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$739,900
4 Beds ⋅ 3 Baths ⋅ Andrews SubDv. ⋅ 32168 Zip Code
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.

407 Magnolia Street, New Smyrna Beach
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Volusia County › New Smyrna Beach › Andrews

Andrews, New Smyrna Beach

Where Andrews is

Andrews, centered at 29.022162, -80.920474. Drag to explore.
Street level, inside the neighborhood. Drag to look around.

Drive times below are measured on the road network from the center of Andrews, not straight-line distance, in free-flowing traffic. Treat them as the floor rather than the school-run average.

Driving toTimeMiles
DeBary SunRail40 min33.2
Orlando International Airport69 min71.1
Daytona Beach oceanfront30 min16.9
Downtown DeLand34 min24.1

Public schools nearby

  • Read-Pattillo Elementary School 4 min, 1.1 mi
  • Chisholm Elementary School 6 min, 1.5 mi
  • New Smyrna Beach High School 7 min, 2.7 mi
  • Edgewater Public Elementary 8 min, 3.4 mi

Private schools nearby

  • Knight's Christian Academy 2 min, 0.3 mi
  • Faith Christian Academy 2 min, 0.3 mi
  • Little Explorers Montessori 5 min, 1.9 mi

Parks and recreation

  • Riverside Park 1 min, 0.3 mi
  • Emory L. Bennett Park 2 min, 0.5 mi
  • Old Fort Park 2 min, 0.5 mi
  • Myrtle Avenue Park 3 min, 0.9 mi

Groceries and errands

  • The Galley 3 min, 0.5 mi
  • Perrine's Fresh Food Markets 3 min, 0.7 mi
  • Winn-Dixie 5 min, 1.7 mi
  • Publix Super Market at Indian River Village Shopping Center 5 min, 2.1 mi

Nearest is not the same as zoned. The schools above are the closest ones to Andrews by distance. School attendance zones are set by the district, change from year to year, and can differ street to street inside one neighborhood. Confirm the assignment for a specific address with Volusia County Public Schools before it matters to a decision.

Places and drive times from Google, checked 19 September 2026. Businesses open and close; if something here has changed, tell me and I will correct it.

This page tracks what homes in Andrews actually sold for over the last twelve months, how long they took, and what moved the price. It is built from 0 verified closed sales in the Stellar MLS feed, not from public estimates. Every figure is a net-of-concessions number, which is explained at the bottom. Updated September 2026.

Read this one loosely. Fewer than eight homes closed here in the last year, so every median on this page rests on a small sample and can swing on a single sale.

What homes sold for in Andrews

n/aMedian sale price
n/aMedian per square foot
n/aMedian days to contract
0Homes sold in 12 months

Questions about a specific home in Andrews, or want to know what yours would sell for?
Call or text Brenden Rendo at 407-616-9019 or send a message.

About this data. Source is the Stellar MLS feed for Andrews in New Smyrna Beach, Volusia County, covering closed sales from 24 September 2025 through 19 September 2026, refreshed monthly and current as of September 2026. Prices are net of seller concessions, so they reflect what the seller actually received rather than the headline number. Data believed accurate but not guaranteed; listings and closings change daily.