Beach-Area Four-Unit
For Sale
$1,199,900
841 E 14th Ave, New Smyrna Beach, FL 32169
R-4 property with four townhome-style units, private fenced yards, garages, and proximity to the Atlantic Ocean.
Property Size4,864 SF
Price / SF$246.69
Days on Market81
Property Features for 841 E 14th Ave
General Information
Standard status
Active
Size
4,864 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R-4
Units
Unit Mix
4 x 2BR/2.5BA
Multifamily Units
4
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$17,927
Amenities
private fenced backyard
in-unit laundry hookups
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Carlos Ring · License #SL3201477
(386) 682-8800
Source:
Exprealty
Added: Aug 4
Changed: Oct 15
Last Checked: Oct 20 at 10:59PM
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
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Investment Insights
Based on property information with market context.
This four-unit quadplex contains four townhome-style residences, each with two bedrooms, 2.5 baths, approximately 1,216 square feet, an attached one-car garage, a private fenced backyard, and in-unit laundry hookups. The property totals 4,864 square feet and is zoned R-4. Two units are occupied, while two are vacant. The roof was replaced in 2017, and two HVAC systems were replaced in 2025. Four water heaters are scheduled for installation.
Located at 841 E 14th Ave in New Smyrna Beach, the property is one block from the beach and near Flagler Avenue, Canal Street, shopping, dining, parks, and the Atlantic Ocean. Condominium ownership is identified as a possibility subject to City approvals.
Located at 841 E 14th Ave in New Smyrna Beach, the property is one block from the beach and near Flagler Avenue, Canal Street, shopping, dining, parks, and the Atlantic Ocean. Condominium ownership is identified as a possibility subject to City approvals.
Key Highlights
- Four‑unit quadplex totaling 4,864 square feet
- Each residence offers 2 bedrooms, 2.5 baths, and approximately 1,216 square feet
- Two units occupied and two units vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,670
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,400
$853.4K
Cap Rate 7%
$609,571
$609.6K
Cap Rate 9%
$474,111
$474.1K
Market Conditions
NOI Build-Up for 4,864 SF
Gross rent
$67.7K $13.92/SF
− Vacancy
−$6.8K −$1.39/SF
EGI
$61.0K $12.53/SF
− OpEx
−$18.3K −$3.76/SF
NOI
$42.7K $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%
$853,400
Cap Rate 7%
$609,571
Cap Rate 9%
$474,111
Alternative Uses
Best Use
Multifamily LT 5
$609.6K
$533.4K – $711.2K
NOI $42,670 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$529.5K
$463.3K – $617.7K
NOI $37,064 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,393 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - R-4 property with four townhome-style units, private fenced yards, garages, and proximity to the Atlantic Ocean.
Where is this quadplex located?
The property is located at 841 E 14th Ave New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Four‑unit quadplex totaling 4,864 square feet; Each residence offers 2 bedrooms, 2.5 baths, and approximately 1,216 square feet; Two units occupied and two units vacant
