Updated Half-Duplex Income
For Sale
$249,000
921 ASPEN DRIVE, South Daytona, FL 32119
Two-bedroom residence with a refreshed kitchen, fenced yard, front porch, and water views across the way.
Property Size920 SF
Price / SF$270.65
Days on Market55
Property Features for 921 ASPEN DRIVE
General Information
Standard status
Active
Size
920 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Amenities
front porch
fully fenced backyard
Building Details
Year Built
1980
Listing Agency:
ENGEL & VOLKERS NEW SMYRNA
(386) 213-6899
Listed By:
Christie ONeal · License #3438160
(386) 872-0298
Source:
Dennisrealty
Added: Sep 12
Changed: Nov 5
Last Checked: Nov 4 at 4:34PM
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 ENGEL & VOLKERS NEW SMYRNA
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Investment Insights
Based on property information with market context.
This residential income property is a 2-bedroom, 1-bath half duplex built in 1980. The interior includes a spacious living room, an updated eat-in kitchen with butcher block countertops and pantry storage, and sliding glass doors leading outside. Both bedrooms provide flexible private space, while the full bathroom and other refreshed finishes support the property’s updated condition.
Outdoor features include a front porch facing a water view and a fully fenced backyard with privacy fencing. The exterior area offers room for outdoor seating, grilling, entertaining, or pet use. Located at 921 Aspen Drive in South Daytona, the property combines a compact residential layout with practical interior updates and dedicated outdoor space.
Outdoor features include a front porch facing a water view and a fully fenced backyard with privacy fencing. The exterior area offers room for outdoor seating, grilling, entertaining, or pet use. Located at 921 Aspen Drive in South Daytona, the property combines a compact residential layout with practical interior updates and dedicated outdoor space.
Key Highlights
- 2‑bedroom, 1‑bath half duplex
- Updated eat‑in kitchen with butcher block countertops and pantry
- Fully fenced backyard with privacy fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,010
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,200
$140.2K
Cap Rate 7%
$100,143
$100.1K
Cap Rate 9%
$77,889
$77.9K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$14.2K $15.48/SF
− Vacancy
−$1.5K −$1.63/SF
EGI
$12.7K $13.85/SF
− OpEx
−$5.7K −$6.23/SF
NOI
$7.0K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,200
Cap Rate 7%
$100,143
Cap Rate 9%
$77,889
Alternative Uses
Best Use
Apartment 5plus
$100.1K
$87.6K – $116.8K
NOI $7,010 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.3K
$237.4K – $316.5K
NOI $18,989 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with a refreshed kitchen, fenced yard, front porch, and water views across the way.
Where is this residential income property located?
The property is located at 921 ASPEN DRIVE South Daytona, 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: 2‑bedroom, 1‑bath half duplex; Updated eat‑in kitchen with butcher block countertops and pantry; Fully fenced backyard with privacy fencing
