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1890 S Palmetto Avenue, South Daytona, FL 32119

New Listing
$6,000,000
Property Type: Commercial Sale Baths: 40 Square Footage: 33,000 Lot Size (sq. ft.): 32,670 Status: Active
Current Price: $6,000,000 List Date: 7/24/2026 Last Modified: 7/24/2026

Overview

Description

3 PARCELS 3 PROPERTIES: 76 bedroom 40 baths. Riverside at South Daytona presents a rare opportunity to acquire a fully repositioned, cash-flowing four-building multifamily portfolio in one of Florida's dynamic coastal markets. Located off South Palmetto Avenue in Daytona Beach, this exceptional asset sits within close proximity to the Halifax River corridor, offering residents a waterfront lifestyle with close access to Riverfront Veterans Memorial Park's boat ramps and other recreational amenities. Current ownership has executed a comprehensive capital improvement program that transformed the entire portfolio through exterior enhancements including new monument signage, refreshed paint, updated soffits and gutters, and complete interior renovations across all unit configurations delivering contemporary finishes that command premium rents. The property offers a well-balanced unit mix of one and two-bedroom apartments in a garden-style configuration.

Listing Details MLS# 1228957

General Property Information

Number Of Units Total
40
Bathrooms Total
40
Building Area Total
33000
Building Area Source
Owner
Year Built
1973
Lot Size Acres
0.75
Waterfront YN
No
Directions
From Beville Rd continue to S Palmetto Ave. North .6 Miles for 1160 Palm. and South .5 miles for 1180 Palm. Both West of road.
Public Remarks
3 PARCELS 3 PROPERTIES: 76 bedroom 40 baths. Riverside at South Daytona presents a rare opportunity to acquire a fully repositioned, cash-flowing four-building multifamily portfolio in one of Florida's dynamic coastal markets. Located off South Palmetto Avenue in Daytona Beach, this exceptional asset sits within close proximity to the Halifax River corridor, offering residents a waterfront lifestyle with close access to Riverfront Veterans Memorial Park's boat ramps and other recreational amenities. Current ownership has executed a comprehensive capital improvement program that transformed the entire portfolio through exterior enhancements including new monument signage, refreshed paint, updated soffits and gutters, and complete interior renovations across all unit configurations delivering contemporary finishes that command premium rents. The property offers a well-balanced unit mix of one and two-bedroom apartments in a garden-style configuration.
List Price/SqFt
181.82

Property Features

Construction Materials: Block; Concrete Current Use: Multi-Family Flooring: Tile; Vinyl Lot Features: Other Parking Features: Unassigned Sale Includes: Building & Land

Contract Information

Listing Contract Date
2026-07-24
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
1890
Street Direction Prefix
S
Street Name
Palmetto
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32119
MLS Area Major
25 - Daytona S of Beville, E of Nova

Status Change Information

Major Change Timestamp
2026-07-24T13:32:17Z
Major Change Type
New Listing

Unit 1 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

More Information

Unit 2 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

Unit 3 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

Unit 4 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

Unit 5 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

Unit 6 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

Unit 7 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

Unit 8 Details

Furnished
Unfurnished
Unit ID
No
Annual Rent
0
Unit SqFt
0
Unit Remarks
No

Location, Tax, and Legal

Country
US
Parcel Number
5344-16-00-0431
Tax Annual Amount
64065.9
Tax Year
2025
Tax Legal Description
E 331 FT OF LOT 43A E OF RIDGEWOOD AVE BLAKE DB E PG 150 MB 1 PG 38 PER OR 4673 PGS 1318-1319 PER OR 4673 PGS 1539-1540 PER OR 7792 PG 4778 PER OR 8452 PG 2562

Currently Not Used

Additional Parcels YN
Yes
Additional Parcels Description
534001000071 address : 1160 S PALMETTO AVE 534416000423 address : 201 KOST RD
Bathrooms Total
40
Year Built
1973

Construction Materials

Block
Yes
Concrete
Yes

Current Use

Multi-Family
Yes

Flooring

Tile
Yes
Vinyl
Yes

Lot Features

Other
Yes

Parking Features

Unassigned
Yes

Sale Includes

Building & Land
Yes
Listing Office: FlatFee.com
Last Updated: July - 24 - 2026
Information deemed reliable but not guaranteed.

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