Townhome-Style
For Sale
Contact for pricing
841 E 14th Avenue, New Smyrna Beach, FL 32169
R-4-zoned four-unit property with private outdoor space, attached garages, and beach-area positioning.
Property Size6,144 SF
Price / SF$276.68
Days on Market9
Property Features for 841 E 14th Avenue
General Information
Standard status
Active
Size
6,144 SF
Total Parking Spaces
12
Property subtype
Multifamily, Land
Net Operating Income
$21,013
Building Details
Year Built
1984
Stories
2
Units
4
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 682-8800
Listed By:
Carlos Ring · License #SL 3201477
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 8:00PM
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 Oceans Luxury Realty Full Service LLC
Investment Insights
Based on property information with market context.
This 1984-built quadplex contains four townhome-style residences, each with two bedrooms, 2.5 baths, approximately 1,216 square feet, an attached one-car garage, and a private fenced backyard. In-unit laundry hookups are provided. The property totals 6144 square feet, with two units occupied and two currently vacant. The roof dates to 2017; two HVAC systems were replaced in 2025, and 4 W/H's are to be installed.
Located in New Smyrna Beach’s short-term rental district, the property sits one block from the beach and minutes from Flagler Avenue, Canal Street, shopping, dining, parks, and the Atlantic Ocean. R-4 zoning is in place, and condominium ownership may be explored subject to City approvals.
Located in New Smyrna Beach’s short-term rental district, the property sits one block from the beach and minutes from Flagler Avenue, Canal Street, shopping, dining, parks, and the Atlantic Ocean. R-4 zoning is in place, and condominium ownership may be explored subject to City approvals.
Key Highlights
- Four‑unit quadplex with two occupied units and two vacant units
- Each residence offers 2 bedrooms, 2.5 baths, and approximately 1,216 square feet
- Every unit includes an attached one‑car garage and private fenced backyard
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
$53,898
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
3.17%
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%
$1,077,960
$1.1M
Cap Rate 7%
$769,971
$770.0K
Cap Rate 9%
$598,867
$598.9K
Market Conditions
NOI Build-Up for 6,144 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
$85.5K $13.92/SF
− Vacancy
−$8.5K −$1.39/SF
EGI
$77.0K $12.53/SF
− OpEx
−$23.1K −$3.76/SF
NOI
$53.9K $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 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%
$1,077,960
Cap Rate 7%
$769,971
Cap Rate 9%
$598,867
Alternative Uses
Best Use
Multifamily LT 5
$770.0K
$673.7K – $898.3K
NOI $53,898 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$668.8K
$585.2K – $780.3K
NOI $46,817 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,812 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 32169, FL
10,621
Population
12,339
Households
0.9
Avg Household Size
63
Median Age
49%
College-Educated
98%
High-School Grad
16.2 sq mi
ZIP Area
656
Density / Sq Mi
$99,260
Median Household Income
$65,500
Median Earnings
$1,754
Median Rent
$485,400
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?
Quadplex - R-4-zoned four-unit property with private outdoor space, attached garages, and beach-area positioning.
Where is this quadplex located?
The property is located at 841 E 14th Avenue New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: Four‑unit quadplex with two occupied units and two vacant units; Each residence offers 2 bedrooms, 2.5 baths, and approximately 1,216 square feet; Every unit includes an attached one‑car garage and private fenced backyard
