$650,000

About this home

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.

Property details

MLS

Stellar MLS

MLS #

MFRO6436253

Property type

Multi-Family 5+

Subdivision

MARSHALL BLK 15 DAYTONA

Status

Active

Days on market

N/A

On market date

September 8, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.2 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.