| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 48th | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1717 Mason Ave, Daytona Beach, FL, 32117, US |
| Region / Metro | Daytona Beach |
| Year of Construction | 1995 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | $392,000 |
| Buyer | SPT WAH WEDGEWOOD LLC |
| Seller | TWO EIGHTY TWO LTD |
1717 Mason Ave, Daytona Beach FL Multifamily Thesis
Renter-occupied housing is prevalent at the neighborhood level, supporting a deep tenant base, while occupancy trends should be underwritten carefully, according to WDSuite’s CRE market data. Overall positioning favors stable workforce demand, with affordability and leasing management as key operating levers.
Located in an Inner Suburb of Daytona Beach with a B+ neighborhood rating, the area combines everyday convenience with steady workforce housing demand. Neighborhood occupancy is measured at 83.9% and ranks 120 out of 159 metro neighborhoods, indicating below metro median stability; investors should underwrite lease-up and renewal assumptions conservatively and note that this occupancy figure reflects the neighborhood, not the property.
Amenity access is a relative strength. Restaurants rank 6 out of 159 metro neighborhoods and cafés rank 9 out of 159, placing the area in the top quartile locally and aligning with a 95th and 86th national percentile, respectively. Grocery and pharmacy density (12 and 15 out of 159) also land in the top quartile, supporting daily-needs convenience that can aid retention. Park and childcare availability are limited (both ranked 159 out of 159), which may inform resident profile expectations.
The housing stock skews newer than many nearby areas; the average neighborhood construction year is 1986, while this asset’s 1995 vintage is more recent. That positioning can be competitive versus older inventory, though three-decade-old systems may still merit targeted modernization or value-add upgrades to maintain differentiation and manage long-term capital needs.
Tenure patterns point to durable rental demand: renter-occupied share is high (ranked 4 out of 159 metro neighborhoods), signaling a large local renter pool. Median contract rents at the neighborhood level are moderate relative to the metro, but a rent-to-income ratio of 0.29 (7th national percentile) suggests affordability pressure that calls for careful lease management and renewal strategies. Home values sit in lower national percentiles, which can introduce ownership competition at certain price points; pricing power will likely rely on convenience, management quality, and renovated finishes rather than outsized rent increases.
Within a 3-mile radius, population and household counts have expanded meaningfully and are projected to continue growing through 2028. Rising household incomes and an expanding renter base support demand for well-managed units and can help sustain occupancy, even as new supply or shifts in resident preferences may influence absorption.
Comparable safety benchmarking for this specific neighborhood is not available in the current WDSuite dataset. Investors typically compare neighborhood-level trends to metro medians and national percentiles when accessible and supplement with local law enforcement reports and lender diligence. Use consistent criteria across comps and note that any safety references here concern the broader neighborhood rather than the property.
- Symantec — software and cybersecurity (34.4 miles)
1717 Mason Ave offers exposure to a renter-heavy Daytona Beach submarket with strong daily-needs access and a 1995 vintage that competes well against older stock. Based on CRE market data from WDSuite, neighborhood occupancy trends sit below metro median, so underwriting should prioritize retention, operational discipline, and targeted upgrades to drive renewals. High renter concentration and expanding 3-mile demographics bolster demand, while amenity density supports day-to-day convenience and leasing stickiness.
Forward-looking fundamentals are supported by projected growth in population and households within 3 miles, suggesting a larger tenant base over the medium term. Affordability pressure and relatively accessible ownership options introduce competitive dynamics, making unit quality, management execution, and service consistency critical to maintaining occupancy and pricing.
- High renter concentration at the neighborhood level supports depth of demand and renewal opportunities.
- 1995 vintage offers competitive positioning versus older area stock, with selective modernization potential.
- Dense restaurant, grocery, and pharmacy access underpins convenience-driven retention.
- Demographic expansion within 3 miles indicates a growing renter pool and support for occupancy stability.
- Risks: neighborhood occupancy ranks below metro median; rent-to-income pressure and lower ownership costs nearby may limit pricing power without value-add execution.