Triplex with Two-Car
New
For Sale
$395,000
613 Harvey Avenue, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size1,860 SF
Lot Size0.11 Acres
Price / SF$212.37
Days on Market3
Property Features for 613 Harvey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 2
Parking features
RV, Garage, Off Street
Appliances
Refrigerator, Electric Range
Subdivision
Rogers Seabreeze
Lot features
Corner Lot
View
Ocean
Directions
From Daytona International Airport head toward Midway Ave; Turn right onto W International Speedway Blvd; Turn Left onto S Atlantic Ave; Turn Left onto Harvey Ave; Proceed until you reach 613-611 Harvey Ave. Daytona Beach, FL 32118
Standard status
Active
APN
5304-01-11-0140
Size
1,860 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 50 FT OF LOTS 13 & 14 BLK 11 ROGERS SEABREEZE PER OR 3737 PG 3314 PER OR 5707 PGS 3779-3780 PER OR 6726 PG 2133 PER OR 7346 PG 2872 PER OR 7346 PG 3075
Tax Annual Amount
4423
Legal Description
E 50 FT OF LOTS 13 & 14 BLK 11 ROGERS SEABREEZE PER OR 3737 PG 3314 PER OR 5707 PGS 3779-3780 PER OR 6726 PG 2133 PER OR 7346 PG 2872 PER OR 7346 PG 3075
Utilities
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1915
Number of units
3
Building materials
Block, Concrete, Frame
Roof type
Shingle
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Mike Bretzel · License #SL3288645
(386) 631-5757
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 3 at 5:06AM
MLS# 1231403
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 1,860-square-foot triplex comprises two buildings on a 0.11-acre corner lot. The main structure contains two apartments: a tenant-occupied first-floor unit and an available upstairs unit measuring 880 square feet. Both have a living area, bedroom, office or second bedroom, full kitchen, and full bathroom. The upstairs apartment also features an enclosed front balcony with ocean views and a rear patio. A second, block-constructed building combines a two-car garage with a separate studio apartment equipped with a kitchenette and full bathroom. Electric service is separately metered, and both buildings received newer roofs at the end of 2022. The property was built in 1915.
The property is two blocks from the Atlantic Ocean in Daytona Beach. Public water and sewer serve the site.
The property is two blocks from the Atlantic Ocean in Daytona Beach. Public water and sewer serve the site.
Key Highlights
- Three living spaces across two buildings
- 1,860 square feet on a 0.11‑acre corner lot
- Upstairs apartment measures 880 square feet and has an ocean‑view enclosed balcony
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces include a vacant studio with a kitchenette and full bathroom.
Where is this triplex located?
The property is located at 613 Harvey 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: Three living spaces across two buildings; 1,860 square feet on a 0.11‑acre corner lot; Upstairs apartment measures 880 square feet and has an ocean‑view enclosed balcony
