New Smyrna Beach, FL 32168

Listed at $739,900

Details

  • MLS# 1229179
  • Multi Unit - Multiple
  • Status Active
  • 4 Bedrooms
  • 3 full Bathrooms
  • 2,824 Square Feet
  • 0.170 acres
  • Built in 1913
  • Local Schools

Description

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 rental 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,...read more art galleries, breweries, and year-round entertainment, this property 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 cottageSEE MORE Main ResidenceLower 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.Detached CottageApproximately 800 square feet with loft, private laundry, and long term tenants.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 HighlightsThree fully leased residential rental unitsMulti-family zoningLocated within the Historic and Arts Overlay DistrictPrime Downtown New Smyrna Beach locationEasy walk to Canal Street shopping, dining, galleries, and entertainmentMain residence roof approximately 8 years oldDetached cottage roof replaced in 2026Strong long-term rental history with excellent tenant demandOwner 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. Owner financing considered with substantial downpayment and a shorter term balloon payoff. Schedule your private showing today.

Features

  • Washer/Dryer Stacked
  • Washer
  • Tankless Water Heater
  • Refrigerator
  • Microwave
  • Gas Water Heater
  • Gas Range
  • Dryer
  • Dishwasher
  • Central Air, Electric, Multi Units, Individual
  • 1 Fireplace
  • Tile
  • Wood
  • Central, Electric, Hot Water, Natural Gas
  • 2.0 Stories
  • $4,590 Taxes
  • Public
  • Built in 1913
View All Features

Photo Gallery

View Slideshow

Contact the Agent

Contact the Listing Agent
Real estate agents ready to serve you | Browse homes and real estate for sale
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 08/16/2026. The listing information on this page last changed on 08/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 08/16/2026 12:14:18 AM EST) or Miami MLS (last updated Sun 08/16/2026 12:08:45 AM EST) or Stellar MLS (last updated Sat 08/15/2026 11:58:48 PM EST) or Daytona MLS (last updated Sat 08/15/2026 11:36:45 PM EST) or Tallahassee MLS (last updated Sat 08/15/2026 10:48:20 PM EST) or Northeast Florida MLS (last updated Sun 08/16/2026 12:08:51 AM EST) or My State MLS (last updated Sat 08/15/2026 11:30:14 PM EST) or Florida Keys MLS (last updated Sat 08/15/2026 12:28:29 AM EST). Real estate listings held by brokerage firms other than Adams Cameron & Co. REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
Federal Housing Equal Opportunity Realtor
This site is hosted, designed and copyright © 1994 - 2026 by Delta Media Group, Inc. -- Patent Pending --
  

Property Image 1
Property Image 2
Property Image 3
Property Image 4
Property Image 5
Property Image 6
Property Image 7
Property Image 8
Property Image 9
Property Image 10
Property Image 11
Property Image 12
Property Image 13
Property Image 14
Property Image 15
Property Image 16
Property Image 17
Property Image 18
Property Image 19
Property Image 20
Property Image 21
Property Image 22
Property Image 23
Property Image 24
Property Image 25
Property Image 26
Property Image 27
Property Image 28
Property Image 29
Property Image 30
Property Image 31
Property Image 32
Property Image 33
Property Image 34
Property Image 35
Property Image 36
Property Image 37
Property Image 38
Property Image 39
Property Image 40
Property Image 41
Property Image 42
Property Image 43
Property Image 44
Property Image 45
Property Image 46
Property Image 47
Property Image 48
Property Image 49
Property Image 50
Property Image 51
Property Image 52
Property Image 53
Property Image 54
Property Image 55
Property Image 56
Property Image 57
Property Image 58
Property Image 59
Property Image 60
Property Image 61
Property Image 62
Property Image 63
Property Image 64
Property Image 65
Property Image 66
Property Image 67
Property Image 68
Property Image 69
Property Image 70
Property Image 71

All Property Features

  • Property Type: Multi Unit - Multiple
  • Appliances: Washer/Dryer Stacked, Washer, Tankless Water Heater, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dryer, Dishwasher
  • Cooling: Central Air, Electric, Multi Units, Individual
  • Days on Site: 16
  • Directions: Canal Strret E from US 1 to Magnolia, go right head South to 407 on the left. Street parking only.
  • Exterior: Frame, Other
  • Exterior Amenities: Courtyard
  • Fireplace: Other
  • Fireplaces: 1
  • Flooring: Tile, Wood
  • Fuel Type: Electric, Gas
  • Heating: Central, Electric, Hot Water, Natural Gas
  • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup, Multiple Locations
  • Listing Terms: Cash, Conventional
  • Lot Description: Historic Area, Many Trees
  • Lot Dimensions: 50 X 150
  • Lot Size: 0.17 Acres
  • Parking: Assigned, On Street
  • Property Attached Y/N: No
  • Property Sub-Type: Triplex
  • Road Frontage: City Street
  • Road Surface: Asphalt
  • Roof Type: Metal, Shingle
  • SQFT Total: 3064
  • Stories: 2.0
  • Taxes: $4,590
  • Units: 3
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water: Public
  • Year Built: 1913