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$650K

610 Ridgewood Avenue

Daytona Beach, FL 32114

Listing updated: September 8, 2026 at 12:46 AM ET

Active
Stellar MLSListing courtesy of Charles Rutenberg Realty Orlando · Husain Jaffer · MLS #O6436253 · Active · 407-622-2122
2,400
Building SF
0.2
Acres
5
Units
1915
Built
$270.83
Per SF
Multi-Family 5+6.90% cap rate$270.83/SF
Multi-Family 5+

Property type

1915

Year built

2,400 SF

Building size

8,777 sqft

Lot size

$270.83

Price / SF

5

Units

02T2

Zoning

0

Days on market

Investment & cash flow

6.90%
Cap rate
$45K
NOI / yr
$61K
Gross income (Actual)
$16K
Annual expenses
10.7
GRM
$270.83
Price / SF

Figures provided by the listing broker — verify independently.

About this property

Rare corner-lot investment opportunity at the intersection of S Ridgewood Ave & Cedar St, in the heart of a rapidly gentrifying Downtown Daytona Beach corridor. This 5-unit property is priced to move at roughly $125K/door as-is, offering an immediate cash-flowing asset in a location surrounded by ongoing redevelopment and rising rents. But the real story here is the upside: the sale includes an adjacent parcel, bringing total assemblage to approximately 0.40 acres — situated within Downtown zoning that permits up to 40 units per acre. That opens the door to a long-term redevelopment play of an estimated 12–16 units on the combined site (buyer to verify with the City of Daytona Beach Planning Division), essentially tripling the unit count from what's on the ground today. Whether you're an investor looking for stabilized income now with a built-in expansion runway, or a developer eyeing infill density in one of Daytona's fastest-growing submarkets, this corner offers both. Walking distance to the Halifax River, downtown core, and the beachside corridor — in a location where new construction and renovation activity keep pushing values upward. Hold it, lease it, or reposition it. Opportunities to acquire this much upside on a single corner in Downtown Daytona don't come around often.

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
0
Subdivision
Marshall Blk 15 Daytona
County
Volusia
Year built
1915
Building area
2,400 sq ft
Price/sq ft
$270.83
Lot size
8,777 sq ft
Units
5
Buildings
2
Stories
2
Road frontage
Interstate
Annual taxes
$3K (2025)
Parcel #
5339-16-00-0020
Zoning
02T2
MLS #
O6436253

Listing details

Listing date
2026-08-24
On market date
2026-09-08
MLS area
32114 - Daytona Beach
Status changed
2026-09-08
Tax legal description
39-15-33 S 37.5 LOT 2 & INC N 1/2 OF LOT 3 EXC HWY MARSHALL SUB BLK 15 DAYTONA MB 15 PG 123 PER OR 4378 PG 2450 PER OR 7092 PG 0998 PER OR 7284 PG 4413 PER OR 7308 PG 3825 & 3826 PER OR 8125 PG 3763

Location

Directions

I4 TO DAYTONA

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information 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.

Based on information submitted to the MLS GRID as of September 8, 2026 at 12:46 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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610 Ridgewood Avenue — $650K | MaxLife Commercial