8-Unit Apartment Property with New
830 N CLAKE Street, Deland, FL 32724
For Sale
$1,400,000
Commercial Sale, DELAND, FL
Property Size5,848 SF
Lot Size0.53 Acres
Price / SF$239.40
Days on Market196
Property Features for 830 N CLAKE Street
General Information
Property type
Property subtype
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Amenities
central AC
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
CARDINAL ROW REAL ESTATE
(386) 873-7033
Listed By:
Mitch Feinsod · License FL #3288255
(386) 473-6100
Added: May 1
Changed: Nov 10
Last Checked: Nov 12 at 6:06AM
MLS# V4948862
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 8-unit apartment property includes two buildings totaling 5,848 square feet on 0.53 acres. The unit mix consists of 2 efficiencies, two 2-bedroom/2-bath units, and four 2-bedroom/1-bath units. Both buildings have new roofs, while most apartments feature newer central air-conditioning systems. Tenants have individual electric meters, and the property is served by public water and public sewer. Block construction, ceramic tile and carpet flooring, and refrigerator appliances are also present.
Built in 1980, the property is located at 830 N CLAKE Street in DeLand, Florida, adjacent to Stetson University. Cooling systems include central air, window units, and wall/window units.
Built in 1980, the property is located at 830 N CLAKE Street in DeLand, Florida, adjacent to Stetson University. Cooling systems include central air, window units, and wall/window units.
Key Highlights
- 8‑unit apartment property across two buildings
- 5,848 square feet on 0.53 acres
- Unit mix includes 2 efficiencies, two 2‑bedroom/2‑bath units, and four 2‑bedroom/1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,562
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,240
$891.2K
Cap Rate 7%
$636,600
$636.6K
Cap Rate 9%
$495,133
$495.1K
Market Conditions
NOI Build-Up for 5,848 SF
Gross rent
$90.5K $15.48/SF
− Vacancy
−$9.5K −$1.63/SF
EGI
$81.0K $13.85/SF
− OpEx
−$36.5K −$6.23/SF
NOI
$44.6K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,240
Cap Rate 7%
$636,600
Cap Rate 9%
$495,133
Alternative Uses
Best Use
Apartment 5plus
$636.6K
$557.0K – $742.7K
NOI $44,562 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,703 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
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Business Placement
Demographics for 32724, FL
40,559
Population
18,555
Households
2.2
Avg Household Size
45
Median Age
31%
College-Educated
92%
High-School Grad
83.8 sq mi
ZIP Area
484
Density / Sq Mi
$72,729
Median Household Income
$41,204
Median Earnings
$1,184
Median Rent
$283,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Volusia County, FL
Properties on Market for Apartment buildings in Volusia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offer a varied unit mix, individual electric meters, and public water and sewer service.
Where is this apartment building located?
The property is located at 830 N CLAKE Street Deland, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 8‑unit apartment property across two buildings; 5,848 square feet on 0.53 acres; Unit mix includes 2 efficiencies, two 2‑bedroom/2‑bath units, and four 2‑bedroom/1‑bath units
