FL
Volusia
NEW SMYRNA BEACH
32168
407 MAGNOLIA STREET
407 MAGNOLIA STREET, NEW SMYRNA BEACH, FL 32168
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Listing Type
Single Family
Listing Status
Active
63
$739,900

Home Details for 407 MAGNOLIA STREET

Price
$739,900
Type
Residential
Bedrooms
4
Total Bathrooms
3
Full Bathrooms
3
Square feet
2824
Year built
1913
Lot size acres
0.17
County
Volusia
Total rooms
5
Basement
Crawl Space
MLS Listing#
NS1088689
Property Description

Turn-Key 1031 Exchange Opportunity in Historic Downtown New Smyrna Beach! Or perhaps you're looking for a charming downtown residence with an income-producing cottage? Rare opportunity to acquire a fully leased multifamily property located in the highly desirable B&B District of Historic Downtown New Smyrna Beach, also within the Historic and Arts Overlay Districts. Whether you're seeking a turn-key investment, a 1031 Exchange property, or a future owner-occupied residence with rental income, this unique property offers exceptional flexibility and long-term value. Ideally situated just a short walk from Canal Street's popular shops, restaurants, art galleries, breweries, and year-round entertainment, this property offers the walkable downtown lifestyle that tenants love and that continues to drive strong rental demand. The property features a charming two-story main residence with two separate apartments, plus a detached cottage: Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry. Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities Approximately 800 square feet with loft, private laundry, and excellent rental flexibility. All three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually. Property Highlights, Three fully leased residential rental units, Multi-family zoning Located within the Historic and Arts Overlay District, Prime Downtown New Smyrna Beach location Easy walk to Canal Street shopping, dining, galleries, and entertainment Main residence roof approximately 8 years old, Detached cottage roof replaced in 2026 Strong long-term rental history with excellent tenant demand Owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, as the property is serviced by one electric meter and one water meter. With an estimated 6.5 capitalization rate, this property presents an outstanding opportunity for investors seeking dependable income, excellent location, and long-term appreciation potential. Properties like this—fully leased, income-producing multifamily investments in Historic Downtown New Smyrna Beach—rarely become available. Schedule your private showing today.

Property Features
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Heating Information
    • Central
    • Electric
  • Parking
    • Driveway
    • Off Street
  • Fire Place
    • Decorative
    • Living Room
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Basement
    • Crawl Space
School Information
School Information for 407 MAGNOLIA STREET, NEW SMYRNA BEACH, FL 32168
Elementary School
Read Pattillo Elem
Middle School
New Smyrna Beach Middl
High School
New Smyrna Beach High
Listing Courtesy: COLLADO REAL ESTATE - 386-427-0002
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-07-31 00:40:09
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EXIT REAL ESTATE PROPERTY SOLUTIONS
431 Canal St. Ste B, New Smyrna Beach, FL 32168
Office
386 402 7909
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