Two-Unit Duplex with New
New
For Sale
$249,000
909 Winchester Street, Daytona Beach, FL 32114
Residential Income, Daytona Beach, FL
Property Size1,792 SF
Lot Size0.25 Acres
Price / SF$138.95
Days on Market5
Property Features for 909 Winchester Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Off Street
Appliances
Refrigerator, Electric Water Heater, Electric Range
Subdivision
Sunnyland Park
Lot features
Dead End Street
Directions
From International Speedway Boulevard (US-92) and North Nova Road: Head north on N. Nova Road, to Madison Ave turn right, turn left on Tomoka Rd and left onto Winchester St.
Standard status
Active
APN
5238-12-00-0940
Size
1,792 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 E 1/2 OF LOT 93 & LOTS 94 95 & 96 SUNNYLAND PARK PLAT NO 5 MB 6 PG 114 MB 20 PG 71 INC PER OR 4887 PG 0374 PER OR 8479 PG 3905
Tax Annual Amount
3379
Legal Description
38-15-33 E 1/2 OF LOT 93 & LOTS 94 95 & 96 SUNNYLAND PARK PLAT NO 5 MB 6 PG 114 MB 20 PG 71 INC PER OR 4887 PG 0374 PER OR 8479 PG 3905
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Multi Units, Wall/Window Unit(s)
Water source
Public
Amenities
outside covered laundry
Building Details
Year built
1941
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Block, Stucco, Vinyl Siding
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Mark Koester
(386) 341-7327
Added: Aug 29
Changed: Aug 30
Last Checked: Sep 2 at 12:06PM
MLS# 1230223
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,792 square feet on a 0.25-acre lot. The 909 unit is a 618-square-foot house and is currently tenant occupied. The 911 unit provides 960 square feet with three bedrooms and two bathrooms, along with 13 new windows, fresh paint, tile flooring, and a new AC wall unit. Lower-level areas at 911 may be used for storage, and the property includes covered outdoor laundry.
The building was constructed in 1941 with block, stucco, and vinyl siding. A new roof was installed in 2023. Additional features include electric heating, multiple cooling units, a refrigerator, electric range, electric water heater, off-street parking, public water, and public sewer. The property is located on Winchester Street in Daytona Beach, Florida.
The building was constructed in 1941 with block, stucco, and vinyl siding. A new roof was installed in 2023. Additional features include electric heating, multiple cooling units, a refrigerator, electric range, electric water heater, off-street parking, public water, and public sewer. The property is located on Winchester Street in Daytona Beach, Florida.
Key Highlights
- Two residential units totaling 1,792 Square Feet
- 0.25‑acre lot with off‑street parking
- New roof installed in 2023
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
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Block-and-stucco duplex with updated finishes, covered laundry, public utilities, and off-street parking.
Where is this duplex located?
The property is located at 909 Winchester Street 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 residential units totaling 1,792 Square Feet; 0.25‑acre lot with off‑street parking; New roof installed in 2023
