# 532 Magnolia Avenue, Daytona Beach, FL 32114 > **TL;DR:** 5bd/4ba multi-family, $510,993 ($237/sqft), built 1935, 2,154 sqft. > A/C, 1-car garage. Est. $2,733/mo. Listed 32 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $510,993 | | Price/sqft | $237 | | Bedrooms | 5 | | Bathrooms | 4 full | | Square Feet | 2,154 | | Year Built | 1935 | | Lot Size | 6,534 sqft (0.15 acres) | | Stories | 2 | | Garage | 1-car | | Property Type | Multi-Family (Triplex) | | Status | Active | | Days on Market | 32 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,584 | | Estimated Insurance | $149 | | **Total** | **$2,733** | ## Key Amenities - A/C - 1-car garage ## Property Highlights - Built in 1935 - 0.15 acre lot - 2 stories ## Description ### Agent Description 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. ## Location - **Address:** 532 Magnolia Avenue, Daytona Beach, FL 32114 - **County:** Volusia - **Neighborhood:** Hodgmans - **Coordinates:** 29.207568, -81.025668 - **Google Maps:** https://www.google.com/maps?q=29.207568,-81.025668 ## Listing Agent - **Name:** Cheryl Gray - **Brokerage:** Oceans Luxury Realty Full Service LLC - **Broker Phone:** 386-455-0830 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/532-Magnolia-Ave_Daytona-Beach_FL_32114_M67741-84387?f=listhub&s=DBAARFL&m=1231493&c=propsimple) ## Photos ![532 Magnolia Avenue - Photo 1](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2744409512r.jpg) ![532 Magnolia Avenue - Photo 2](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f1038787030r.jpg) ![532 Magnolia Avenue - Photo 3](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f1096280396r.jpg) ![532 Magnolia Avenue - Photo 4](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f744165414r.jpg) ![532 Magnolia Avenue - Photo 5](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3667271856r.jpg) ![532 Magnolia Avenue - Photo 6](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2636708270r.jpg) ![532 Magnolia Avenue - Photo 7](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f660159085r.jpg) ![532 Magnolia Avenue - Photo 8](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f1157773464r.jpg) ![532 Magnolia Avenue - Photo 9](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f380078133r.jpg) ![532 Magnolia Avenue - Photo 10](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2013687434r.jpg) ![532 Magnolia Avenue - Photo 11](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3473569511r.jpg) ![532 Magnolia Avenue - Photo 12](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3473569511r.jpg) ![532 Magnolia Avenue - Photo 13](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3212111125r.jpg) ![532 Magnolia Avenue - Photo 14](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3660698569r.jpg) ![532 Magnolia Avenue - Photo 15](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2859514072r.jpg) ![532 Magnolia Avenue - Photo 16](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f1494451611r.jpg) ![532 Magnolia Avenue - Photo 17](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2019014533r.jpg) ![532 Magnolia Avenue - Photo 18](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f833835877r.jpg) ![532 Magnolia Avenue - Photo 19](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f1187584036r.jpg) ![532 Magnolia Avenue - Photo 20](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2244789808r.jpg) ![532 Magnolia Avenue - Photo 21](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2922260821r.jpg) ![532 Magnolia Avenue - Photo 22](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f919023182r.jpg) ![532 Magnolia Avenue - Photo 23](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f821007124r.jpg) ![532 Magnolia Avenue - Photo 24](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2037695233r.jpg) ![532 Magnolia Avenue - Photo 25](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2514402304r.jpg) ![532 Magnolia Avenue - Photo 26](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2933278938r.jpg) ![532 Magnolia Avenue - Photo 27](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3859421265r.jpg) ![532 Magnolia Avenue - Photo 28](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f360494733r.jpg) ![532 Magnolia Avenue - Photo 29](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f1680574118r.jpg) ![532 Magnolia Avenue - Photo 30](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2474937969r.jpg) ![532 Magnolia Avenue - Photo 31](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3321867516r.jpg) ![532 Magnolia Avenue - Photo 32](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f531376620r.jpg) ![532 Magnolia Avenue - Photo 33](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f1096280396r.jpg) ![532 Magnolia Avenue - Photo 34](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2270178791r.jpg) ![532 Magnolia Avenue - Photo 35](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2123988947r.jpg) ![532 Magnolia Avenue - Photo 36](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f3772670527r.jpg) ![532 Magnolia Avenue - Photo 37](http://lh.rdcpix.com/e4a3948093433a0f048853babdaf418cl-f2002393880r.jpg) --- **MLS#:** 1231493 | **Updated:** 2026-11-01 **Source:** listhub *Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/532-magnolia-avenue-daytona-beach-fl-32114-111277dd597c45bc91e4deef6bfca4b7) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/532-magnolia-avenue-daytona-beach-fl-32114-111277dd597c45bc91e4deef6bfca4b7#listing", "url": "https://www.propertysimple.ai/listing/532-magnolia-avenue-daytona-beach-fl-32114-111277dd597c45bc91e4deef6bfca4b7", "name": "532 Magnolia Avenue, Daytona Beach, FL 32114", "description": "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. 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