Duplex Property with
For Sale
$329,900
5135-5129 UPSON Avenue, De Leon Springs, FL 32130
Residential, DE LEON SPRINGS, FL
Property Size1,896 SF
Lot Size0.50 Acres
Price / SF$173
Days on Market101
Property Features for 5135-5129 UPSON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
01R4
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Appliances
Refrigerator
Subdivision
BEARDSLEYS DELEON SPGS
Directions
NW on 15A,Turn left on N. Woodland/17N, Right on E. Berlin, 3rd left onto Upson
Standard status
Active
APN
69-43-01-09-00-0010
Size
1,896 SF
Lot size
0.50 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
43-16-29 LOTS 1 3 5 & N 8 FT OF LOT 7 BLK 9 MAP OF DELEON SPRINGS PB 1 PG 37 MB 12 PG 46 PER OR 7135 PG 164 PER OR 7777 PG 4633
Tax Annual Amount
3036
Legal Description
43-16-29 LOTS 1 3 5 & N 8 FT OF LOT 7 BLK 9 MAP OF DELEON SPRINGS PB 1 PG 37 MB 12 PG 46 PER OR 7135 PG 164 PER OR 7777 PG 4633
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating)
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Well
Building Details
Year built
1957
Floors in Building
1
Flooring type
Terrazzo
Building materials
Block
Roof type
Shingle
Buildings
1
Listing Agency:
STOCKWORTH REALTY GROUP
(407) 909-5900
Listed By:
Oliver Alfaro · License #3650659
(805) 206-9638
Added: Jul 22
Changed: Oct 30
Last Checked: Oct 30 at 3:06PM
MLS# O6428518
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.
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Investment Insights
Based on property information with market context.
This block duplex contains 1,896 square feet across two residences on a 0.5-acre parcel. One unit has two bedrooms and one bathroom; the other offers three bedrooms, one bathroom, and a 13' x 15' bonus room. Each residence has a covered carport. Recent work includes HVAC, flooring, interior paint, kitchen cabinetry, ceiling fans, and a stove. The building dates to 1957 and has terrazzo flooring, a shingle roof, well water, and a septic system.
The property is in De Leon Springs, approximately 7 miles north of DeLand, and near the St. Johns River. Both units are occupied under month-to-month rental arrangements.
The property is in De Leon Springs, approximately 7 miles north of DeLand, and near the St. Johns River. Both units are occupied under month-to-month rental arrangements.
Key Highlights
- Two‑unit duplex with 1,896 square feet on 0.5 acres
- One residence has 2 bedrooms and 1 bathroom; the second has 3 bedrooms, 1 bathroom, and a 13' x 15' bonus room
- Covered carports serve both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,633
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,660
$332.7K
Cap Rate 7%
$237,614
$237.6K
Cap Rate 9%
$184,811
$184.8K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$26.4K $13.92/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$23.8K $12.53/SF
− OpEx
−$7.1K −$3.76/SF
NOI
$16.6K $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 Rate 5%
$332,660
Cap Rate 7%
$237,614
Cap Rate 9%
$184,811
Alternative Uses
Best Use
Multifamily LT 5
$237.6K
$207.9K – $277.2K
NOI $16,633 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,448 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$559.0K
$489.2K – $652.2K
NOI $39,133 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 32130, FL
5,485
Population
2,082
Households
2.6
Avg Household Size
45
Median Age
23%
College-Educated
89%
High-School Grad
94.6 sq mi
ZIP Area
58
Density / Sq Mi
$59,288
Median Household Income
$35,647
Median Earnings
$1,181
Median Rent
$269,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide a mix of two- and three-bedroom layouts, with both units currently leased month to month.
Where is this duplex located?
The property is located at 5135-5129 UPSON Avenue De Leon Springs, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,896 square feet on 0.5 acres; One residence has 2 bedrooms and 1 bathroom; the second has 3 bedrooms, 1 bathroom, and a 13' x 15' bonus room; Covered carports serve both residences
