532 Magnolia Avenue, Daytona Beach, FL 32114

Daytona Beach
Local realty services provided by:ERA Grizzard Real Estate
532 Magnolia Avenue,Daytona Beach, FL 32114
$510,993
  • 5 Beds
  • 4 Baths
  • 2,154 sq. ft.
  • Multi-family
  • Active
Listed by: cheryl gray
Office: oceans luxury realty full service llc.
MLS#:1231493
Source:FL_DBAAR

Price summary

  • Price:$510,993
  • Price per sq. ft.:$197.75

About this home

INCOME-PRODUCING TRIPLEX + ADJOINING VACANT LOT + ADDITIONAL INCOME POTENTIAL! Add 532 Magnolia Ave to your rental portfolio and start collecting income from day one. This fully furnished, three-unit investment property is currently generating $3,425/month or $41,100/year in gross rental income and is being offered at $510,993. Based on current rents and seller-provided annual property taxes of $5,330.48, the asking price represents an approximate 7 percent cap rate before other operating expenses—with additional upside potential. The property offers a desirable unit mix: Unit 1 is approximately 440 SF with 1 bedroom/1 bathroom, living room and kitchen. Unit 2 is approximately 560 SF with 1 bedroom/1 bathroom, living room, kitchen, dining room and balcony. Unit 3, the largest residence at approximately 1,154 SF, features 3 bedrooms/2 bathrooms, living room, kitchen, dining room and porch. The investment opportunity extends beyond the three existing rental units. The sale includes...

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Home facts

  • Year built:1935
  • Subdivision & Development:Hodgmans
  • Listing ID #:1231493
  • Added:1 day(s) ago
  • Updated:October 05, 2026 at 11:54 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Tile, Wood
  • Living area:2,154 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1935
  • Building area:2,154 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Corner Lot
  • Exterior Features:Balcony

Finances and disclosures

  • Price:$510,993
  • Price per sq. ft.:$197.75
  • Tax amount:$5,552 (2025)

Parking

  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:1

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