Quadplex with Front and Back
For Sale
$399,999
Pending
635 Tanglewood Street, Daytona Beach, FL 32114
Four leased residences feature updated interiors, separate electric metering, and shared outdoor space for parking.
Property Size2,053 SF
Days on Market502
Property Features for 635 Tanglewood Street
General Information
Standard status
Pending
Size
2,053 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,433
Building Details
Year Built
1929
Buildings
1
Listing Agency:
Next Gen Realty
Listed By:
DeAnn Yount · License #0482522
(386) 492-7837
Source:
Exitrealty
Added: Jun 4, 2025
Changed: Sep 29
Last Checked: Sep 29 at 8:14AM
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 Next Gen Realty
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Investment Insights
Based on property information with market context.
This Daytona Beach quadplex contains four one-bedroom, one-bathroom residences, each with access to front and rear porches. All four units are leased. Property improvements include a roof replacement completed in 2017, foundation stabilization, refreshed interior and exterior paint, updated flooring, newer water heaters, replacement doors, and newer windows. The building was constructed in 1929 and measures 2,053 square feet.
Utility service includes four individual electric meters and one shared water meter. A large backyard provides parking for tenants and guests. The property is near shopping, dining, and the beach in Daytona Beach, Florida.
Utility service includes four individual electric meters and one shared water meter. A large backyard provides parking for tenants and guests. The property is near shopping, dining, and the beach in Daytona Beach, Florida.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units; all 4 are currently leased
- 2,053 square feet in a building constructed in 1929
- New roof installed in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,010
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,200
$360.2K
Cap Rate 7%
$257,286
$257.3K
Cap Rate 9%
$200,111
$200.1K
Market Conditions
NOI Build-Up for 2,053 SF
Gross rent
$28.6K $13.92/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$25.7K $12.53/SF
− OpEx
−$7.7K −$3.76/SF
NOI
$18.0K $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%
$360,200
Cap Rate 7%
$257,286
Cap Rate 9%
$200,111
Alternative Uses
Best Use
Multifamily LT 5
$257.3K
$225.1K – $300.2K
NOI $18,010 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$605.3K
$529.7K – $706.2K
NOI $42,374 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased residences feature updated interiors, separate electric metering, and shared outdoor space for parking.
Where is this quadplex located?
The property is located at 635 Tanglewood Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; all 4 are currently leased; 2,053 square feet in a building constructed in 1929; New roof installed in 2017
