32720 Zip Code FL Multi-Family Real Estate, Homes for Sale

4 Beds ⋅ 2 Baths ⋅ Edgewood Heights SubDv. ⋅ 32720 Zip Code

Investment Opportunity – Occupied Duplex in DeLand, FL Looking for a turn-key income property? This occupied duplex in DeLand offers immediate cash flow with major systems already updated for peace of mind. The roof was replaced in 2022, and a brand-new septic system was installed in 2026. Two of the biggest-ticket items already handled, saving the next owner significant time and expense. Each unit offers comfortable, functional living space, making this an ideal addition to any rental portfolio or a smart house-hack opportunity for an owner-occupant looking to offset their mortgage. Currently occupied with paying tenants, this property is generating income from day one. Conveniently located in DeLand — known for its charming historic downtown and easy access to both Orlando and Daytona Beach. Don't miss this low-maintenance, cash-flowing duplex with recent capital improvements already in place. Schedule your showing today!

1619 S High Street, Deland

$524,900

5 Beds ⋅ 4 Baths ⋅ Richs Add SubDv. ⋅ 32720 Zip Code

429 & 431 W Rich Avenue, **SELLER FINANCING OFFERED** DELAND: UNIQUE INVESTMENT OPPORTUNITY | HISTORIC DISTRICT OF DOWNTOWN DELAND | STETSON UNIVERSITY - One of three extremely well kept duplexes featuring 2 different sized units: ***429 W Rich Ave is 3 bedroom, 2.5 baths, 1,502 sf with open living and dining area, cute kitchen, powder room and lots of closet space on the bottom floor and bedrooms/baths on the second floor. The A/C was replaced in 2014 and has been serviced every year. ***431 W Rich Ave is 2 bedroom, 1.5 baths, 1,350 sqf, open living room, kitchen, living and powder room on the ground floor and 2 bedrooms upstairs sharing a Jack and Jill bathroom. The air handler was replaced in 2002 and the inside unit in 2009. ***Roof was replaced in 2018. Both units have sliding doors to a front porch, perfect for your morning coffee, a spacious backyard and covered carport. The laundry room is accessed from the carport. This property is close to downtown, Stetson University, Volusia County School Board and has easy access to SR 44 (the Beaches) and SR 92. This is a unique opportunity to live and/or invest close to the heart of DeLand and its award winning Mainstreet. "All content displayed within this site is thought to be accurate, but not guaranteed. Website users, buyers and agents are advised to verify all information."

431 W Rich Avenue Unit 429, Deland

$460,000

4 Beds ⋅ 4 Baths ⋅ Clakes Blk 14 Howrys Add Deland SubDv. ⋅ 32720 Zip Code

Stop settling for bank rates and start building equity! Located steps from Stetson University in the Downtown DeLand Historic District, this rare 3-unit gem sits on 2 lots with 3 tenants already in place—Prime Investment Opportunity: $465,000 with 9.35% ROI. Own a stabilized, income-producing asset in the heart of DeLand. This multi-unit property boasts an impeccable rental history. Situated on two parcels directly adjacent to Stetson University, the portfolio includes a charming 2/2 main house + two 1/1 apartments in the rear. Perfect rental history + unbeatable location = the ultimate addition to your portfolio. Sold 'as-is,' this is a rare chance to acquire a high-return property in a sought-after Historic District with built-in demand, or live in the home & have a built-in income stream. Do not disturb tenants; the agent/owner is the landlord. 24-hour notice to show.

318 S Clake Street, Deland

$375,000

7 Beds ⋅ 4 Baths ⋅ Smocks W 482 Ft Blk 09 Deland SubDv. ⋅ 32720 Zip Code

INCOME-PRODUCING QUADRUPLEX NEAR STETSON & DOWNTOWN DELAND! An investor’s opportunity awaits with this income-producing quadruplex in a prime DeLand location. Offering reliable rental income, key system updates, and strong long-term demand, this property is ideal for house-hackers, portfolio investors, or anyone entering the investment market.Major improvements have already been handled, including a new roof (2018) and newer A/C systems (2015) — allowing you to focus on income, not repairs. Three of the four units are currently rented, providing immediate cash flow with additional upside potential. Demand in this area stays consistently strong thanks to its unbeatable proximity to: Stetson University, Downtown DeLand's restaurants, boutiques, breweries, and nightlife, convenient access to major roads and commuting routes. High rental demand, dependable location, and low-maintenance updates combine to create the kind of investment that works for you from day one. This income-generating gem is ready for its next owner.

225 N Sans Souci Avenue, Deland

$700,000

14 Beds ⋅ 7 Baths ⋅ Sunny Heights SubDv. ⋅ 32720 Zip Code

Investment Opportunity - 7 Single-Family Homes + Vacant Lot Turnkey investment package! Side-by-side single-family homes, each featuring 2 bedrooms and 1 bathroom, situated on a prime block. This rare offering also includes an adjacent vacant lot, providing additional development potential or added privacy. Property Highlights: All homes have been updated with numerous upgrades. Durable block construction with all homes have BRAND NEW ROOFS. Tile and vinyl flooring, newer water heaters installed. All homes connected to city sewer. Almost all homes feature new HVAC systems. Separate water and power meters for each home — tenants cover their utilities. Spacious backyards for each unit. Convenient off-street parking for all homes. This well-maintained, income-generating portfolio offers immediate cash flow with stable tenants in place. Don't miss this rare chance to own a high-performing rental package with strong upside potential. Don't forget the vacant lot also included!!!!

1006 S Clara Avenue, Deland

$365,000

4 Beds ⋅ 2 Baths ⋅ Robersons Sub In Blk 87 De Lan SubDv. ⋅ 32720 Zip Code

Prime DeLand Duplex: Fully Remodeled, Turnkey Investment Opportunity with Dual Income Potential! Unlock immediate income potential in the heart of historic DeLand! Located just minutes from the vibrant downtown district, Stetson University, and AdventHealth DeLand, this exceptional duplex at 641 N Orange Ave, DeLand, FL 32724, presents a rare, fully renovated turnkey investment. Perfectly configured for both savvy investors and owner-occupants, this property offers two immaculate 2-bedroom, 1-bathroom units, each spanning 992 sq. ft. Live in one unit while the other generates substantial rental income to offset housing costs. Key Highlights: Turnkey & Move-In Ready: Enjoy peace of mind with a brand-new roof, new windows throughout, and fresh interior/exterior paint.Modern Interiors: Both units feature stylish brand-new granite countertops, stainless steel appliance packages, and independent central air conditioning systems for comfort. Charming Outdoor Living: Each unit benefits from private front and back porches, perfect for relaxing and enhancing curb appeal. Added Value: A large outbuilding in the backyard provides valuable storage space or potential for future use. Strategic Location: Highly rentable location with strong demand from students, healthcare professionals, and families drawn to DeLand's unique lifestyle. This is more than just a property; it's a financial opportunity waiting for the right owner. Don't miss this chance to acquire a low-maintenance, high-yield asset in one of Central Florida's most desirable markets. Schedule your private showing today and start building equity immediately!

641 N Orange Avenue, Deland

$745,000

22 Beds ⋅ 21 Baths ⋅ Bond Lumber Co Blk 07-08 & 15-16 Howrys Add Deland SubDv. ⋅ 32720 Zip Code

Outstanding income-producing multifamily property with short-term rental potential in the heart of DeLand! This fully leased 6-unit complex includes five 1-bedroom apartments and one 2-bedroom, 2-bathroom single-family home, generating a strong $7,940 per month ($95,280 annually) in rental income. The property has been extensively updated with a new roof (2023), new water lines (2023), and numerous interior improvements including updated plumbing, HVAC systems, flooring, and paint over the past two years. Situated on a large 22,462 sqft lot with 3,746 sqft of living area, the property is zoned for up to 10 units, offering space to add 4 additional units for increased income and long-term growth. Short-term rentals are permitted, providing flexible income strategies. Conveniently located near Downtown DeLand, Stetson University, shopping, dining, and major highways.

410 W Howry Avenue, Deland

$400,000

Holiday Hills West SubDv. ⋅ 32720 Zip Code

Four bedroom four bathroom duplex for sale-tenant occupied. BRAND NEW roof, septic tanks, windows and AC units! Whole duplex for sale with incredible return on investment. Fabulous tenants already in place. No HOA. Spacious floor plan, fully fenced, great location in Deland down a private quiet street with tons of new construction.

1572/1574 S Montgomery Street, Deland

$295,000

3 Beds ⋅ 3 Baths ⋅ Volusia Co Abst Title & Inv Co Resub Blk 18 Howrys SubDv. ⋅ 32720 Zip Code

MEETS THE 1% RULE! This turnkey triplex offers three spacious 1BD/1BA units. Exterior repaint 2025. Interior updated within the last 5 years with new paint, tile flooring, tile shower/tub combos, and refreshed kitchens. Each unit has laundry hookups; Unit 1 has new stainless steel appliances. Seller will replace roof with full-price offer. Unit 1 $1,025/mo (lease end 2/27, $1,200 dep); Unit 2 (vacant, listed 11/24 at $1000); Unit 3 (vacant, listed 12/01 at $1000) ). Electric in tenants’ names; water in owner’s name, tenants billed $75/mo each. Close to Downtown DeLand and Stetson University, this property offers strong rental income, low expenses, and proven returns. See MLS attachments for inspection reports with interior photos, and lease agreements. No seller financing.

430 S Parsons Avenue, Deland

$520,000

6 Beds ⋅ 4 Baths ⋅ Holiday Hills SubDv. ⋅ 32720 Zip Code

New Construction-completed! WHOLE DUPLEX for sale!! Six bedrooms, four bathrooms, and a total of 2,324 square feet of living space. Unit A is already rented, and unit B is vacant-waiting for you. This is perfect for an individual who wants to live in one unit and rent the other to collect income, or for an investor looking to maximize rental income on both units. On Public water and private septic sewer and no HOA. Both units have their own separate utility meters and large backyards. Washer and dryer inside. This duplex was built with the utmost care and quality by a seasoned developer and its location was thoughtfully sought out with being only five minutes from the highway, three minutes from Publix, Starbucks, Chickfil-a, shopping and fantastic schools! This opportunity wont last long, call today for a tour.

1581 S Montgomery Street, Deland

$140,000

Armstrong/Stone-Adelle SubDv. ⋅ 32720 Zip Code

INVESTOR SPECIAL!! FULLY RENTED .55 acre Income producing Triplex with continuous monthly cash flow. Ready for the right investor looking to do a full rehab and cash in on the full market rent value this property can generate.

502 S Adelle Avenue, Deland

$369,000

4 Beds ⋅ 3 Baths ⋅ Osteens Blk 120 S Rr Deland SubDv. ⋅ 32720 Zip Code

One or more photo(s) has been virtually staged. PRIME LOCATION & TWO DWELLINGS! Prime investment opportunity at 429 W Wisconsin Ave., DeLand, FL, 32720. This versatile property offers TWO INCOME-PRODUCING DWELLINGS on one lot, making it a standout asset for investors. With its prime location NEAR STETSON UNIVERSITY AND HISTORIC DOWNTOWN DELAND, this property is ideal for maximizing rental income from short- and long-term tenants. The main house features three bedrooms and two baths, with 1,328 heated square feet. Recent upgrades including fresh paint, luxury vinyl plank flooring, granite countertops and new stainless steel appliances make it move-in ready for tenants. Essential updates like the 2012 roof, newer HVAC systems in 2018 front, in 2021 back, and new water heaters in 2023 front, in 2021 back minimize maintenance costs and ensure long-term stability. The detached one-bedroom, one-bath apartment over the garage adds an additional 480 square feet of rentable space, complete with its washer and dryer, offering extra income potential. With *SEPARATE ELECTRICITY METERS* for each unit, the financial appeal is clear. The property also features a 480-square-foot garage and storage area, an active termite bond, and no carpeting for easier tenant turnover and maintenance. This property’s location, low-maintenance design and rental potential make it a smart addition to any investor's portfolio. The current owner was receiving $2,000 for the 3/2 and $1,100 for the 1/1 from their most recent tenants. Don’t miss this chance to capitalize on a highly desirable investment in DeLand.

429 W Wisconsin Avenue, Deland

$1,900,000

26 Beds ⋅ 23 Baths ⋅ Deland SubDv. ⋅ 32720 Zip Code

Mobile Home Park in Deland FL. 27 LOTS total. 13 Existing Park owned mobile Homes & 14 Vacant Lots. Annual Rental Income of $217,920. Fully developed mobile home park on over 4 acres of land. 3.5 Acre Adjoining parcel may also be purchased as a separate transaction. FINANCING OPTIONS AVAILABLE 25% down / 7-9% rate / 5 year term / 25 year amortization Current MONTHLY RENTAL INCOME of $18,160 with value add opportunity up to 14 additional rental units. Current monthly rental income of $18,160. Annual Rental Income $217,920. $13,774 2023 Real Estate Taxes. $4,968 Insurance Annual expense. $2,160 Garbage & Dumpster Annual expense. $6,000 Lawn Care Annual expense. Tenants pay their own utilities (electric, water, and propane). Public Water & Public Sewer.

2395 N Woodland Boulevard, Deland

$1,900,000

32720 Zip Code

Mobile Home Park in Deland FL. 27 LOTS total. 13 Existing Park owned mobile Homes & 14 Vacant Lots. Annual Rental Income of $217,920. Fully developed mobile home park on over 4 acres of land. 3.5 Acre Adjoining parcel may also be purchased as a separate transaction. FINANCING OPTIONS AVAILABLE 25% down / 7-9% rate / 5 year term / 25 year amortization Current MONTHLY RENTAL INCOME of $18,160 with value add opportunity up to 14 additional rental units. Current monthly rental income of $18,160. Annual Rental Income $217,920. $13,774 2023 Real Estate Taxes. $4,968 Insurance Annual expense. $2,160 Garbage & Dumpster Annual expense. $6,000 Lawn Care Annual expense. Tenants pay their own utilities (electric, water, and propane). Public water and public sewer.

2395 N Woodland Boulevard, Deland

$450,000

Howrys Add Deland SubDv. ⋅ 32720 Zip Code

Beautiful, renovated triplex in Deland offers a prime investment opportunity with its desirable location. It is only walking distance to the main attractions, restaurants, specialty stores and entertainment. Only two blocks from Police department and fire department. All the units tastefully remodeled and all units are currently leased generating $50400.00 rent a year. Large property gives plenty room for parking for the duplex in the back and single house in the front has a garage. Perfect location for Airbnb if you want to generate more income. Two units has new AC, one unit has new window units. Roof is in great shape. Termite Bond. Perfect investment opportunity.

415 W Howry Avenue, Deland

$785,000

Rogers Deland SubDv. ⋅ 32720 Zip Code

Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of Deland, a mere stone's throw away from Stetson University and the award-winning Downtown Deland, this property stands as a prime investment in the flourishing rental market of Central Florida. This turnkey property is comprised of six units, with five units located within the main house, each benefiting from individual electrical meters, and an additional separate building to the rear. The anticipated current rental income is projected to exceed $81,000 annually, underlining the lucrative nature of this investment. Significant improvements have been made to enhance the property's value and appeal, including a comprehensive electrical overhaul completed within the past year and a roof replacement in 2017, among various other updates. Its enviable location in the vibrant Downtown area ensures that residents enjoy convenient access to a wide array of dining, shopping, and entertainment options, further enhancing its attractiveness to potential renters. This investment opportunity represents an excellent acquisition for those looking to diversify and strengthen their investment portfolio through the addition of a high-yield asset in a desirable and dynamic location.

140 W Michigan Avenue, Deland

$313,000

Smocks W 482 Ft Blk 09 Deland SubDv. ⋅ 32720 Zip Code

Prime investment opportunity located two blocks from downtown DeLand! Separately metered triplex walking distance to downtown DeLand and Stetson University. 3/1 front home features a split bath perfect for short or long term tenants. Beautiful heart pine flooring and historic features. Separate building in back with 2/1 and efficiency. Separate, private parking for front and back building and separate laundry. Tenants pay electricity and gas. New tankless hot water heater for 2/1 and efficiency unit. Location can't be beat! Don't miss your chance to invest in one of DeLand's best locations! Income potential for someone who wants to live in the front home and rent out the back building, or great as a short or long term rental for the whole property.

241 N Clara Avenue, Deland

$365,000

Richs Add Deland SubDv. ⋅ 32720 Zip Code

Just Reduced!!! Adorable downtown home / tri-plex with detached cottage style apartment, and cozy studio apartment near historic downtown DeLand. This charming complex offers a center courtyard and covered carport and porches for two of the units. Also walking distance to restaurants, bars, and parks. DeLand is also home of Stetson University, and sits in the middle of two State Parks, Blue Springs, and DeLeon Springs. Also 25 miles from Daytona Beach, Tanger Outlet Mall, and The Renowned International Speedway for you race Fans. Orlando, Disney, Sea World just 1 hour away. You must come see to appreciate our beautiful historic, artistic and educational community. Come see this rare opportunity to own an income producing tri-plex in the heart of downtown DeLand.

220 N Adelle Avenue, Deland

$343,500

4 Beds ⋅ 2 Baths ⋅ Richs Add Deland SubDv. ⋅ 32720 Zip Code

Welcome to 221 N Adelle Ave, DeLand, FL! This duplex presents an excellent investment opportunity in the heart of DeLand. Each unit offers comfortable living spaces with a total of 2 bedrooms and 1 bathrooms, providing ample space for tenants. The property features a sturdy construction with concrete block stucco exterior and an asphalt shingle roof, ensuring durability and low maintenance for years to come. Recent upgrades include a new shingle roof installed in July 2023, providing added value and peace of mind. Both units are currently occupied by reliable tenants, generating a total monthly rental income of $2,825. The rental potential of this property makes it an attractive option for investors seeking consistent cash flow. Don't miss out on this lucrative investment opportunity in DeLand! Schedule a showing today to explore the potential of this remarkable property.

221 N Adelle Avenue, Deland

$450,000

Lockards Lt 09 Blk 09 Deland SubDv. ⋅ 32720 Zip Code

NEW METAL ROOF! Two second floor apartments just had renovations completed with new paint, light fixtures, shower enclosure and more. Fresh and ready for new tenants. Great location close to shopping, entertainment and restaurants in the beautiful downtown area. Also close to Stetson University! Two 1 bedroom, 1 bathroom apartments downstairs have large front porch access. Apartment #2 has rear entrance as well as entrance from porch. Upstairs Both of these have a front and rear door, with the rear doors leading to a balcony and stairs accessing back of apartment building. Also, upstairs apts have access to front balcony via French doors. There is private parking in the back of the property as well as 2 parking spaces in the front. Central heat and air units in all apartments (#3 uses window units for air conditioning). Vinyl flooring in all apartments with tile in the bathrooms. All apartments are on their own electric meters with one water meter for the entire building paid by owner. Average water bill is $215/mth.

202 Luella Court, Deland

$450,000

6 Beds ⋅ 4 Baths ⋅ Holiday Hills West SubDv. ⋅ 32720 Zip Code

Investors dream! Tenant occupied 2005 block build Duplex! Each side containing 3 bedrooms, and 2 full bathrooms and 1 car garage! This duplex has been kept in great condition with tile throughout the living areas, kitchens and bathrooms. Roof and septic system was recently replaced in the past 3 years along with newer AC units! Each side is currently tenant occupied at $1,500/month each. Do not miss on this rare investment opportunity!

1420 Monroe Street, Deland

$470,000

D J Millers SubDv. ⋅ 32720 Zip Code

Great investment opportunity! This is a single-family residence plus a duplex in the back with 2 bedrooms and 1 bathroom each. You could buy it and live in one apartment and rent out everything else to make some income. Furthermore, if you are an investor, you could make more than 48000 per year renting it all. * All measurements are believed to be accurate but not guaranteed.

135 S Stone Street, Deland

$380,000

4 Beds ⋅ 4 Baths ⋅ Holiday Hills West SubDv. ⋅ 32720 Zip Code

Full duplex. Each unit has 2 large bedrooms, 2 full baths, 1 car garage, a full kitchen, a huge great room with fireplace, and private laundry hookups. Large private backyard. No HOA. Recently renovated throughout including interior painting, new flooring and baseboards, updated kitchens, HVAC is only 5 years old, New roof to be installed November 2023. Public water and Septic (each unit has its own septic). Each tenant pays $1,275 per month and their own power and water. Leases through 2/28/24. Lawn care by tenants. Current Real Estate taxes are $4,222. The current insurance policy is $2,400 annually for the whole building.

1463 S Montgomery Street, Deland

$320,000

Richs Add Deland SubDv. ⋅ 32720 Zip Code

****BUYERS FINANCING FELL THROUGH DUE TO JOB LOSS, PRICED WELL BELOW APPRAISAL***Fantastic Duplex! What a Deal, great income property! Bottom unit is a 2 bedroom 1 bath with beautiful hardwood floors, walk in closet in the primary bedroom. Awesome enclosed front porch! Upstairs is a 4 Bedroom 1 Bath that has its own entrance, huge fenced yard, close to the historic downtown area of Deland! Rent one floor and live on the other. So much potential for a very reasonable price! Both units are on a year lease till Jan 2024 then go month to month!

116 N Orange Avenue, Deland

32720 Zip Code Multi-Family Real Estate & Homes

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