Vacant Triplex With Bonus
122 S GARFIELD Avenue Deland, FL 32724
For Sale
$290,000
MULTI_FAMILY - DELAND, FL
Property Size1,760 SF
Lot Size0.21 Acres
Price / SF$164.77
Days on Market12
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
- Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3
- 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
Changed: Jul 24
Last Checked: Jul 26 at 8:06PM
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 provides three 1-bedroom, 1-bath units, including two units with standard layouts and one unit that includes a bonus room that could serve as a second bedroom. Recent updates include new flooring, updated cabinets, and fresh interior paint. Public records indicate the property includes two buildings on a 0.21-acre lot.
The triplex is listed for sale in DeLand, Florida, and is described as having public water and septic. The location is noted as being convenient to downtown DeLand amenities and Stetson University.
The property size is listed as 1,760 square feet, and the zoning is provided as 05R-1.
The triplex is listed for sale in DeLand, Florida, and is described as having public water and septic. The location is noted as being convenient to downtown DeLand amenities and Stetson University.
The property size is listed as 1,760 square feet, and the zoning is provided as 05R-1.
Key Highlights
- Vacant triplex with 3 units: two 1‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit with a bonus room that could serve as a second bedroom
- Recent interior updates include new flooring, cabinets, and fresh interior paint
- 0.21‑acre lot with public water and septic tank service
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 5.32%
Second Best
Apartment 5plus
$191.6K
$167.6K – $223.5K
NOI $13,411 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$518.9K
$454.1K – $605.4K
NOI $36,326 @ 7.0% cap · market cap 12.53%
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
FAQs
What type of property is this?
Triplex - Fully vacant triplex on a 0.21-acre lot with two 1-bedroom units and one unit featuring a bonus room.
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 $290,000.
What are key features of this property?
This property features: Vacant triplex with 3 units: two 1‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit with a bonus room that could serve as a second bedroom; Recent interior updates include new flooring, cabinets, and fresh interior paint; 0.21‑acre lot with public water and septic tank service
