Chipley Multifamily Investment
For Sale
$1,425,000
872 Deer Wood Lane, Chipley, FL 32428
Well-maintained 16-unit apartment community with recent capital improvements.
Property Size10,658 SF
Lot Size1.27 Acres
Price / SF$133.70
Days on Market263
Property Features for 872 Deer Wood Lane
General Information
Standard status
Active
Size
10,658 SF
Lot size
1.27 Acres
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
LUXE COASTAL REALTY GROUP LLC
(848) 220-5555
Listed By:
MARCY L O'DONNELL · License #3417794
Source:
Corcoran
Added: Dec 5, 2025
Changed: Aug 23
Last Checked: Aug 24 at 1:00PM
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 LUXE COASTAL REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Deerwood Apartments, located at 872 Deerwood Lane in Chipley, Florida, presents a value-add opportunity. This 16-unit community is situated on just over one acre and features a mix of eight 1-bedroom, 1-bathroom units (550 SF) and eight 2-bedroom, 1-bathroom units (850 SF). The property has undergone substantial capital improvements, including a new septic system, a new driveway and parking lot, a full exterior repaint, an updated on-site laundry facility, and a 2019 roof. Eight units have been fully renovated, and the remaining units have been refreshed. The property is positioned near I-10, shopping, dining, and medical services and benefits from Chipley's continued revitalization and growth along Hwy 77. The property contains 10658 square feet.
Key Highlights
- Substantial capital improvements including new septic system, driveway/parking lot, exterior repaint, updated laundry, and 2019 roof.
- Balanced unit mix of sixteen 1BR/1BA and 2BR/1BA units.
- Eight fully renovated units and eight refreshed units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 32428, FL
17,946
Population
7,475
Households
2.4
Avg Household Size
42
Median Age
13%
College-Educated
83%
High-School Grad
285.9 sq mi
ZIP Area
63
Density / Sq Mi
$52,234
Median Household Income
$34,395
Median Earnings
$896
Median Rent
$157,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 16-unit apartment community with recent capital improvements.
Where is this apartment building located?
The property is located at 872 Deer Wood Lane Chipley, FL.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Substantial capital improvements including **new septic system, driveway/parking lot, exterior repaint, updated laundry, and 2019 roof.**; Balanced unit mix of sixteen 1BR/1BA and 2BR/1BA units.; Eight **fully renovated units** and eight refreshed units.
