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516 Phoenix Avenue

Daytona Beach, FL 32118

7 beds
6 baths
2,888 sqft
6,480 sqft lot
$225 per sqft
1935 build
– on site

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!

Listing courtesy of STELLAR_MLS / EMPIRE NETWORK REALTY

Last checked: Checking… • Last updated Apr 29, 2025 •

MLS# O6296060 —

The Building

Year Built:

1935
New Construction:

false
Construction Materials:

Block
Levels:

Two
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

1
Building Area Total:

2888
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

false

Room Dimensions

Living Area:

2888
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From US 92 turn Right on S Peninsula (SR441), turn left onto Phoenix Ave. 6 Plex on your right.
Latitude:

29.213276
Longitude:

-81.002942
Coordinates:

-81.002942, 29.213276

The Property

Parcel Number:

530916000180
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

0.15
Lot Size Area:

6480
Lot Size SqFt:

6480
Lot Size Dimensions:

81 x 80
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

0800-MFR
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

x
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

17
Tax Legal Description:

E 10 FT OF LOT 17 & LOT 18 & W 5.5 FT OF LOT 19 CAREW SUB IN HUSTONS DAYTONA BCH MB 8 PGS 145-146 INC PER OR 4603 PG 4788 PER OR 5543 PG 4055 PER OR 5781 PGS 2385-2386 PER OR 6847 PG 0230 PER OR 6880 PG 0781 PER OR 7687 PG 3234 PER OR 8595 PG 1418
Tax Book Number:

8-145
Tax Annual Amount:

$5,923.56

Beds

Bedrooms Total:

7

Baths

Total Baths:

6

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6296060
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Mini-Split Unit(s)
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer

Appliances

Laundry Features:

Common Area

The Community

Subdivision Name:

CAREW
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
4/3/25 Apr 3, 2025	Listed / Active	STELLAR_MLS	$650,000
7/31/24 Jul 31, 2024	Price Changed	STELLAR_MLS
7/30/24 Jul 30, 2024	Price Changed	STELLAR_MLS

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This multifamily located in Neighborhood C, Daytona Beach, FL 32118 is currently for sale for $650,000. 516 Phoenix Avenue is a 2,888 square foot multifamily with 7 beds and 6 baths that has been on Estately for 76 days. 516 Phoenix Avenue is in the Neighborhood C neighborhood of Daytona Beach and has a WalkScore® of 33, making it car-dependent. This multifamily is in the attendance area of R.J. Longstreet Elementary School, Campbell Middle School, and Mainland High School.

Listing Courtesy of: STELLAR_MLS and EMPIRE NETWORK REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.