Two-Unit Duplex with New
New
For Sale
$249,000
909 Winchester St, Daytona Beach, FL 32114
Residential duplex with separate units, including an upstairs three-bedroom, two-bath residence and covered laundry area.
Property Size1,792 SF
Price / SF$138.95
Days on Market2
Property Features for 909 Winchester St
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 618 sq ft, 1 x 3BR/2BA 960 sq ft
Multifamily Units
2
Amenities
outside covered laundry
storage
Building Details
Year Built
1941
Listing Agency:
Fame Real Estate LLC
(386) 871-7697
Listed By:
Ron Wysocarski · License #3046851
(386) 871-7697
Source:
Ronsellsthebeach
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 2:50PM
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 Fame Real Estate LLC
Investment Insights
Based on property information with market context.
This Daytona Beach duplex contains two residential units totaling 1,792 square feet. The 909 Winchester unit is a 618 Sq Ft house and is currently tenant occupied. The 911 Winchester unit is a 960 Sq Ft upstairs residence with three bedrooms and two baths. Lower-level space at 911 Winchester can be used for storage.
Property improvements include a roof installed in 2023, 13 new windows at 911 Winchester, fresh paint, tile flooring, and a new AC wall unit at 911 Winchester. The property also includes covered laundry outside the 911 Winchester unit. Built in 1941, the duplex offers a defined two-unit configuration with a mix of existing occupancy and updated features.
Property improvements include a roof installed in 2023, 13 new windows at 911 Winchester, fresh paint, tile flooring, and a new AC wall unit at 911 Winchester. The property also includes covered laundry outside the 911 Winchester unit. Built in 1941, the duplex offers a defined two-unit configuration with a mix of existing occupancy and updated features.
Key Highlights
- Two‑unit duplex totaling 1,792 square feet
- 909 Winchester unit: 618 Sq Ft house, currently tenant occupied
- 911 Winchester unit: 960 Sq Ft upstairs unit with 3 bedrooms and 2 baths
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
$15,720
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
6.31%
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%
$314,400
$314.4K
Cap Rate 7%
$224,571
$224.6K
Cap Rate 9%
$174,667
$174.7K
Market Conditions
NOI Build-Up for 1,792 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
$24.9K $13.92/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$22.5K $12.53/SF
− OpEx
−$6.7K −$3.76/SF
NOI
$15.7K $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 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%
$314,400
Cap Rate 7%
$224,571
Cap Rate 9%
$174,667
Alternative Uses
Best Use
Multifamily LT 5
$224.6K
$196.5K – $262.0K
NOI $15,720 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$195.1K
$170.7K – $227.6K
NOI $13,655 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$528.4K
$462.3K – $616.5K
NOI $36,987 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
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?
Duplex - Residential duplex with separate units, including an upstairs three-bedroom, two-bath residence and covered laundry area.
Where is this duplex located?
The property is located at 909 Winchester St 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‑unit duplex totaling 1,792 square feet; 909 Winchester unit: 618 Sq Ft house, currently tenant occupied; 911 Winchester unit: 960 Sq Ft upstairs unit with 3 bedrooms and 2 baths
