532 Magnolia Avenue
Daytona Beach, FL 32114
AI Photo highlights
A 5-bedroom, 4-bath two-story foursquare converted-house triplex built in 1935. Separate unit entrances. One unit features granite-look stone counters and shaker cabinets; another has hardwood floors. Select units with 9-ft ceilings, transom windows, skylights, and wall niches. Fenced yard, newer AC (new).
Multi-family
Style
Kitchen
Floors & finishes
Upgrades & systems
Pool & outdoor
Generated by AI from the listing photos and description; may contain errors and is not a substitute for an inspection. † = from the MLS listing or description, not confirmed in photos. Report an error · How this works
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 the adjoining vacant lot at 146 Marion St., PID 5339-21-02-0051, creating approximately 75' x 150' of combined property and providing substantial additional space for parking, storage and potential future opportunities. Buyer to verify zoning, permitted uses and development potential. There's also a 1-car garage with potential to generate additional rental income, providing another opportunity to increase the property's return. Investor-friendly features include three separate electric meters, upgraded electrical service in each unit, 2016 roof, newer central HVAC serving the main residence, PTAC heating and cooling in the two 1-bedroom units and hardwood flooring. Located near colleges, shopping, employment and Daytona Beach amenities, this property combines existing cash flow, multiple income streams, additional land and value-add potential in one acquisition. 3 Units + $41,100 Current Annual Gross Rent + Garage Income Potential + Adjoining Vacant Lot = One Unique Investment Opportunity. All rental amounts, measurements, expenses, lot dimensions, zoning, permitted uses and development potential to be independently verified by buyer. Approximate cap rate is calculated using current gross rental income less seller-provided property taxes only and does not include insurance, utilities, maintenance, vacancy, reserves or other operating expenses.
Home facts
- Property type
- Triplex
- Bedrooms
- 5
- Bathrooms
- 4 full
- Year built
- 1935
- Living area
- 2,154 sq ft
- Price / sq ft
- $237
- Lot
- 0.15 acres
- Stories
- 2
- Garage
- 1 spaces
- Private pool
- No
- Annual taxes
- $5,553
- Flood zone
- A (FEMA map)
- Beachside / mainland
- Mainland
- Subdivision
- Hodgmans
- Days on market
- 4
Units and rents
| Unit | Beds | Baths | Sq ft | Rent / month |
|---|---|---|---|---|
| Unit 3 | 3 | 2 | 1,156 | $1,275 |
| Unit 2 | 1 | 1 | 560 | $1,200 |
| Unit 1 | 1 | 1 | 440 | $950 |
| Listed rents | $3,425 | |||
Tenants pay: Cable TV, Electricity
Investor numbers
🔒 Price per unit, gross rent multiplier and gross yield for this building are free with an account. Create a free account or sign in.
Unit details and rents are as entered by the listing agent; a unit with no rent may be vacant or owner-occupied. Confirm leases, rents and expenses (taxes, insurance, repairs, vacancy) before you buy. The investor numbers are simple calculations from the asking price and the listed rents, not an appraisal.
Flood zone
- FEMA flood zone
- A
- Flood risk
- High: 1% yearly chance of flooding (the 100-year floodplain)
In a high-risk zone, mortgage lenders require flood insurance (federally regulated and insured lenders must).
From FEMA flood maps at the home's map location (see FEMA's map), checked Oct 7, 2026. Not an official flood determination. Flooding can happen in any zone; ask an insurance agent for a quote, and a surveyor for an elevation certificate.
Features
Appliances
Electric Range, Refrigerator
Flooring
Carpet, Tile, Wood, Luxury Vinyl
Cooling
Central Air, Split System
Heating
Central
Exterior
Balcony
Lot
Corner Lot
Fencing
Full, Wood
Parking
Garage
Roof
Shingle
Utilities
Electricity Connected, Sewer Connected, Water Connected
Sewer
Public Sewer
Water
Public
Assigned public schools
From Volusia County Schools' current attendance boundaries at the home's map location (district school zone maps). Zones can change; confirm with the district. School choice, magnet and charter options may also be available.
Location
- Mainland
- West of the river; the beach is across a bridge
- Drive to the beach
- About 5 minutes (1.8 mi) to the beach at International Speedway Blvd
- Drive-on beach ramp
- Silver Beach Av
Beachside distances are straight-line to the nearest public beach access or ramp (Volusia County data); private walkovers owned by a building aren't in the county's data. "Oceanfront lot" means the county lot lines run to the beach with nothing but beach or dune in between (Volusia County parcel map). Mainland drive times and miles follow the roads, from this home to the quickest of the nearby beach accesses; they are estimates from a routing service (OpenRouteService), and actual times vary with traffic, traffic lights, season and events. Beach driving depends on the tide and the season; check the county's ramp status before you go.
Monthly cost
- Principal & interest
- –
- Mortgage insurance (PMI) under 20% down
- –
- Property taxes
- –
- Insurance
- –
- Rent from the units
- –
- Left each month before repairs, vacancy and management
- –
Estimates only. Taxes are estimated for a new owner from this year's local tax rates; special assessments and fees on the tax bill (garbage, stormwater, street lighting) are not included. Rates are Freddie Mac's weekly national average; yours depends on your credit, loan type and points. Insurance varies widely by company, roof, age and location: add your own quotes. The current owner's tax bill for 2025 was $5,553.
Insurance varies a lot in Florida: roof age, year built, storm protection and the flood zone drive the price. Get quotes early, before your inspection period ends. Ask Elk for help with quotes →
Listing by Oceans Luxury Realty Full Service LLC · 386-455-0830
MLS # 1231493 · Daytona Beach REALTORS® MLS · Updated Oct 6, 2026
Listing data provided by Daytona Beach REALTORS® MLS via IDX. Information is deemed reliable but is not guaranteed. Listings are displayed with the listing brokerage. All measurements and square footages are approximate. Some IDX listings have been excluded from this website: it shows homes within 35 miles of Daytona Beach.
The area: Daytona Beach
Daytona Beach stretches from oceanfront condos on the beachside, across the Halifax River, to established neighborhoods and newer communities on the mainland west toward I-95 and LPGA Boulevard.
