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DAYTONA BEACH, FL 32114 545 N RIDGEWOOD AVENUE

545 N RIDGEWOOD AVENUE DAYTONA BEACH, FL - Image 1545 N RIDGEWOOD AVENUE DAYTONA BEACH, FL - Image 2545 N RIDGEWOOD AVENUE DAYTONA BEACH, FL - Image 3
Presented By: OUTLET REALTY with 407-353-5518. - 407-308-0600
  • MLS# O6353591
  • 10/17/2025
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  • Beds • 15
  • Baths • 9
  • SQFT • 4,560

Home Details

Presenting an exceptional opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Daytona Beach. The property comprises nine (9) residential units, with eight units currently occupied, generating a net operating income (NOI) of $143,142 and a strong 10.22 cap rate. A majority of tenants are supported through federal housing, providing reliable, government-backed rental income and consistent cash flow. Strategically positioned just minutes from Daytona Beach International Airport, Daytona International Speedway, and the city’s revitalized downtown corridor, the property benefits from high visibility and proximity to key employment, education, and transportation hubs. This central location supports long-term tenant demand and ongoing appreciation potential in one of Florida’s fastest-growing coastal markets. Enhancing the offering are two adjoining vacant parcels — 224 Arlington Ave (0.10 acre) and 230 Arlington Ave (0.14 acre) — included in the sale. Together, these lots present an additional 0.24 acres of development potential, ideal for future multifamily expansion, parking facilities, or complementary commercial use. This asset represents a rare opportunity to secure a well-performing investment with immediate income stability and tangible growth upside. Investors seeking a balance of dependable returns and long-term capital appreciation will find 545 N Ridgewood Ave an exceptional addition to any portfolio.
Presented By: OUTLET REALTY with 407-353-5518. - 407-308-0600

Interior Features for 545 N RIDGEWOOD AVENUE

Bedrooms

Total Bedrooms15

Bathrooms

Total Baths9

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesopen floorplan
Laundry Featurescommon area

General for 545 N RIDGEWOOD AVENUE

Additional Parcels Description533834020040, 533834020041
Additional Parcels Y/NYes
Building Area Unitssquare feet
Carport Y/NNo
Citydaytona beach
Construction Materialsblock
Coolingwall/window unit(s)
Countyvolusia
Directionshead south on w international speedway blvd, left on n ridgewood ave, right on arlington ave
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
HOANo
Heatingwall units / window unit
Land Lease Y/NNo
Legal Descriptionlots 2a 2b 3a 3b & 3c exc hwy blk b rogers & taylors sub daytona mb 4 pg 184 per or 3950 pg 4978 per or 7818 pg 3479
Living Area Unitssquare feet
Lot Size Square Feet20037
Lot Size Unitssquare feet
MLS Area32114 - daytona beach
New ConstructionNo
Number Of Units Total9
Ownershipfee simple
Property Subtypemulti family
Property Typeresidential income
Roofconcrete
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namerogers & taylor
Tax Annual Amount8629
Tax Lot2a
Tax Year2024
Utilitieselectricity connected, sewer connected, water - multiple meters
Water Access Y/NNo
Water View Y/NNo
Year Built1954
Zoning0800 - mfr

Exterior for 545 N RIDGEWOOD AVENUE

Exterior Amenitiesgarden, sidewalk
Foundation Detailsblock
Lot Featurescorner lot
Lot Size Acres0.46
Lot Size Area20037
Number of Buildings3
Number of Lots2
Parking Featuresdriveway
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Silcock

Broker Owner
Price $1,300,000
MLS#O6353591
List Date 10/17/2025
Property Type Income
Phone 407.574.0218
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