Triplex with Private Fenced
For Sale
$499,000
814 N Halifax Avenue, Daytona Beach, FL 32118
MULTI_FAMILY - Daytona Beach, FL
Property Size3,360 SF
Lot Size0.29 Acres
Price / SF$148.51
Days on Market28
Property Features for 814 N Halifax Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Land Use Code
Bedrooms
6
Bathrooms
5
Full bathrooms
3
Half bathrooms
3
Rooms
Bathroom 4, Bedroom 5, Bathroom 3, Bathroom 6, Bedroom 6, Bedroom 3, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Parking
3
Parking features
Parking Lot
Fencing
Fenced
Appliances
Washer, Refrigerator, Electric Range, Dryer, Dishwasher
Subdivision
East Daytona
Directions
From US1 and Mason, Cross Seabreeze Bridge Take First Left Approximately 3 blocks on the Right
Standard status
Active
APN
530501090120
Size
3,360 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 28 1/3 FT OF LOT 12 & S 38 1/3 FT OF LOT 13 BLK 9 CC POST ADD TO EAST DAYTONA MB 2 PG 106 PER OR 4424 PGS 0229-0231 IN C PER OR 5082 PG 4246 PER OR 7038 PG 2887 PER OR 7825 PG 096
Tax Annual Amount
9691
Legal Description
N 28 1/3 FT OF LOT 12 & S 38 1/3 FT OF LOT 13 BLK 9 CC POST ADD TO EAST DAYTONA MB 2 PG 106 PER OR 4424 PGS 0229-0231 IN C PER OR 5082 PG 4246 PER OR 7038 PG 2887 PER OR 7825 PG 096
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Amenities
fenced and gated back yard
washer and dryer in laundry area
Building Details
Year built
1983
Floors in Building
2
Number of units
3
Listing Agency:
Matok Realty & Management Inc
(386) 449-7797
Listed By:
David Levy
(386) 562-2002
Added: Jul 14
Changed: Jul 29
Last Checked: Aug 10 at 12:06PM
MLS# 1228589
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.
Investment Insights
Based on property information with market context.
This townhouse triplex offers three apartments, each with two bedrooms and 1.5 bathrooms. Each unit includes a full kitchen and a full living room, plus washer and dryer hookups in the laundry area. Interiors include appliances such as refrigerator, electric range, dishwasher, washer, and dryer, and the building is supported by central heating and central air conditioning. Outdoors, every apartment has a fenced and gated back yard and its own private designated parking.
The property is 0.29 acres (3,360 SF) and was built in 1983. The building has one water meter, while electric service is metered individually for each unit. All units are rented and occupied by tenants.
The triplex at 814 N Halifax Avenue is being sold together with the neighboring 818 N Halifax Ave triplex; both listings are separate, but the properties are required to be purchased together.
The property is 0.29 acres (3,360 SF) and was built in 1983. The building has one water meter, while electric service is metered individually for each unit. All units are rented and occupied by tenants.
The triplex at 814 N Halifax Avenue is being sold together with the neighboring 818 N Halifax Ave triplex; both listings are separate, but the properties are required to be purchased together.
Key Highlights
- Three apartments with two bedrooms and 1.5 bathrooms each
- Each unit has a fenced and gated back yard plus private designated parking
- 0.29 acres and 3,360 SF; built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,476
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,520
$589.5K
Cap Rate 7%
$421,086
$421.1K
Cap Rate 9%
$327,511
$327.5K
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$46.8K $13.92/SF
− Vacancy
−$4.7K −$1.39/SF
EGI
$42.1K $12.53/SF
− OpEx
−$12.6K −$3.76/SF
NOI
$29.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,520
Cap Rate 7%
$421,086
Cap Rate 9%
$327,511
Alternative Uses
Best Use
Multifamily LT 5
$421.1K
$368.5K – $491.3K
NOI $29,476 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$365.8K
$320.0K – $426.7K
NOI $25,603 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$990.7K
$866.9K – $1.16M
NOI $69,350 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
959
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Townhouse triplex with three units, each with private gated backyard space and designated parking.
Where is this triplex located?
The property is located at 814 N Halifax Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three apartments with two bedrooms and 1.5 bathrooms each; Each unit has a fenced and gated back yard plus private designated parking; 0.29 acres and 3,360 SF; built in 1983
