Andrews Real Estate

Welcome to Andrews Subdivision, a hidden gem nestled in the heart of New Smyrna Beach, Florida. This charming community, located in Volusia County, offers a perfect blend of coastal living and suburban tranquility, making it an ideal place for families, retirees, and anyone looking to embrace the laid-back Florida lifestyle.

Andrews is known for its picturesque streets lined with beautiful homes, many of which boast lush landscaping and inviting curb appeal. The subdivision is characterized by a friendly atmosphere where neighbors become friends, and community gatherings are a regular occurrence. With a variety of home styles to choose from, prospective buyers will find options that cater to diverse tastes and budgets.

One of the standout features of Andrews is its proximity to the stunning beaches of New Smyrna. Just a short drive away, residents can enjoy the sun, surf, and sand that this vibrant coastal town is famous for. Whether you’re looking to soak up the sun, enjoy water sports, or stroll along the picturesque shoreline, the beach is always within reach.

In addition to its natural beauty, Andrews is conveniently located near a range of amenities. Residents have access to top-rated schools, shopping centers, and dining options, ensuring that everything you need is just a stone's throw away. For those who enjoy outdoor activities, nearby parks and recreational facilities provide ample opportunities for hiking, biking, and family outings.

Come discover the charm of Andrews Subdivision and experience the welcoming community spirit that makes New Smyrna Beach a truly special place to call home!

$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

Andrews Real Estate

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