Restored Historic Duplex
201 E VOORHIS AVENUE Deland, FL 32724
For Sale
$439,000
Restored three-story duplex with two separate units and updated interior and exterior finishes in DeLand’s Historic Garden District.
Property Size1,960 SF
Price / SF$223.98
Days on Market19
Property Features for 201 E VOORHIS AVENUE
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1937
Listing Agency:
REALTY WORLD PREFERRED
(407) 834-7368
Listed By:
Gillian Newman · License #3471587
Source:
Miharaandassociates
Added: Jul 6
Changed: Jul 23
Last Checked: Jul 23 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY WORLD PREFERRED
Investment Insights
Based on property information with market context.
This restored three-story duplex offers two separate residential units. One unit features three bedrooms and one bathroom, while the second unit features two bedrooms and 1.5 bathrooms. Reported improvements include updated flooring, interior and exterior paint, and refreshed bathrooms, with the property described as well maintained.
The duplex is located in DeLand’s Historic Garden District, approximately one mile from Stetson University and near Historic Downtown DeLand. Local access is described to include shopping, restaurants, parks, and community events.
With long-term tenants already in place, the property provides an income-producing residential duplex configuration that combines historic character with modern updates to key interior finishes and bathrooms.
The duplex is located in DeLand’s Historic Garden District, approximately one mile from Stetson University and near Historic Downtown DeLand. Local access is described to include shopping, restaurants, parks, and community events.
With long-term tenants already in place, the property provides an income-producing residential duplex configuration that combines historic character with modern updates to key interior finishes and bathrooms.
Key Highlights
- Restored 1937 three‑story duplex in DeLand’s Historic Garden District
- Two separate units: one 3‑bedroom/1‑bath and one 2‑bedroom/1.5‑bath
- Updated bathrooms and improved flooring throughout
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 | $27.3k | $13.92 |
| − Vacancy | −$2.7k | −$1.39 |
| EGI | $24.6k | $12.53 |
| − OpEx | −$7.4k | −$3.76 |
| NOI | $17.2k | $8.77 |
1,960 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.6K
$214.9K – $286.6K
NOI $17,194 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$213.4K
$186.7K – $248.9K
NOI $14,935 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$577.9K
$505.7K – $674.2K
NOI $40,454 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Run 4 a Cause
Marketing & Advertising
5K Race Director
Marketing & Advertising
FAQs
What type of property is this?
Duplex - Restored three-story duplex with two separate units and updated interior and exterior finishes in DeLand’s Historic Garden District.
Where is this duplex located?
The property is located at 201 E VOORHIS AVENUE Deland, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Restored 1937 three‑story duplex in DeLand’s Historic Garden District; Two separate units: one 3‑bedroom/1‑bath and one 2‑bedroom/1.5‑bath; Updated bathrooms and improved flooring throughout
