Five-Story Apartment Building with River
For Sale
$3,499,999
732 N Halifax Ave, Daytona Beach, FL 32118
Established multifamily property with balconies, elevator service, central AC, and on-site laundry facilities.
Property Size25,108 SF
Price / SF$139.40
Days on Market48
Property Features for 732 N Halifax Ave
General Information
Standard status
Active
Size
25,108 SF
Elevators
Yes
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
25
Amenities
central AC
balconies
coin laundry
on-site office
shop/store room
Building Details
Year Built
1963
Buildings
1
Stories
5
Construction
concrete block
Listing Agency:
Keller Williams Realty Florida Partners
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 16 at 8:44AM
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 Keller Williams Realty Florida Partners
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Investment Insights
Based on property information with market context.
This five-story apartment building contains 25 units with a mix of one- and two-bedroom layouts. Each apartment has central AC, while 20 units include outside balconies. Concrete block construction, updated windows installed in 2012, and a 30-year roof installed in 2012 are among the property improvements. The elevator piston was replaced in 2023, and the building includes an on-site office and shop or storage room.
The property is located at 732 N. Halifax Avenue in Daytona Beach, just blocks from the beach, with views toward the Halifax River and Atlantic Intracoastal Waterway system. A coin-operated laundry room includes four seller-owned washers and four seller-owned dryers. FPL completed a new service from the street to the weather-head in 2022.
The property is located at 732 N. Halifax Avenue in Daytona Beach, just blocks from the beach, with views toward the Halifax River and Atlantic Intracoastal Waterway system. A coin-operated laundry room includes four seller-owned washers and four seller-owned dryers. FPL completed a new service from the street to the weather-head in 2022.
Key Highlights
- 25‑unit apartment building with a mix of 1- and 2‑bedroom layouts
- Five‑story concrete block construction with a 30‑year roof installed in 2012
- 20 of 25 units include outside balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,324
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,826,480
$3.8M
Cap Rate 7%
$2,733,200
$2.7M
Cap Rate 9%
$2,125,822
$2.1M
Market Conditions
NOI Build-Up for 25,108 SF
Gross rent
$388.7K $15.48/SF
− Vacancy
−$40.8K −$1.63/SF
EGI
$347.9K $13.85/SF
− OpEx
−$156.5K −$6.23/SF
NOI
$191.3K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,826,480
Cap Rate 7%
$2,733,200
Cap Rate 9%
$2,125,822
Alternative Uses
Best Use
Apartment 5plus
$2.73M
$2.39M – $3.19M
NOI $191,324 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.40M
$6.48M – $8.64M
NOI $518,229 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
25
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,043
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
Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily property with balconies, elevator service, central AC, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 732 N Halifax Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $3,499,999.
What are key features of this property?
This property features: 25‑unit apartment building with a mix of 1- and 2‑bedroom layouts; Five‑story concrete block construction with a 30‑year roof installed in 2012; 20 of 25 units include outside balconies
