Updated Two-Unit
For Sale
$249,000
Pending
820 Narcissus Ave, Daytona Beach, FL 32117
Both residences are leased and include individual mini-split HVAC systems.
Property Size1,240 SF
Days on Market58
Property Features for 820 Narcissus Ave
General Information
Standard status
Pending
Size
1,240 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Listing Agency:
Lpt Realty, LLC
Listed By:
Kevin Kling · License #3046851
(386) 999-4006
Source:
386realestate
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 12 at 7:53PM
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 1,240-square-foot duplex contains two fully occupied residences, each configured with one bedroom and one bathroom. Individual energy-efficient mini-split HVAC systems serve the units, while a roof replacement completed in late 2023 adds a recent major improvement.
The property provides a compact multifamily configuration with immediate rental occupancy and an estimated 7.64 cap rate based on current operating assumptions. Its two-unit layout and updated mechanical and roofing components support ongoing residential income use.
The property provides a compact multifamily configuration with immediate rental occupancy and an estimated 7.64 cap rate based on current operating assumptions. Its two-unit layout and updated mechanical and roofing components support ongoing residential income use.
Key Highlights
- Two fully occupied 1‑bedroom, 1‑bathroom units
- 1,240 SF duplex configuration
- Energy‑efficient mini‑split HVAC systems in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,878
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,560
$217.6K
Cap Rate 7%
$155,400
$155.4K
Cap Rate 9%
$120,867
$120.9K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$17.3K $13.92/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$15.5K $12.53/SF
− OpEx
−$4.7K −$3.76/SF
NOI
$10.9K $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%
$217,560
Cap Rate 7%
$155,400
Cap Rate 9%
$120,867
Alternative Uses
Best Use
Multifamily LT 5
$155.4K
$136.0K – $181.3K
NOI $10,878 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,449 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Check the figures for this property
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?
Duplex - Both residences are leased and include individual mini-split HVAC systems.
Where is this duplex located?
The property is located at 820 Narcissus Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two fully occupied 1‑bedroom, 1‑bathroom units; 1,240 SF duplex configuration; Energy‑efficient mini‑split HVAC systems in each unit
