4 Beds
3 Baths
3,064 SqFt
4 Beds
3 Baths
3,064 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,064 sqft
Price per Sqft $241
MLS Listing ID 1229179
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1913
Annual Tax Amount $4,590
Acres 0.17
Lot Dimensions 50 X 150
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
Area 70 - New Smyrna Beach E Of 95
Direction Canal Strret E from US 1 to Magnolia, go right head South to 407 on the left. Street parking only.
Region New Smyrna Beach
City Region New Smyrna Beach
Rooms
Primary Bedroom Level Two
Interior
Heating Central, Electric, Hot Water, Natural Gas
Cooling Central Air, Electric, Multi Units, Individual
Flooring Tile, Wood
Fireplaces Type Other
Fireplace Yes
Appliance Washer/Dryer Stacked, Washer, Tankless Water Heater, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dryer, Dishwasher
Heat Source Central, Electric, Hot Water, Natural Gas
Laundry Electric Dryer Hookup, In Unit, Washer Hookup, Multiple Locations
Exterior
Exterior Feature Courtyard
Parking Features Assigned, On Street
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Trees/Woods
Roof Type Metal,Shingle
Road Frontage City Street
Garage No
Building
Lot Description Historic Area, Many Trees
Faces West
Story 2
Water Public
Level or Stories 2
Structure Type Frame,Other
New Construction No
Schools
Elementary Schools Read-Patillo
Middle Schools New Smyrna Beach
High Schools New Smyrna Beach
Others
Ownership Merilson Capital Trust
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
