212 MADISON AVENUE at

212 MADISON AVENUE

For sale Days on market 10

$2,700,000

$252/sq ft

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Overview

Year Built

1936

Sqft

10718

Property Type

Multi Family

Property Description

An outstanding opportunity to acquire a stabilized, income-producing 20-unit multifamily portfolio located in the heart of Daytona Beach. This well-maintained collection of properties—204, 208, 210, 212, and 214 Madison Ave—delivers exceptional performance with a net operating income (NOI) of $238,613 and a strong 8.8 cap rate. The portfolio is currently 19/20 units occupied, with only one vacant unit, offering immediate and consistent rental income. The properties are professionally managed and maintained, supported by a reliable tenant base combined with federal housing that provides stable, long-term cash flow. Situated minutes from Daytona Beach International Airport, Daytona International Speedway, and the revitalized downtown corridor, this investment benefits from strong local rental demand and continued market appreciation. The central location provides convenient access to shopping, employment centers, and the area’s world-famous beaches, making it highly desirable for tenants. Offering both scale and stability, this 20-unit portfolio represents a rare opportunity to acquire a high-performing multifamily asset in one of Florida’s most dynamic and fast-growing coastal markets. Investors seeking dependable returns with long-term upside potential.

Property Details

MLS#

O6357491

Address

212 MADISON

City

DAYTONA BEACH

State/county

Zip/Postal Code

32114

Area

Kingston

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$11,358

Maint Fee

$--

Tax Year

2024

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