rate 9%
$181,300
Alternative Uses
Best Use
Multifamily LT 5
$233.1K
$204.0K – $272.0K
NOI $16,317 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$202.5K
$177.2K – $236.2K
NOI $14,173 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$548.4K
$479.9K – $639.8K
NOI $38,390 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three living spaces include a tenant-occupied apartment and two vacant units, with separate electric meters.
Where is this triplex located?
The property is located at 613 Harvey 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: Three living spaces across two buildings on a corner lot; 1,860 square feet; built in 1915; Two‑car garage and separate storage potential
