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16 S GRANDVIEW AVENUE

Multi-family For Sale
$699,000

BTC: 10.99056604

ETH: 367.38426607

-$50K (2026/07/27)
39 days
5 bds
2,972 sqft

Overview

PRICE IMPROVEMENT! STABILIZED CASH COW PRODUCING AN 8.4% CAP RATE ON ASKING (AFTER TAXES, INSURANCE, AND EXPENSES)! 3 STREETS FROM THE BEACH! This is a rare, high-performing asset with a confirmed zoning of up to 10 units, and land use of upto 10 units per the Property Appraiser and zero code violations. This property delivers a strong 8.4% return in its current state, offering a proven track record of reliable income with even further room for appreciation. The property is fully stabilized with long-term tenants on active leases (6–12 months remaining on each lease and they want to renew) who take great pride in the property. Key features include a 2018 roof, solid mechanicals, on-site parking, a common patio area for tenants, and a "High and Dry" X flood zone designation. AS A BONUS: There is a large storage unit on-site that was previously an apartment and could be converted back for additional revenue. Located walking distance to the Main Street Pier and beach access, the equity here is undeniable: a 4-unit property just two doors down recently sold for $600k—this is verifiable cash flow from day one. Perfect for a 1031 exchange or a portfolio expansion. Units nearby rent as AirBNB or long-term rentals! Call today!

Location

Florida • DAYTONA BEACH • 32118 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1910
Lot:
0.11 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$235
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$5,720
2025
All facts and features

  • Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Property

    • Exterior Features: Fenced / Private Mailbox / Private Yard

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 530401110050

    • Zoning: 02BR1

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $5,721

  • Source details

    • MLS ID: O6419368

    Other facts

    • Construction Materials: Brick / Wood Siding

    • Foundation Details: Block / Slab

    • Laundry Features: Laundry Room

    • Living Area: 2972

    • Water Source: Public

    • Lot Size Dimensions: 50 x 100

    • Subdivision Name: ROGERS SEABREEZE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32118
364
median $333K
Active
Same city
DAYTONA BEACH
712
median $310K
Active
Same type
Multi-family
15
median $499K
Active
Similar price
$489K – $908K
134
median $620K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CHARLES RUTENBERG REALTY ORLANDO