545 N Ridgewood Avenue, Daytona Beach, FL 32114

Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
545 N Ridgewood Avenue,Daytona Beach, FL 32114
$1,400,000
  • 15 Beds
  • 9 Baths
  • 4,560 sq. ft.
  • Multi-family
  • Active
Listed by:nicolas rodriguez
Office:outlet realty
MLS#:O6353591
Source:MFRMLS

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$307.02

About this home

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

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Home facts

  • Year built:1954
  • Listing ID #:O6353591
  • Added:1 day(s) ago
  • Updated:October 18, 2025 at 01:02 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:9
  • Living area:4,560 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Ductless

Structure and exterior

  • Roof:Concrete
  • Year built:1954
  • Building area:4,560 sq. ft.
  • Lot area:0.46 Acres

Utilities

  • Water:Public, Water - Multiple Meters
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$307.02
  • Tax amount:$8,629 (2024)
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