Three-Unit Townhouse
For Sale
$499,000
818 N Halifax Ave, Daytona Beach, FL 32118
Three occupied apartments offer private outdoor areas, designated parking, full kitchens, and in-unit laundry areas.
Property Size3,360 SF
Price / SF$148.51
Days on Market47
Property Features for 818 N Halifax Ave
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,694
Listing Agency:
Matok Realty & Management Inc
(386) 562-2002
Listed By:
David Levy
(386) 562-2002
Source:
Exprealty
Added: Jul 14
Changed: Aug 21
Last Checked: Aug 28 at 3:57PM
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 Matok Realty & Management Inc
Investment Insights
Based on property information with market context.
This townhouse-style triplex contains three apartments within a 3,360-square-foot building. Each residence has two bedrooms, one and a half bathrooms, a full kitchen, a living room, and a laundry area with a washer and dryer. Recent updates are present throughout the units, which are currently occupied by tenants.
Every apartment includes a fenced, gated backyard and individually designated parking. The property has one water meter for the building and separate electric meters for each unit. The triplex at 814 N Halifax Ave is also identified as part of a required combined purchase with this property; the two buildings are listed separately but must be acquired together.
Every apartment includes a fenced, gated backyard and individually designated parking. The property has one water meter for the building and separate electric meters for each unit. The triplex at 814 N Halifax Ave is also identified as part of a required combined purchase with this property; the two buildings are listed separately but must be acquired together.
Key Highlights
- Three apartments, each with 2 bedrooms and 1.5 bathrooms
- 3,360‑square‑foot townhouse‑style triplex at 818 N Halifax Ave, Daytona Beach, FL
- Each unit includes a full kitchen, living room, and washer and dryer
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
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments offer private outdoor areas, designated parking, full kitchens, and in-unit laundry areas.
Where is this triplex located?
The property is located at 818 N Halifax Ave 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, each with 2 bedrooms and 1.5 bathrooms; 3,360‑square‑foot townhouse‑style triplex at 818 N Halifax Ave, Daytona Beach, FL; Each unit includes a full kitchen, living room, and washer and dryer
