1890 S Palmetto Avenue, South Daytona, FL 32119 (MLS# 1228957)

1890 S Palmetto Avenue, South Daytona, FL 32119

$6,000,000
Property Type: Commercial Sale Baths: 40 Square Footage: 33,000 Lot Size (sq. ft.): 32,670 Status: Active
Current Price: $6,000,000 List Date: 7/24/2026 Last Modified: 8/05/2026

Overview

Description

3 PARCELS 3 PROPERTIES: 76 bedroom 40 baths. Riverside at South Daytona presents a rare opportunity to acquire a fully repositioned, cash-flowing four-building multifamily portfolio in one of Florida's dynamic coastal markets. Located off South Palmetto Avenue in Daytona Beach, this exceptional asset sits within close proximity to the Halifax River corridor, offering residents a waterfront lifestyle with close access to Riverfront Veterans Memorial Park's boat ramps and other recreational amenities. Current ownership has executed a comprehensive capital improvement program that transformed the entire portfolio through exterior enhancements including new monument signage, refreshed paint, updated soffits and gutters, and complete interior renovations across all unit configurations delivering contemporary finishes that command premium rents. The property offers a well-balanced unit mix of one and two-bedroom apartments in a garden-style configuration.

Listing Details MLS# 1228957

General Property Information

Number Of Units Total
40
Bathrooms Total
40
Building Area Total
33000
Building Area Source
Owner
Year Built
1973
Lot Size Acres
0.75
Waterfront YN
No
Directions
From Beville Rd continue to S Palmetto Ave. North .6 Miles for 1160 Palm. and South .5 miles for 1180 Palm. Both West of road.
Public Remarks
3 PARCELS 3 PROPERTIES: 76 bedroom 40 baths. Riverside at South Daytona presents a rare opportunity to acquire a fully repositioned, cash-flowing four-building multifamily portfolio in one of Florida's dynamic coastal markets. Located off South Palmetto Avenue in Daytona Beach, this exceptional asset sits within close proximity to the Halifax River corridor, offering residents a waterfront lifestyle with close access to Riverfront Veterans Memorial Park's boat ramps and other recreational amenities. Current ownership has executed a comprehensive capital improvement program that transformed the entire portfolio through exterior enhancements including new monument signage, refreshed paint, updated soffits and gutters, and complete interior renovations across all unit configurations delivering contemporary finishes that command premium rents. The property offers a well-balanced unit mix of one and two-bedroom apartments in a garden-style configuration.
List Price/SqFt
181.82

Property Features

Construction Materials: Block; Concrete Current Use: Multi-Family Flooring: Tile; Vinyl Lot Features: Other Parking Features: Unassigned Sale Includes: Building & Land

Contract Information

Listing Contract Date
2026-07-24
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
1890
Street Direction Prefix
S
Street Name
Palmetto
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32119
MLS Area Major
25 - Daytona S of Beville, E of Nova

Status Change Information

Major Change Timestamp
2026-07-24T13:32:17Z
Major Change Type
New Listing

Unit 1 Details

Furnished
Unfurnished

More Information

Unit 2 Details

Furnished
Unfurnished

Unit 3 Details

Furnished
Unfurnished

Unit 4 Details

Furnished
Unfurnished

Unit 5 Details

Furnished
Unfurnished

Unit 6 Details

Furnished
Unfurnished

Unit 7 Details

Furnished
Unfurnished

Unit 8 Details

Furnished
Unfurnished

Currently Not Used

Bathrooms Total
40
Year Built
1973
Listing Office: FlatFee.com
Last Updated: August - 05 - 2026
Information deemed reliable but not guaranteed.