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Residential Income

New Smyrna Beach, FL 32168
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Bed 4

Bed

Bath 3

Bath

SqFt2,824

Sqft

Acres0.17

Acre(Lot)

Turn-Key 1031 Exchange Opportunity in Historic Downtown New Smyrna Beach! 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $739,900

AD Id : 88641093

MLS Id : 1229179

Beds : 4

Lot Size : 0.17 Acre

Living Area Size : 2,824

Year Built : 1913

County : Volusia

Subdivision: Not On The List

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 3
  • Flooring Information

    Tile, Wood
  • Roofing Information

    Metal, Shingle
  • Interior Features

    Roof: Metal, Shingle Appliances: Washer/Dryer Stacked, Washer, Tankless Water Heater, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dryer, Dishwasher Laundry Features: Electric Dryer Hookup, In Unit, Washer Hookup, Multiple Locations
  • Heating & Cooling

    Heating: Central, Electric, Hot Water, Natural Gas Cooling: Central Air, Electric, Multi Units, Individual WaterSource: Public
  • Fireplace

    Fireplace: Yes Number of Fireplaces: 1 Fireplace Features: 1

  • Building Information

    Year Built: 1913 Stories: 2 Construction Materials: Frame, Other Roof: Metal, Shingle
  • Exterior Features

    Courtyard
  • Road Types

    Asphalt
    City Street
  • Laundry Features

    Electric Dryer Hookup, In Unit, Washer Hookup, Multiple Locations

  • Lot Information

    Lot Dimensions: 50 X 150 Lot Description: Historic Area, Many Trees Lot Size Area: 0.17 Acres Lot Square Feet: 7,405 Stories: 2 Main Square Feet: 2824

    Property Information

    Property Type: Residential Income Sub Type: Triplex SQ ft (Living Area): 2,824 Subdivision: Not on the List MLS Area Minor: 70 - New Smyrna Beach E of 95 Source Neighborhood: Not on the List Construction Materials: Frame, Other Property Age: 113

  • Listing Price Information

    Listing Id: 1229179 ist Price: $739,900 List Price Tot SqFt: $262 Listing Terms Cash, Conventional
  • Listing Information

    Possession: Close Of Escrow

  • Tax Information

    Annual Tax: $4,590 Tax Year: 2025 Taxes: 41-17-34 S 3/4 OF LOT 63 & N 11.75 FT OF LOT 64 BLK 4 ANDREW S PROPERTY NEW SMYRNA MB 1 PG 128 MB 2 PG 68 MB 12 PG 183 MB 17 PG 79 PER OR 3136 PG 0896 PER OR 8070 PG 2163 PER OR 832

  • Parking Information

    Parking Total: 3 Assigned, On Street

  • School Information

    Elementary School: Read-Patillo
    Elementary School District:
    Junior High School: New Smyrna Beach
    Senior High School: New Smyrna Beach
  • Utility Information

    Electricity Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: Canal Strret E from US 1 to Magnolia, go right head South to 407 on the left. Street parking only.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
200 Live Oak Street, New Smyrna Beach, FL, 32168 $849,000 4 4 2,268 2,268 SqFt
305 Mary Avenue, New Smyrna Beach, FL, 32168 $1,495,000 9 9 4,000 4,000 SqFt
486 Oak Street, New Smyrna Beach, FL, 32168 $276,000 4 3 1,422 1,422 SqFt
26 Fore Drive, New Smyrna Beach, FL, 32168 $239,000 2 2 1,124 1,124 SqFt
2835 Nordman Avenue, New Smyrna Beach, FL, 32168 $275,000 3 2 1,220 1,220 SqFt

ByOwner last updated this listing 08/05/2026 @ 21:12

MLS: 1229179 LISTED BY: Bryan Disbrow, Collado Real Estate 386-427-0002 SOURCE: Daytona Beach Area Association of REALTORS®

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