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 Market57
Property Features for 818 N Halifax Ave
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multi-Family
Building Details
Year Built
1983
Listing Agency:
Lpt Realty, LLC
Listed By:
Kevin Kling · License #3046851
(386) 999-4006
Source:
386realestate
Added: Aug 18
Changed: Oct 13
Last Checked: Oct 12 at 7:23PM
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 Lpt Realty, LLC
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 / Yr
$29,476
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
