$8,016 Closing Credit¹
#1202760, Joy Pratt-Martin PA, Listing Office: LPT Realty, LLC
$650,000 List price
516 Phoenix Ave Daytona Beach, FL 32118
$7,719
Closing credit¹
7 beds
6 baths
2,888 sqft
0.1 acres
$225 / sqft
Multi-Family
Property details
About 516 Phoenix Ave
Income-Producing 6-Unit Apartment Building Just Steps from Daytona Beach! Prime Location – Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Key Features: • Location, Location, Location: • Unbeatable Location: • Less than a block from Daytona Beach • 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge) • 1 mile from the famous Daytona Beach Boardwalk • Enjoy the beach and breathtaking ocean views just steps away This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Property Highlights: • 6 Units | 9 Beds | 6 Baths • 5 of 6 units currently rented • Coin-operated shared laundry on-site • Mixed unit types including: o One 2 Bed / 1 Bath with full layout o Two 2 Bed / 1 Bath units with two entrances (no living rooms – ideal for roommates or flexible rentals) o Two studio units o One 1 Bed / 1 Bath unit ?? Financial Overview: • Gross potential monthly income: $8,100 • Tenants pay their own electric • No landlord cost for trash or common electricity • Owner pays approx. $350/month for water & gas (shared hot water heater) ??? Condition & Opportunity: • Two units fully renovated • Four units need updating • Property has its own parking lot with 8 spaces • Property was tented in 2020 for termites • New roof needed (no current leaks) • Ideal for investors or contractors — priced with improvements in mind • Cash buyers only due to condition Location Perks: • Less than 1 block to Daytona Beach • 1 block from Veterans Memorial Bridge • 1 mile to Daytona Beach Boardwalk • Ocean views just a minute's walk away Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!
Highlights
Home typeMulti Family
HeatingElectric
StatusActive
CoolingDuctless
Size2,888 sqft
Lot size0.15 Acres
Year built1935
MLS #O6296060
Virtual tour
Summary
- Interior: Ceiling Fans(s)
- Total Bedroom Count: 7
- Private Pool: No
- Exterior: Other
- Heating: Electric
- Cooling: Ductless
- List Price: $650,000
- Price/SqFt: $225
- Annual Tax Amount: $5,320
- Tax Year: 2023
- Directions: From US 92 turn Right on S Peninsula (SR441), turn left onto Phoenix Ave. 6 Plex on your right.
- Year Built: 1935
- Living Area: 2,888 SqFt
- Lot Size: 0.15 Acres
- MLS Number: O6296060
- MLS Name: MFRMLS
- Office Name: EMPIRE NETWORK REALTY
- Office Phone: (407) 440-3798
- Listing Agent: Elayne Conrique
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2025, 11:49:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
516 Phoenix Ave
$7,719
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 30, 2019 | Home Sold | $360,000 |
| Apr 19, 2013 | Home Sold | $100,000 |
| Mar 08, 2006 | Home Sold | $425,000 |
| May 02, 2005 | Home Sold | $250,000 |
| Oct 18, 2000 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $322,464 | $5,320 |
| 2022 | $259,734 | $4,720 |
| 2021 | $238,674 | $4,720 |
| 2020 | $301,878 | $4,615 |
| 2019 | $135,820 | $3,122 |
| 2018 | $123,473 | $2,809 |
| 2017 | $174,195 | $2,784 |
History based on county public records data.
Nearby schools
6
Turie T. Small Elementary School
Public District PK-5
1.9 mi
•800 South St
5
R. J. Longstreet Elementary School
Public District PK-5
2.7 mi
•2745 S Peninsula Dr
3
South Daytona Elementary School
Public District PK-5
3.1 mi
•600 Elizabeth Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,821. Typical income of Daytona Beach, FL residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
44%
<35k
47%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
70%
Single, No Kids
6%
Single, with Kids
19%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
4%
12-17 yrs old
22%
18-34 yrs old
55%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Horse Races
Where do the neighbors shop?
Burlington
Chico's
Family Dollar
Where do the neighbors go to eat?
Popeyes
Bob Evans
Church's Chicken
What do the neighbors drive?
Dodge
Oldsmobile
Cadillac
What do the neighbors listen to?
Urban Contemporary
News
Jazz
All data provided by Home Junction and Claritas
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This home is located at 516 Phoenix Ave in Daytona Beach, FL and zip code 32118 in the Carew neighborhood. This 2,888 square foot home, which was built in 1935, sits on a 0.15 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $650,000.
Daytona Beach, FL housing market in April 2025 saw over 22 listings sold above listed price, more than 35 sold at listed price and over 164 sold below. The number of listings in Daytona Beach, FL increased by 5.2% between March and April 2025. In April 2025 median list price was $310,111 and the average listing age was 111 days.
From Rocket Homes Real Estate and based on county public records data.