Duplex with Recent
For Sale
$349,000
1619 S HIGH Street, Deland, FL 32720
Residential Income, DELAND, FL
Property Size1,664 SF
Lot Size0.30 Acres
Price / SF$209.74
Days on Market47
Property Features for 1619 S HIGH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
01R6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 2
Parking features
Driveway
Window features
Skylight(s)
Interior features
Cathedral Ceiling(s)
Subdivision
EDGEWOOD HEIGHTS
Directions
Heading North on 17/92, turn left onto ST RT 15A to left on South adelle to first right onto Tayor road. Taylor to right onto South High. Building will be on right.
Standard status
Active
APN
7020-15-04-0060
Size
1,664 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
20-17-30 N 100 FT OF THE W 153.68 FT EXC W 25 FT BLK 4 EDGEWOOD HEIGHTS SUB MB 8 PG 2 PER OR 4499 PG 3992 PER OR 4499 PG 4002
Tax Annual Amount
4619
Legal Description
20-17-30 N 100 FT OF THE W 153.68 FT EXC W 25 FT BLK 4 EDGEWOOD HEIGHTS SUB MB 8 PG 2 PER OR 4499 PG 3992 PER OR 4499 PG 4002
Utilities
Sewer type
Aerobic Septic
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Building materials
Block
Roof type
Shingle
Listing Agency:
SAND DOLLAR REALTY GROUP INC
(407) 389-7318
Listed By:
Jim Kepple, Jr · License #680385
(704) 778-8101
Added: Jul 26
Changed: Sep 3
Last Checked: Sep 10 at 12:06AM
MLS# O6428255
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 1,664-square-foot duplex sits on 0.3 acres and was built in 1988. The block-construction property includes two residential units, each with functional living space. Improvements include a shingle roof replaced in 2022 and a new aerobic septic system installed in 2026. Public water service is also available.
Interior features include cathedral ceilings, central air conditioning, and heat-pump heating. The property has driveway parking and is currently occupied by paying tenants. Located in DeLand, the property carries 01R6 zoning and includes bedrooms, bathrooms, and laundry space across the two-unit configuration.
Interior features include cathedral ceilings, central air conditioning, and heat-pump heating. The property has driveway parking and is currently occupied by paying tenants. Located in DeLand, the property carries 01R6 zoning and includes bedrooms, bathrooms, and laundry space across the two-unit configuration.
Key Highlights
- Two‑unit duplex with 1,664 square feet of property area
- 0.3‑acre lot in DeLand, FL
- Shingle roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,940
$291.9K
Cap Rate 7%
$208,529
$208.5K
Cap Rate 9%
$162,189
$162.2K
Market Conditions
NOI Build-Up for 1,664 SF
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.
Gross rent
$23.2K $13.92/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$20.9K $12.53/SF
− OpEx
−$6.3K −$3.76/SF
NOI
$14.6K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,940
Cap Rate 7%
$208,529
Cap Rate 9%
$162,189
Alternative Uses
Best Use
Multifamily LT 5
$208.5K
$182.5K – $243.3K
NOI $14,597 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$181.1K
$158.5K – $211.3K
NOI $12,680 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 32720, FL
33,568
Population
13,962
Households
2.4
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
66.3 sq mi
ZIP Area
506
Density / Sq Mi
$67,512
Median Household Income
$39,159
Median Earnings
$1,177
Median Rent
$280,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-unit property with a 2022 roof replacement and 2026 septic installation.
Where is this duplex located?
The property is located at 1619 S HIGH Street Deland, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,664 square feet of property area; 0.3‑acre lot in DeLand, FL; Shingle roof replaced in 2022
