Homes for sale - 545 N RIDGEWOOD AVE, Daytona Beach, FL 32114

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Ryan Ditmar

ryan@lineagere.com +1(407) 497-4717

$ 1,300,000

Est. payment | -/mo

15 Beds

9 Baths

4,560 SqFt

Save

$ 1,300,000

Est. payment | -/mo

Save

15 Beds

9 Baths

4,560 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,560 sqft

Price per Sqft $285

Subdivision Rogers & Taylor

MLS Listing ID O6353591

Bedrooms 15

HOA Y/N No

Year Built 1954

Annual Tax Amount $8,629

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Under contract-accepting backup offers. Presenting an exceptional opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Daytona Beach. The property comprises nine (9) residential units, with eight units currently occupied, generating a net operating income (NOI) of $143,142 and a strong 10.22 cap rate. A majority of tenants are supported through federal housing, providing reliable, government-backed rental income and consistent cash flow.

Strategically positioned just minutes from Daytona Beach International Airport, Daytona International Speedway, and the city's revitalized downtown corridor, the property benefits from high visibility and proximity to key employment, education, and transportation hubs. This central location supports long-term tenant demand and ongoing appreciation potential in one of Florida's fastest-growing coastal markets.

Enhancing the offering are two adjoining vacant parcels — 224 Arlington Ave (0.10 acre) and 230 Arlington Ave (0.14 acre) — included in the sale. Together, these lots present an additional 0.24 acres of development potential, ideal for future multifamily expansion, parking facilities, or complementary commercial use.

This asset represents a rare opportunity to secure a well-performing investment with immediate income stability and tangible growth upside. Investors seeking a balance of dependable returns and long-term capital appreciation will find 545 N Ridgewood Ave an exceptional addition to any portfolio.

Location

State FL

County Volusia

Community Rogers & Taylor

Area 32114 - Daytona Beach

Zoning 0800 - MFR

Interior

Interior Features Open Floorplan

Heating Ductless

Cooling Wall/Window Unit(s)

Fireplace false

Laundry Common Area

Exterior

Exterior Feature Garden, Sidewalk

Parking Features Driveway

Utilities Available Electricity Connected, Sewer Connected, Water - Multiple Meters

Roof Type Concrete

Garage false

Private Pool No

Building

Lot Description Corner Lot

Foundation Block

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by Nicolas Rodriguez OUTLET REALTY

+1(407) 497-4717

ryan@lineagere.com

9209 Reymont Street, Orlando, FL, 32827, United States

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545 N RIDGEWOOD AVE Daytona Beach, FL 32114