| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 59th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 145 Boynton Blvd, Daytona Beach, FL, 32118, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1974 |
| Units | 88 |
| Transaction Date | 2025-11-12 |
| Transaction Price | $3,066,129 |
| Buyer | BEACHSIDE TWO LLC |
| Seller | DAYTONA OCEAN BREEZE APARTMENTS FL LLC |
145 Boynton Blvd Daytona Beach Multifamily Investment
Amenity-rich neighborhood fundamentals and elevated home values point to durable renter demand, according to WDSuite’s CRE market data. Focused value-add and operational execution can position a 1974-vintage, 88-unit asset for competitive tenancy and retention.
The property sits in a Daytona Beach neighborhood rated A and ranked 9 out of 159 metro neighborhoods, indicating competitive positioning within the Deltona–Daytona Beach–Ormond Beach region. Amenity access is a clear strength: parks are in the top quartile nationally (99th percentile), with restaurants (94th) and cafés (91st) also outpacing typical U.S. neighborhoods, per WDSuite.
Home values in the neighborhood are elevated relative to incomes (value-to-income ratio in the 96th percentile nationally), which tends to sustain reliance on rentals and supports pricing resilience. Median contract rents sit around mid-market levels locally, and the neighborhood’s rent-to-income ratio near 0.27 suggests landlords should balance growth with retention-focused lease management.
Within a 3-mile radius, population and households have grown over the last five years, and projections indicate further household expansion alongside smaller household sizes. This pattern typically increases demand for apartments, particularly smaller floor plans, and broadens the local tenant base. Renter-occupied housing represents roughly half of units within this radius, reinforcing depth for multifamily leasing.
One caution: neighborhood housing occupancy is low relative to the metro and national context. Investors should underwrite lease-up pacing and seasonality carefully and plan for active marketing and renewal management. The asset’s 1974 construction is slightly older than the neighborhood average (1976), pointing to potential capital planning and selective renovations to maintain competitive standing and capture value-add upside.
Comparable neighborhood safety metrics are not available in WDSuite for this location at this time. Investors may consider reviewing citywide and county sources, trend reports, and property-level history to understand conditions over time and how they compare with the broader Deltona–Daytona Beach–Ormond Beach metro.
Regional employment access is broader across the metro; notable corporate offices within commuting range can contribute to leasing stability for certain resident profiles.
- Symantec — software/security offices (36.3 miles)
This asset’s case centers on strong neighborhood livability, high ownership costs that reinforce rental demand, and a growing, diversifying renter pool within 3 miles. According to commercial real estate analysis from WDSuite, the submarket’s amenity density outperforms national norms, while the property’s 1974 vintage offers a pathway for targeted value-add to improve competitiveness against slightly newer stock.
Key risks include comparatively low neighborhood housing occupancy and tenant affordability management. Prudent underwriting that prioritizes unit mix optimization, renewal strategy, and disciplined capex can help translate location fundamentals into stable occupancy and durable cash flow.
- Amenity-rich location with nationally strong access to parks, dining, and cafés supports everyday livability and leasing.
- Elevated ownership costs locally tend to sustain renter reliance, aiding pricing power and retention.
- 1974 vintage provides clear value-add and capex planning angles to strengthen competitive positioning.
- 3-mile household growth and shrinking household sizes broaden the tenant base for smaller units and stable occupancy.
- Monitor risks: below-metro housing occupancy and rent-to-income considerations require careful lease and renewal management.