South Daytona Multifamily Investment
644 Northern Road, South Daytona, FL 32119
COMMERCIAL - South Daytona, FL
Property size:
8,016 SFLot size:
0.45 AcresPrice / SF:
$119/SF- Added:
- Dec 10, 2025
- Days on Market:
- 200
- Last Refresh:
- Jun 28 at 11:06 pm
Property Features for 644 Northern Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 12
- Rooms
- Bathroom 62, Bathroom 14, Bathroom 39, Bathroom 72, Bathroom 17, Bathroom 21, Bathroom 9, Bathroom 34, Bathroom 27, Bathroom 23, Bathroom 76, Bathroom 20, Bathroom 16, Bathroom 74, Bathroom 25, Bathroom 36, Bathroom 86, Bathroom 68, Bathroom 46, Bathroom 30, Bathroom 80, Bathroom 10, Bathroom 41, Bathroom 15, Bathroom 6, Bathroom 54, Bathroom 66, Bathroom 42, Bathroom 48, Bathroom 38, Bathroom 83, Bathroom 29, Bathroom 18, Bathroom 31, Bathroom 55, Bathroom 79, Bathroom 4, Bathroom 64, Bathroom 81, Bathroom 12, Bathroom 77, Bathroom 43, Bathroom 51, Bathroom 47, Bathroom 82, Bathroom 37, Bathroom 69, Bathroom 24, Bathroom 60, Bathroom 33, Bathroom 11, Bathroom 49, Bathroom 19, Bathroom 8, Bathroom 65, Bathroom 58, Bathroom 61, Bathroom 90, Bathroom 73, Bathroom 26, Bathroom 75, Bathroom 22, Bathroom 78, Bathroom 3, Bathroom 71, Bathroom 53, Bathroom 57, Bathroom 70, Bathroom 67, Bathroom 2, Bathroom 5, Bathroom 44, Bathroom 88, Bathroom 56, Bathroom 89, Bathroom 1, Bathroom 35, Bathroom 52, Bathroom 13, Bathroom 59, Bathroom 85, Bathroom 63, Bathroom 84, Bathroom 40, Bathroom 32, Bathroom 28, Bathroom 7, Bathroom 87, Bathroom 50, Bathroom 45
- Parking features
- Assigned, Off Street
- Standard status
- Active
- APN
- 5329-13-19-0011
- Size
- 8,016 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E 139.67 FT OF LOT 1 BLK 19 GOLFVIEW SEC 11 MB 32 PG 167 PER OR 4852 PG 4281 PER OR 7000 PG 2317 PER OR 7253 PG 3409 PER OR 8250 PG 2358 PER OR 8483 PG 1146
- Tax Annual Amount
- 13803
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Laminate, Tile
- Building materials
- Block, Frame, Stucco
- Roof type
- Rolled Hot Mop
Listing agent Matthew Renshaw (386) 566-1233
Listing office Realty Pros Assured 2110 Ocean Shore Blvd. Ste B, Ormond Beach, FL (386) 441-7653
Listing date Dec 10, 2025
MLS# 1220741
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.
HighLights
- 6 x 2‑bedroom townhouse‑style units; all units are fully rented on annual leases
- Approximately 7.5% cap rate (as stated in the remarks)
- Tenants pay their own utilities, helping keep owner expenses minimal (as stated in the remarks)
- Built in 1981 with block, frame, and stucco construction
- Central Air and central electric heating; public water and public sewer
- Rolled hot mop roof with laminate and tile flooring; assigned and off‑street parking
Overview
Located in South Daytona, this multifamily complex features six two-bedroom townhouse-style units. The units are fully rented on annual leases, with some long-term tenants. Tenants are responsible for their own utilities, which minimizes owner expenses. The complex is situated a short drive from the beach and offers proximity to schools, shopping, restaurants, medical facilities, and golf courses. The property size is 8016 square feet, situated on a 0.45-acre lot.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.1k | $15.48 |
| − Vacancy | −$13.0k | −$1.63 |
| EGI | $111.1k | $13.85 |
| − OpEx | −$50.0k | −$6.23 |
| NOI | $61.1k | $7.62 |
8,016 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$872.6K
$763.5K – $1.02M
NOI $61,082 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,450 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- South Daytona
- County
- Volusia
- State
- Florida
- Longitude
- -81.015909
- Latitude
- 29.179444
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six townhouse-style units, fully rented, near beach, schools, and amenities.
Where is this apartment building located?
The property is located at 644 Northern Road South Daytona, FL.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 6 x 2‑bedroom townhouse‑style units; all units are fully rented on annual leases; Approximately 7.5% cap rate (as stated in the remarks); Tenants pay their own utilities, helping keep owner expenses minimal (as stated in the remarks)
