407 Ora Street, Daytona Beach, FL 32118 (MLS# 1224161)

407 Ora Street, Daytona Beach, FL 32118

New Listing

$295,900

Property Type: Residential Income Bedrooms: 2 Baths: 3 Square Footage: 1,183 Lot Size (sq. ft.): 3,485 Status: Active

Current Price: $295,900 List Date: 5/12/2026 Last Modified: 5/12/2026

Overview

Description

Exceptional investment opportunity just three blocks from the beach and within walking distance to Ocean Walk Village, Bandshell, Daytona Lagoon, restaurants, shopping, and entertainment. This beachside tri-plex features two one-bedroom apartments—one offering a larger floor plan with a walk-in closet and the other a smaller yet efficient layout—and one studio. Two units are occupied by reliable long-term tenants, while one unit and a detached two-car garage are vacant and ready to generate additional income. Units 1 and 3 are equipped with gas stoves, and the owner pays for gas service under a single meter. The roof was replaced in 2018, and vinyl siding ensures low maintenance. Consistent rental demand and a prime beachside location make this property an excellent choice for investors seeking strong cash flow and long-term growth.

Listing Details MLS# 1224161

General Property Information

Number Of Units Total: 3
Bedrooms Total: 2
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 1183
Year Built: 1923
Lot Size Acres: 0.08
Lot Size Dimensions: 42.0 ft x 90.0 ft
CDD Fee YN: No
Stories Total: Yes
Direction Faces: South
Directions: From International Speedway Blvd, head north on Peninsula, right on Ora. Building is on the left.
Public Remarks: Exceptional investment opportunity just three blocks from the beach and within walking distance to Ocean Walk Village, Bandshell, Daytona Lagoon, restaurants, shopping, and entertainment. This beachside tri-plex features two one-bedroom apartments—one offering a larger floor plan with a walk-in closet and the other a smaller yet efficient layout—and one studio. Two units are occupied by reliable long-term tenants, while one unit and a detached two-car garage are vacant and ready to generate additional income. Units 1 and 3 are equipped with gas stoves, and the owner pays for gas service under a single meter. The roof was replaced in 2018, and vinyl siding ensures low maintenance. Consistent rental demand and a prime beachside location make this property an excellent choice for investors seeking strong cash flow and long-term growth.
List Price/SqFt: 250.13

Property Features

Appliances: Electric Range; Gas Range; Refrigerator Construction Materials: Frame; Vinyl Siding; Other Cooling: Wall/Window Unit(s) Current Use: Multi-Family; Residential Heating: Electric; Individual Listing Terms: Cash; Conventional Lock Box Type: See Remarks Lot Features: Cleared Parking Features: Garage; Off Street; On Street Possession: Close Of Escrow Tenant Pays: Electricity Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Listing Contract Date: 2026-03-16
Property Sub Type: Triplex

Location Tax and Legal

Street Number: 407
Street Name: Ora
Street Suffix: Street
County: Volusia
State: FL
Postal Code: 32118
Subdivision Name: Memento
MLS Area Major: 14 - Daytona Peninsula S of Seabreeze

Status Change Information

Major Change Timestamp: 2026-05-12T18:50:19Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-12T18:50:19Z

Income and Expenses

Gross Income: 32100
Net Operating Income: 22490

More Information

Unit 1 Details

Unit ID: Yes
Actual Rent: 900
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Vacant since mid October 2025
Unit SqFt: 0

Unit 2 Details

Unit ID: 2
Actual Rent: 1100
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Occupied. Larger 1bed/1bath with walk-in closet.
Unit SqFt: 0

Unit 3 Details

Unit ID: 3
Actual Rent: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Occupied. Efficiency unit.
Unit SqFt: 0

Location, Tax, and Legal

Country: US
Parcel Number: 5305-08-16-0032
Tax Annual Amount: 4605.53
Tax Year: 2025
Zoning Description: Multi Family
Tax Legal Description: E 42 FT OF W 92 FT OF LOT 3 BLK 16 MEMENTO PER OR 3985 PGS 0284-0285 PER OR 5648 PG 4187 PER OR 7697 PG 2618 PER OR 8077 PG 4739

Currently Not Used

Bedrooms Total: 2
Bathrooms Full: 3
Bathrooms Half: 0
Bathrooms Total: 3
Building Area Total: 1183
Year Built: 1923
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No

Lock Box Type

See Remarks: Yes

Appliances

Electric Range: Yes
Gas Range: Yes
Refrigerator: Yes

Construction Materials

Frame: Yes
Vinyl Siding: Yes
Other: Yes

Cooling

Wall/Window Unit(s): Yes

Current Use

Multi-Family: Yes
Residential: Yes

Heating

Electric: Yes
Individual: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Cleared: Yes

Parking Features

Garage: Yes
Off Street: Yes
On Street: Yes

Possession

Close Of Escrow: Yes

Tenant Pays

Electricity: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Listing Office: A.H. Stone & Associates Inc

Last Updated: May - 12 - 2026

Information deemed reliable but not guaranteed.

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