Two-Unit Duplex with Covered
For Sale
$524,900
431 W Rich Avenue Unit 429, Deland, FL 32720
Both units feature front-porch access, a spacious backyard, and a covered carport.
Property Size2,848 SF
Price / SF$184.30
Days on Market290
Property Features for 431 W Rich Avenue Unit 429
General Information
Standard status
Active
Size
2,848 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
front porch
backyard
covered carport
laundry room
Building Details
Year Built
1983
Listing Agency:
BEE REALTY CORP
Listed By:
Bee Powell · License #3259106
(386) 956-9498
Source:
Realtygroupfl
Added: Dec 19, 2025
Changed: Oct 4
Last Checked: Oct 4 at 10:22AM
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 BEE REALTY CORP
Investment Insights
Based on property information with market context.
Built in 1983, this 2,848-square-foot duplex includes two distinct residences with townhouse-style layouts. The 429 side offers 3 bedrooms, 2.5 baths, 1,502 square feet, an open living and dining arrangement, a kitchen, powder room, and second-floor sleeping areas. The 431 side provides 2 bedrooms, 1.5 baths, 1,350 square feet, a ground-floor living and kitchen area, powder room, and two upstairs bedrooms connected by a Jack and Jill bath.
Both residences open to a front porch and share a spacious backyard, covered carport, and laundry room accessible from the carport. The roof was replaced in 2018. The 429 unit's A/C was replaced in 2014 and serviced annually; the 431 unit's air handler was replaced in 2002 and inside unit in 2009.
The property is near downtown DeLand, Stetson University, the Volusia County School Board, and SR 44 and SR 92.
Both residences open to a front porch and share a spacious backyard, covered carport, and laundry room accessible from the carport. The roof was replaced in 2018. The 429 unit's A/C was replaced in 2014 and serviced annually; the 431 unit's air handler was replaced in 2002 and inside unit in 2009.
The property is near downtown DeLand, Stetson University, the Volusia County School Board, and SR 44 and SR 92.
Key Highlights
- 2,848‑square‑foot duplex built in 1983
- 429 W Rich Ave: 3 bedrooms, 2.5 baths, 1,502 sf
- 431 W Rich Ave: 2 bedrooms, 1.5 baths, 1,350 sqf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,984
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,680
$499.7K
Cap Rate 7%
$356,914
$356.9K
Cap Rate 9%
$277,600
$277.6K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$39.6K $13.92/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$35.7K $12.53/SF
− OpEx
−$10.7K −$3.76/SF
NOI
$25.0K $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 Rate 5%
$499,680
Cap Rate 7%
$356,914
Cap Rate 9%
$277,600
Alternative Uses
Best Use
Multifamily LT 5
$356.9K
$312.3K – $416.4K
NOI $24,984 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$310.0K
$271.3K – $361.7K
NOI $21,702 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$839.8K
$734.8K – $979.7K
NOI $58,783 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,727
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
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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 - Both units feature front-porch access, a spacious backyard, and a covered carport.
Where is this duplex located?
The property is located at 431 W Rich Avenue Unit 429 Deland, FL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2,848‑square‑foot duplex built in 1983; 429 W Rich Ave: 3 bedrooms, 2.5 baths, 1,502 sf; 431 W Rich Ave: 2 bedrooms, 1.5 baths, 1,350 sqf
