Vacant Triplex with Updated
122 S GARFIELD Avenue Deland, FL 32724
122 S GARFIELD Avenue, Deland, FL, 32724
$315,000
For Sale
$315,000
MULTI_FAMILY - DELAND, FL
Property Size1,760 SF
Lot Size0.21 Acres
Price / SF$178.98
Days on Market8
Property Features for 122 S GARFIELD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- 05R-1
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1
- Pets allowed
- Yes
- Interior features
- Cathedral Ceiling(s), Ceiling Fans(s)
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 7016-06-00-0050
- Size
- 1,760 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 5 FARRARS SUB LOT 1 ASSRS SUB DELAND PER OR 4305 PG 3689 PER OR 6823 PG 4620 PER OR 6896 PG 1726 PER OR 7137 PG 1489 PER OR 8677 PG 0919
- Tax Annual Amount
- 3054
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Flooring type
- Tile - Ceramic
- Building materials
- Concrete, Frame
- Roof type
- Shingle
Listing agency
LPT REALTY, LLC
(877) 366-2213
Listed by
James Oxendine II
(407) 269-0808
Added: Jul 15 Updated: Jul 21 at 2:51PM Checked: Jul 22 at 3:06AM
MLS# O6422166
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully vacant triplex includes three 1-bedroom, 1-bath units. Two of the units are configured as 1-bedroom/1-bath layouts, while the third unit includes a bonus room that could function as an additional sleeping space. Recent updates are noted for flooring, cabinets, and fresh interior paint, providing a refreshed interior across the property.
Public records indicate two buildings on a 0.21-acre lot with public water and septic services. The property is described as convenient to downtown DeLand amenities and Stetson University.
The asset is zoned 05R-1, and with all units currently vacant, the next owner can re-lease the units subject to applicable local rules and regulations.
Public records indicate two buildings on a 0.21-acre lot with public water and septic services. The property is described as convenient to downtown DeLand amenities and Stetson University.
The asset is zoned 05R-1, and with all units currently vacant, the next owner can re-lease the units subject to applicable local rules and regulations.
Key Highlights
- Fully vacant 3‑unit triplex with two 1BR/1BA units plus one 1BR/1BA unit with a bonus room that could be used as a second bedroom
- Recent updates include new flooring, cabinets, and fresh interior paint
- Built in 1949; features cathedral ceilings and ceiling fans
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.5k | $13.92 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $22.1k | $12.53 |
| − OpEx | −$6.6k | −$3.76 |
| NOI | $15.4k | $8.77 |
1,760 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.6K
$193.0K – $257.3K
NOI $15,440 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$191.6K
$167.6K – $223.5K
NOI $13,411 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$518.9K
$454.1K – $605.4K
NOI $36,326 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Baby Driver's Transport
Courier Service
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully vacant triplex with two standard 1-bed units and one unit with a bonus room on public water and septic.
Where is this triplex located?
The property is located at 122 S GARFIELD Avenue Deland, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Fully vacant 3‑unit triplex with two 1BR/1BA units plus one 1BR/1BA unit with a bonus room that could be used as a second bedroom; Recent updates include new flooring, cabinets, and fresh interior paint; Built in 1949; features cathedral ceilings and ceiling fans
