Historic Duplex with Guest
724 N OLEANDER AVENUE Daytona Beach, FL 32118
For Sale
$499,999
Two-story main house with four bedrooms and a separate guest house, each offering distinct living space.
Property Size3,315 SF
Price / SF$150.83
Days on Market534
Property Features for 724 N OLEANDER AVENUE
General Information
- Standard status
- Active
- Size
- 3,315 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1926
Listing Agency:
NEXT GEN REALTY
(386) 212-6537
Listed By:
Doris Yount · License #482522
(386) 212-6537
Source:
Exitrealty
Added: Feb 5, 2025
Changed: Jul 21
Last Checked: Jul 23 at 7:39AM
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
Investment Insights
Based on property information with market context.
This property features a main house and an attached guest house, arranged for flexible living or rental use. The main house is two stories and includes four bedrooms and 3.5 bathrooms, with spacious room sizes throughout. The kitchen has Mexican tile and was updated a few years ago. The primary bedroom is located downstairs, with three additional bedrooms and two bathrooms upstairs. Most floors are hardwood, with the family room using different flooring.
Access between the main house and the attached back house is described through a porte-cochère. The guest house has two bedrooms and one bathroom and includes a more modern interior with tile floors. A separate washer and dryer hookup is available in the garage for the back house.
The property is positioned in the Historic Seabreeze District, offering a blend of residential character and a configuration that can support both on-site living and additional rental income.
Access between the main house and the attached back house is described through a porte-cochère. The guest house has two bedrooms and one bathroom and includes a more modern interior with tile floors. A separate washer and dryer hookup is available in the garage for the back house.
The property is positioned in the Historic Seabreeze District, offering a blend of residential character and a configuration that can support both on-site living and additional rental income.
Key Highlights
- Historic Seabreeze District home built in 1926 with a 2‑story main house plus a separate guest/back house
- Main house features 4 bedrooms and 3.5 baths, with the primary bedroom downstairs
- Upstairs in the main house offers 3 bedrooms and 2 baths
Financial Insights For Multifamily LT 5
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 | $46.1k | $13.92 |
| − Vacancy | −$4.6k | −$1.39 |
| EGI | $41.5k | $12.53 |
| − OpEx | −$12.5k | −$3.76 |
| NOI | $29.1k | $8.77 |
3,315 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.4K
$363.5K – $484.7K
NOI $29,081 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$360.9K
$315.8K – $421.0K
NOI $25,260 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$977.5K
$855.3K – $1.14M
NOI $68,422 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-story main house with four bedrooms and a separate guest house, each offering distinct living space.
Where is this duplex located?
The property is located at 724 N OLEANDER AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Historic Seabreeze District home built in 1926 with a 2‑story main house plus a separate guest/back house; Main house features 4 bedrooms and 3.5 baths, with the primary bedroom downstairs; Upstairs in the main house offers 3 bedrooms and 2 baths
