$2,700,000

Estimated payment $15,079/month

-- Bed
-- Bath
10,718 Sq Ft
$252 Price per Sq Ft

About This Home

An outstanding opportunity to acquire a stabilized, income-producing 20-unit multifamily portfolio located in the heart of Daytona Beach. This well-maintained collection of properties—204, 208, 210, 212, and 214 Madison Ave—delivers exceptional performance with a net operating income (NOI) of $238,613 and a strong 8.8 cap rate. The portfolio is currently 19/20 units occupied, with only one vacant unit, offering immediate and consistent rental income. The properties are professionally managed and maintained, supported by a reliable tenant base combined with federal housing that provides stable, long-term cash flow. Situated minutes from Daytona Beach International Airport, Daytona International Speedway, and the revitalized downtown corridor, this investment benefits from strong local rental demand and continued market appreciation. The central location provides convenient access to shopping, employment centers, and the area’s world-famous beaches, making it highly desirable for tenants. Offering both scale and stability, this 20-unit portfolio represents a rare opportunity to acquire a high-performing multifamily asset in one of Florida’s most dynamic and fast-growing coastal markets. Investors seeking dependable returns with long-term upside potential.

Listing Agent

Nicolas Rodriguez

OUTLET REALTY Brokerage Phone: 407-308-0600 License #3555979 Listed on: 11/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,358

Year Built

  • Built in 1936

Lot Details

  • 1.05 Acre Lot

Home Design

  • 10,718 Sq Ft Home
  • Frame Construction
  • Shingle Roof

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • 12 Buildings
  • 20 Units
  • Kingston Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 8
  • Assessor Parcel Number 5338-01-08-0050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,358

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Frame
  • Fireplace: No
  • Living Area: 10718
  • Lot Size Acres: 1.05
  • New Construction: No
  • Year Built: 1936
  • Lot Size Sq Ft: 45751
  • Status: Active
  • Ownership: Fee Simple
  • Escrow State: FL
  • RATIO Current Price By Calculate: 251.91
  • Total Acreage: 1 to less than 2
  • Water Access YN: 0
  • Attribution Contact: 407-308-0600
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Other
  • Living Area Meters: 995.73

Exterior Features

  • Exterior Features: Other
  • Roof: Other, Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12127C0357J

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Public
  • Cooling: Wall/Window Unit(s)
  • Heating: Ductless
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Development: Kingston

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: 0300 - MFR
  • Parcel Number: 5338-01-08-0050
  • Additional Parcels: No
  • Flood Zone Code: X

Multi Family

  • Number Of Units Total: 20
  • Total Num Buildings: 12

Tax Info

  • Tax Annual Amount: 11358
  • Tax Block: 8
  • Tax Book Number: 3-95
  • Tax Lot: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 For Sale $2,700,000 -- $252 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: O6357491

Stellar MLS