About This Home
This 4-bedroom, 3-bathroom single family at 407 MAGNOLIA Street in New Smyrna Beach, FL is listed for $739,900 ($262 per sqft). Built in 1913, the home offers 2,824 sqft of living space on a 0.17 acres lot.
Key Features
- Built in 1913
- 0.17 acre lot
- 2 stories
- Fireplace
Property Details
Amenities
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 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 prop
erty 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: 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 Approximately 800 square feet with loft, private laundry, and excellent rental flexibility. 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 approximatel
y 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. Schedule your private showing today.
Monthly Cost Estimate
$3,957/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
407 MAGNOLIA Street
New Smyrna Beach, FL 32168
ANDREWS
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom single family at 407 MAGNOLIA Street is listed at $739,900 ($262/sqft). The estimated monthly payment is $3,957 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1913, 0.17 acre lot, 2 stories, Fireplace. Interior Features: Living Room/Dining Room Combo, Primary Bedroom Main Floor. Exterior Features: Courtyard, Private Mailbox, Sidewalk.
This property is listed by Bryan Disbrow and can be reached at 3866902558.
