Rare coastal multifamily with true expense control and full

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Home Sale Pending

500 Lenox Avenue

Daytona Beach, Florida 32118

Volusia County

Community: Not on the List

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$559,900 6 br, 5.0 bath 4081 sq. ft. 0.170 acres

Rare coastal multifamily with true expense control and full renovations. A fully occupied 5-unit concrete block building just 0.2 miles from the beach offering the rare advantage of both separate water and separate electric meters, keeping operating costs low and returns strong compared to competing inventory where owners still pay for water. All five units have undergone full interior renovations, not just light updates, and the entire exterior was recently refreshed with a clean white facade and black trim accents for standout curb appeal. The roof was replaced in 2018 and is in excellent condition, supporting a low-maintenance ownership profile. This is a property you'll be confident showing on the rent roll and in person. The layout includes three 2-bedroom / 1-bath units, one 1-bedroom unit, and one studio, offering stable and diversified rental demand in this coastal setting. The building is home to long-standing tenants, and a trusted local management company .. CON'T .. has successfully operated it for years. They can continue for a smooth, turnkey transition or step aside if the buyer prefers to self-manage. Prime location with quick access to the Atlantic Ocean, Intracoastal Waterway, Daytona Beach Pier, Speedway, I-95, and I-4. Low expenses. Full renovations. Strong tenancy. Proven management. Standout beachside asset from day one.

Interior:
  • Bedrooms: 6
  • Baths: 5.0
  • Sq Ft: 4081
  • Year Built: 1947
  • Utilities: 
  • Fireplaces: Has Fireplace
  • Stories: 
  • Heat/AC: 
  • Garage: Off Street, On Street, Assigned
Exterior:
  • Lot Size: 0.170 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Block, Concrete
  • Roof: Shingle
  • Property Taxes: $8,567
  • MLS #: 1221249
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Contact Information:
Beach Home Sale Pending in Daytona Beach, Florida
Listing Agent: Mike Bretzel, Keller Williams Realty Florida Partners, 386-631-5757, 386-944-2800 Listing Site, Listing Status: Pending
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7065716
Viewed 17 times.
Updated: Jan 09, 2026

This property is a Home located at 500 Lenox Avenue, Daytona Beach, Florida 32118, and is currently Sale Pending at $559,900. This Home has 6 bedrooms, 5.0 baths, 4081 sq ft.