Three-Unit Multifamily
For Sale
Under Contract
$739,900
New Smyrna Beach, FL 32168, New Smyrna Beach, FL 32168
Residential Income, New Smyrna Beach, FL
Property Size2,824 SF
Lot Size0.17 Acres
Price / SF$262
Days on Market94
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 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 4
Parking
3
Parking features
On Street, Assigned
Exterior features
Courtyard
Fireplace
1
Appliances
Washer/Dryer Stacked, Washer, Tankless Water Heater, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dryer, Dishwasher
Lot features
Historic Area, Many Trees
Elementary school
Read-Patillo
Middle school
New Smyrna Beach
High school
New Smyrna Beach
Subdivision
Not on the List
Standard status
Active Under Contract
Size
2,824 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4590
Utilities
Heating system
Natural Gas, Hot Water(Heating), Electric (Heating), Central
Cooling system
Electric, Central Air, Multi Units
Water source
Public
Amenities
private laundry
fireplace
loft
Building Details
Year built
1913
Floors in Building
2
Number of units
3
Flooring type
Wood, Tile
Building materials
Frame
Roof type
Metal, Shingle
Buildings
2
Listing Agency:
Collado Real Estate
(386) 427-0002
Listed By:
Bryan Disbrow · License #521363
(386) 690-2558
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 31 at 12:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1913, this 2,824-square-foot triplex includes a two-story main residence with two apartments and a detached cottage. The lower apartment offers two bedrooms, one bathroom, a fireplace, and private laundry, while the upper apartment has one bedroom, one bathroom, a separate rear entry, and its own laundry. The cottage measures approximately 800 square feet and includes a loft and private laundry. Wood and tile flooring, central air, electric heating, natural-gas and hot-water systems, and a courtyard are among the property features.
The 0.17-acre property is located in New Smyrna Beach within the B&B District and Historic and Arts Overlay Districts. It is within walking distance of Canal Street shops, restaurants, galleries, breweries, and entertainment. All three units are occupied by long-term tenants. The main residence roof is approximately 8 years old, and the detached cottage roof was replaced in 2026. Public water serves the property, which has one electric meter and one water meter.
The 0.17-acre property is located in New Smyrna Beach within the B&B District and Historic and Arts Overlay Districts. It is within walking distance of Canal Street shops, restaurants, galleries, breweries, and entertainment. All three units are occupied by long-term tenants. The main residence roof is approximately 8 years old, and the detached cottage roof was replaced in 2026. Public water serves the property, which has one electric meter and one water meter.
Key Highlights
- Three occupied rental units: two apartments in the main residence plus a detached cottage
- 2,824‑square‑foot triplex on a 0.17‑acre site
- Detached cottage offers approximately 800 square feet, a loft, and private laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,774
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,480
$495.5K
Cap Rate 7%
$353,914
$353.9K
Cap Rate 9%
$275,267
$275.3K
Market Conditions
NOI Build-Up for 2,824 SF
Gross rent
$39.3K $13.92/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$35.4K $12.53/SF
− OpEx
−$10.6K −$3.76/SF
NOI
$24.8K $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 Rate 5%
$495,480
Cap Rate 7%
$353,914
Cap Rate 9%
$275,267
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
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
Frequently Asked Questions
What type of property is this?
Triplex - Historic two-story residence includes separate apartments and a detached cottage, with all units occupied by long-term tenants.
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: Three occupied rental units: two apartments in the main residence plus a detached cottage; 2,824‑square‑foot triplex on a 0.17‑acre site; Detached cottage offers approximately 800 square feet, a loft, and private laundry
