Triplex With Detached
New
For Sale
$739,900
New Smyrna Beach, FL 32168, New Smyrna Beach, FL 32168
MULTI_FAMILY - New Smyrna Beach, FL
Property Size2,824 SF
Lot Size0.17 Acres
Price / SF$262
Days on Market2
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Multi Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking
3
Parking features
Assigned, On Street
Exterior features
Courtyard
Fireplace
1
Appliances
Washer/Dryer Stacked, Washer, Tankless Water Heater, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dryer, Dishwasher
Subdivision
Not on the List
Lot features
Historic Area, Many Trees
Elementary school
Read-Patillo
Middle school
New Smyrna Beach
High school
New Smyrna Beach
Directions
Canal Strret E from US 1 to Magnolia, go right head South to 407 on the left. Street parking only.
Standard status
Active
Size
2,824 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
41-17-34 S 3/4 OF LOT 63 & N 11.75 FT OF LOT 64 BLK 4 ANDREW S PROPERTY NEW SMYRNA MB 1 PG 128 MB 2 PG 68 MB 12 PG 183 MB 17 PG 79 PER OR 3136 PG 0896 PER OR 8070 PG 2163 PER OR 832
Tax Annual Amount
4590
Legal Description
41-17-34 S 3/4 OF LOT 63 & N 11.75 FT OF LOT 64 BLK 4 ANDREW S PROPERTY NEW SMYRNA MB 1 PG 128 MB 2 PG 68 MB 12 PG 183 MB 17 PG 79 PER OR 3136 PG 0896 PER OR 8070 PG 2163 PER OR 832
Utilities
Heating system
Electric (Heating), Natural Gas, Central, Hot Water(Heating)
Cooling system
Electric, Central Air, Multi Units
Water source
Public
Building Details
Year built
1913
Floors in Building
2
Number of units
3
Flooring type
Wood, Tile
Building materials
Frame
Roof type
Shingle, Metal
Listing Agency:
Collado Real Estate
(386) 427-0002
Listed By:
Bryan Disbrow · License #521363
(386) 690-2558
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# 1229179
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 fully leased triplex includes a charming two-story main residence with two separate apartments, plus a detached cottage. The lower unit is a 2-bedroom, 1-bath apartment with a fireplace and private laundry. The upper unit is a 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities. The detached cottage is approximately 800 square feet with a loft, private laundry, and long-term tenants. The property totals 2,824 square feet on a 0.17-acre lot, with a frame construction and a courtyard exterior feature.
The property is within the B&B District of Historic Downtown New Smyrna Beach, and also within the Historic and Arts Overlay Districts. Parking is assigned and on-street. Roofs include shingle and metal, with the main residence roof approximately 8 years old and the detached cottage roof replaced in 2026. Appliances and utilities are set up for comfortable daily living, and the owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, with one electric meter and one water meter servicing the property.
The units are currently occupied by long-term tenants, providing immediate occupancy.
The property is within the B&B District of Historic Downtown New Smyrna Beach, and also within the Historic and Arts Overlay Districts. Parking is assigned and on-street. Roofs include shingle and metal, with the main residence roof approximately 8 years old and the detached cottage roof replaced in 2026. Appliances and utilities are set up for comfortable daily living, and the owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, with one electric meter and one water meter servicing the property.
The units are currently occupied by long-term tenants, providing immediate occupancy.
Key Highlights
- Fully leased triplex with two main residence apartments plus a detached cottage
- 2,824 SF on a 0.17‑acre lot with courtyard exterior feature
- Main residence built in 1913, frame construction, wood and tile flooring
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 | $39.3k | $13.92 |
| − Vacancy | −$3.9k | −$1.39 |
| EGI | $35.4k | $12.53 |
| − OpEx | −$10.6k | −$3.76 |
| NOI | $24.8k | $8.77 |
2,824 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$307.4K
$269.0K – $358.7K
NOI $21,519 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$832.7K
$728.6K – $971.5K
NOI $58,287 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
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?
Triplex - Fully leased triplex with two-story main residence and detached cottage in New Smyrna Beach’s Historic and Arts Overlay Districts.
Where is this triplex located?
The property is located at New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Fully leased triplex with two main residence apartments plus a detached cottage; 2,824 SF on a 0.17‑acre lot with courtyard exterior feature; Main residence built in 1913, frame construction, wood and tile flooring
