25-Unit Apartment
For Sale
$3,499,999
732 N Halifax Avenue, Daytona Beach, FL 32118
Residential Income, Daytona Beach, FL
Property Size25,108 SF
Lot Size0.43 Acres
Price / SF$139.40
Days on Market47
Property Features for 732 N Halifax Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Bedrooms
42
Bathrooms
42
Full bathrooms
42
Rooms
Bathroom 6, Bathroom 22, Bedroom 16, Bedroom 19, Bedroom 1, Bathroom 26, Bathroom 9, Bedroom 41, Bedroom 17, Bedroom 26, Bathroom 39, Bathroom 4, Bedroom 29, Bedroom 34, Bedroom 11, Bathroom 41, Bathroom 28, Bedroom 27, Bathroom 34, Bedroom 2, Bedroom 3, Bedroom 15, Bathroom 17, Bathroom 10, Bathroom 25, Bedroom 28, Bedroom 24, Bathroom 2, Bathroom 19, Bathroom 30, Bedroom 31, Bedroom 35, Bedroom 13, Bathroom 38, Bathroom 15, Bedroom 23, Bedroom 33, Bedroom 36, Bathroom 32, Bedroom 32, Bathroom 23, Bedroom 37, Bedroom 4, Bathroom 40, Bedroom 5, Bathroom 31, Bedroom 22, Bathroom 1, Bedroom 14, Bathroom 35, Bathroom 24, Bedroom 38, Bathroom 11, Bathroom 42, Bathroom 29, Bedroom 40, Bathroom 36, Bathroom 14, Bedroom 21, Bathroom 18, Bedroom 18, Bathroom 16, Bathroom 21, Bedroom 8, Bedroom 42, Bedroom 10, Bedroom 7, Bathroom 7, Bedroom 25, Bedroom 20, Bedroom 39, Bathroom 3, Bathroom 8, Bathroom 33, Bathroom 27, Bedroom 6, Bedroom 9, Bathroom 5, Bathroom 13, Bathroom 20, Bathroom 12, Bathroom 37, Bedroom 30, Bedroom 12
Parking
36
Parking features
Covered, Off Street, Assigned, Parking Lot
Security features
Security Lighting
Exterior features
Balcony, Impact Windows
Appliances
Refrigerator, Microwave, Electric Range
Subdivision
East Daytona
Lot features
Sprinklers In Front
View
City, Bridge, Marina, River
Directions
Mason St east to Seabreeze Bridge . Left on Halifax Ave. 1.5 blocks N of Seabreeze Blvd
Standard status
Active
APN
5305-01-08-0023
Size
25,108 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 1/2 OF LOT 2 BLK 8 EAST DAYTONA PER OR 3955 PG 0204 PER DC 5413 PG 4838 PER OR 5413 PGS 4869-4872 INC PER OR 6008 PGS 3152-3153 PER OR 6633 PG 2945 PER OR 6773 PG 2513
Tax Annual Amount
35227
Legal Description
W 1/2 OF LOT 2 BLK 8 EAST DAYTONA PER OR 3955 PG 0204 PER DC 5413 PG 4838 PER OR 5413 PGS 4869-4872 INC PER OR 6008 PGS 3152-3153 PER OR 6633 PG 2945 PER OR 6773 PG 2513
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Multi Units, Central Air, Separate Meters
Water source
Public
Amenities
central AC
outside balconies
coin operated laundry room
on site office
shop/store room
Building Details
Year built
1963
Floors in Building
3
Number of units
25
Flooring type
Tile
Building materials
Block, Concrete
Roof type
Membrane
Listing Agency:
Miller Real Estate and Assoc.
(386) 677-3002
Listed By:
Matt Gomes
(386) 864-1806
Added: Sep 1
Changed: Oct 15
Last Checked: Oct 17 at 3:06PM
MLS# 1230309
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.
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Investment Insights
Based on property information with market context.
This five-story apartment building in Daytona Beach contains 25 units with a mix of one- and two-bedroom layouts. The property measures 25,108 square feet on 0.43 acres and was built in 1963. Units feature central air, tile flooring, and individual cooling meters, while the concrete block construction includes updated windows and a membrane roof. Twenty units have exterior balconies. The property also includes an on-site office, shop and storage room, and a coin-operated laundry room with four seller-owned washers and four dryers.
Located at 732 N. Halifax Avenue, the building is positioned just blocks from the beach and offers views toward the Halifax River and Atlantic Intracoastal Waterway system. Public water and sewer serve the property, with assigned, off-street, lot, and covered parking available. The elevator piston was replaced in 2023, and the electrical service was updated from the street to the weatherhead in 2022.
Located at 732 N. Halifax Avenue, the building is positioned just blocks from the beach and offers views toward the Halifax River and Atlantic Intracoastal Waterway system. Public water and sewer serve the property, with assigned, off-street, lot, and covered parking available. The elevator piston was replaced in 2023, and the electrical service was updated from the street to the weatherhead in 2022.
Key Highlights
- 25 units with a mix of 1- and 2‑bedroom layouts
- 25,108 square feet on 0.43 acres
- Five‑story concrete block apartment building constructed in 1963
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-story apartment property with one- and two-bedroom layouts, central air, balconies, and Halifax River views.
Where is this apartment building located?
The property is located at 732 N Halifax Avenue 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 units with a mix of 1- and 2‑bedroom layouts; 25,108 square feet on 0.43 acres; Five‑story concrete block apartment building constructed in 1963
