4 Beds
3 Baths
2,824 SqFt
4 Beds
3 Baths
2,824 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,824 sqft
Price per Sqft $262
Subdivision Not On The List
MLS Listing ID 1229179
Bedrooms 4
Full Baths 3
Year Built 1913
Annual Tax Amount $4,590
Lot Size 7,405 Sqft
Lot Dimensions 0.17
Property Sub-Type Triplex
Source Daytona Beach Area Association of REALTORS®
Property Description
Or perhaps you're looking for a charming downtown residence with an income-producing rental cottage?
Rare opportunity to acquire a fully leased multifamily property located in the highly desirable B&B District of Historic Downtown New Smyrna Beach, also within the Historic and Arts Overlay Districts. Whether you're seeking a turn-key investment, a 1031 Exchange property, or a future owner-occupied residence with rental income, this unique property offers exceptional flexibility and long-term value.
Ideally situated just a short walk from Canal Street's popular shops, restaurants, art galleries, breweries, and year-round entertainment, this property offers the walkable downtown lifestyle that tenants love and that continues to drive strong rental demand.
The property features a charming two-story main residence with two separate apartments, plus a detached cottage
SEE MORE Main Residence
Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry.
Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities.
Detached Cottage
Approximately 800 square feet with loft, private laundry, and long term tenants.
All three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually.
Property Highlights
Three fully leased residential rental units
Multi-family zoning
Located within the Historic and Arts Overlay District
Prime Downtown New Smyrna Beach location
Easy walk to Canal Street shopping, dining, galleries, and entertainment
Main residence roof approximately 8 years old
Detached cottage roof replaced in 2026
Strong long-term rental history with excellent tenant demand
Owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, as the property is serviced by one electric meter and one water meter.
With an estimated 6.5 capitalization rate, this property presents an outstanding opportunity for investors seeking dependable income, excellent location, and long-term appreciation potential. Properties like this--fully leased, income-producing multifamily investments in Historic Downtown New Smyrna Beach--rarely become available. Owner financing considered with substantial downpayment and a shorter term balloon payoff. Schedule your private showing today.
Location
State FL
County Volusia
Community Not On The List
Direction Canal Strret E from US 1 to Magnolia, go right head South to 407 on the left. Street parking only.
Interior
Heating Central, Electric, Hot Water, Natural Gas
Cooling Central Air, Electric, Multi Units, Individual
Fireplaces Type Other
Fireplace Yes
Exterior
Exterior Feature Courtyard
Parking Features Assigned, On Street
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Metal,Shingle
Garage No
Building
Lot Description Historic Area, Many Trees
Water Public
Structure Type Frame,Other
New Construction No
Schools
Elementary Schools Read-Patillo
Middle Schools New Smyrna Beach
High Schools New Smyrna Beach
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
GET MORE INFORMATION