Five-Apartment Multifamily
For Sale
Contact for pricing
934 S RIDGEWOOD AVE, Daytona Beach, FL 32114
The residential layout combines private-bath bedrooms, separate apartments, and extensive building-system upgrades.
Property Size9,012 SF
Lot Size1.02 Acres
Price / SF$166.44
Days on Market182
Property Features for 934 S RIDGEWOOD AVE
General Information
Standard status
Active
Size
9,012 SF
Lot size
1.02 Acres
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,100
Building Details
Building Size
9,012 SF
Year Built
1910
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
Listed By:
Ashlee Selman · License #3511847
(386) 214-1466
Source:
Thefullerproperties
Added: Apr 30
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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 ADAMS, CAMERON & CO., REALTORS
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Investment Insights
Based on property information with market context.
Built in 1910 as a physician’s residence, this 9,012-square-foot multifamily property occupies 1.02 acres and contains 25 bedrooms, many with private baths, alongside five independent apartments. Improvements include a replacement roof, windows, electrical, plumbing, and HVAC systems. The configuration supports a range of residential approaches, including co-living, workforce housing, short-term rentals, and conventional multifamily leasing.
The property is located at 934 S Ridgewood Ave in Daytona Beach, along the Ridgewood Avenue corridor and within minutes of the beach.
The property is located at 934 S Ridgewood Ave in Daytona Beach, along the Ridgewood Avenue corridor and within minutes of the beach.
Key Highlights
- Five independent apartments and 25 bedrooms, many with private baths
- Approximately 9,012 square feet on 1.02 acres
- Roof, windows, electrical, plumbing, and HVAC have been upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,672
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,440
$1.4M
Cap Rate 7%
$981,029
$981.0K
Cap Rate 9%
$763,022
$763.0K
Market Conditions
NOI Build-Up for 9,012 SF
Gross rent
$139.5K $15.48/SF
− Vacancy
−$14.6K −$1.63/SF
EGI
$124.9K $13.85/SF
− OpEx
−$56.2K −$6.23/SF
NOI
$68.7K $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%
$1,373,440
Cap Rate 7%
$981,029
Cap Rate 9%
$763,022
Alternative Uses
Best Use
Apartment 5plus
$981.0K
$858.4K – $1.14M
NOI $68,672 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,008 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential layout combines private-bath bedrooms, separate apartments, and extensive building-system upgrades.
Where is this apartment building located?
The property is located at 934 S RIDGEWOOD AVE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Five independent apartments and 25 bedrooms, many with private baths; Approximately 9,012 square feet on 1.02 acres; Roof, windows, electrical, plumbing, and HVAC have been upgraded
