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205 N WILD OLIVE AVENUE

Multi-family For Sale
$875,000

BTC: 13.67187500

ETH: 486.11111111

29 days
6 bds
2,370 sqft

Overview

Welcome to a rare, fully reimagined COASTAL INCOME PROPERTY TRIPLEX designed for investors seeking strong returns, low-maintenance ownership, and unbeatable location. Positioned directly across from Daytona Lagoon Waterparl and just steps from the Atlantic Ocean, this exceptional turnkey triplex places you in the center of everything that makes Daytona Beach one of Florida's most recognized beach destinations. Completely rebuilt and thoughtfully redesigned, this trophy multi-unit property blends modern construction, upscale finishes, and income-producing versatility. Whether utilized as a high-performing short-term rental portfolio, long-term executive housing, or an owner-occupied investment with supplemental income, 205 N Wild Olive delivers a compelling opportunity for immediate cash flow and long-term appreciation. The property consists of three beautifully finished 2-bedroom, 2-bath residences, each curated with contemporary coastal style and functionality in mind. Unit 205 - Front Residence Approx. 1,100 SF Single-Story Coastal Cottage Originally taken nearly to the studs and rebuilt with exceptional craftsmanship, the front residence preserves the charm of the original character while delivering the feel of a brand-new home. The redesigned floor plan features: 2 spacious bedrooms 2 full bathrooms Flexible bonus room ideal for a home office, bunk room, media space, or potential 3rd sleeping area Original decorative fireplace feature All-new roof, siding, systems, appliances, and finishes This residence offers the perfect blend of historic beachside charm and modern luxury. Unit 207 - Newly Constructed Rear Building Approx. 1,300 SF Total Two Separate Residences Built entirely from the ground up, the newly constructed rear building includes: One upstairs 2BR/2BA residence One downstairs 2BR/2BA residence Both units were designed with elevated attention to detail, maximizing comfort, durability, and rental appeal. Property Highlights Fully turnkey investment opportunity Three total 2BR/2BA residences Brand-new plumbing, electrical, roofing, appliances, and major systems Interior wall insulation for enhanced efficiency and sound reduction Built with above-code considerations for adverse weather resilience Dedicated outdoor laundry facility with oversized washer/dryer area Modern coastal finishes throughout Minimal deferred maintenance for years to come Prime Beachside Location Situated in one of the most walkable and desirable corridors of Daytona Beach, the property is moments from: Daytona Lagoon Waterpark The Ocean Center Peabody Auditorium Beaches, riverfront attractions, dining, nightlife, and shopping Its premier location supports strong year-round rental demand from vacationers, seasonal visitors, event attendees, and beachside professionals alike. Investment Performance Projected cap rates exceed 7 percent when maximizing all rentable space, with estimated owner-occupied performance exceeding 4 percent cap rate scenarios. This asset offers investors the increasingly rare combination of: New construction quality Prime beachside positioning Strong income potential Low maintenance ownership Long-term appreciation upside For the discerning investor seeking a polished, income-producing coastal asset with immediate operational potential, 205 N Wild Olive Ave represents a standout opportunity in the Daytona Beach market.

Location

Details

Type:
Residential Income
Parking:
Common / Driveway / On Street
Year Built:
1947
Lot:
0.14 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$369
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$2,846
2025
All facts and features
  • Flooring

    • Luxury Vinyl

    Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Disposal

    • Dryer

    • Range

    • Refrigerator

    • Tankless Water Heater

    • Washer

    Other interior features

    • Open Floorplan

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Parking

    • Common

    • Driveway

    • On Street

    Property

    • Levels: Two

    • Exterior Features: Outbuilding

    Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: 00530512220180

    • Zoning: 02RP

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $2,846

  • Source details

    • MLS ID: NS1088052

    Other facts

    • Construction Materials: Cement Siding

    • Foundation Details: Crawlspace

    • Fireplace Features: Living Room / Wood Burning

    • Laundry Features: Common Area / Laundry Room / Outside

    • Lot Features: City Lot / Near Public Transit

    • Patio And Porch Features: Front Porch / Rear Porch

    • Other Structures: Outbuilding

    • Fireplace: Yes

    • Living Area: 2370

    • Water Source: Public

    • Lot Size Dimensions: 50 x 125

    • Subdivision Name: SMITH BERTHA K RESUB BLKS 17-18 21-23 & 26 MEMENTO

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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: PREMIER SOTHEBYS INTL REALTY