Renovated Duplex with Vacant
921 Winchester Street, Daytona Beach, FL 32114
Two-unit duplex with recent mechanical upgrades, one leased and one vacant, giving an owner flexible occupancy options.
Type:Multifamily
Property size:
1,785 SFPrice / SF:
$156/SF- Added:
- Jun 11, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 4:26 am
Property Features for 921 Winchester Street
General Information
- Standard status
- Active
- Size
- 1,785 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing office Rhynes Real Estate
Listing date Jun 11, 2026
Source Crexi
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 Rhynes Real Estate
HighLights
- Two‑unit duplex built in 1954 with one 3‑bedroom, 1‑bath unit leased for $1,650/month
- Second unit is 1 bedroom, 1 bathroom and currently vacant for flexible occupancy or re‑leasing
- New AC system and new water heater included
- Former rent for the leased unit was $1,050/month
Overview
This turnkey duplex includes two separate units. One unit is configured as a 3-bedroom, 1-bathroom layout and is currently leased for $1,650 per month. The second unit offers a 1-bedroom, 1-bathroom configuration and is currently vacant, allowing an owner to place a new tenant or occupy the space themselves. Recent updates include a new AC system and a new water heater, supporting straightforward maintenance and day-to-day operations.
Located in the heart of Daytona Beach, the property is positioned for convenient access to shopping and dining, as well as major roadways and the beaches. The surrounding area offers practical everyday needs within a short drive.
For investors and owner-occupants, the current setup provides immediate rental income through the leased unit while keeping flexibility for the vacant unit. The property also reflects meaningful recent improvements with the new AC and water heater. If you’re looking for a manageable duplex that combines an in-place tenant with the option to control occupancy on the second unit, this is worth a close look.
Located in the heart of Daytona Beach, the property is positioned for convenient access to shopping and dining, as well as major roadways and the beaches. The surrounding area offers practical everyday needs within a short drive.
For investors and owner-occupants, the current setup provides immediate rental income through the leased unit while keeping flexibility for the vacant unit. The property also reflects meaningful recent improvements with the new AC and water heater. If you’re looking for a manageable duplex that combines an in-place tenant with the option to control occupancy on the second unit, this is worth a close look.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $13.92 |
| − Vacancy | −$2.5k | −$1.39 |
| EGI | $22.4k | $12.53 |
| − OpEx | −$6.7k | −$3.76 |
| NOI | $15.7k | $8.77 |
1,785 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$223.7K
$195.7K – $261.0K
NOI $15,659 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$194.3K
$170.0K – $226.7K
NOI $13,602 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$526.3K
$460.5K – $614.0K
NOI $36,842 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0438223
- Latitude
- 29.2184403
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit duplex with recent mechanical upgrades, one leased and one vacant, giving an owner flexible occupancy options.
Where is this duplex located?
The property is located at 921 Winchester Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $279,500.
What are key features of this property?
This property features: Two‑unit duplex built in 1954 with one 3‑bedroom, 1‑bath unit leased for $1,650/month; Second unit is 1 bedroom, 1 bathroom and currently vacant for flexible occupancy or re‑leasing; New AC system and new water heater included
