$1,638,000

872 Deerwood Ln Chipley, FL 32428

Estimated payment $10,194/month

Total Views 540
-- Bed
-- Bath
10,658 Sq Ft
$154 Price per Sq Ft

About This Home

Deerwood Apartments offers a strong investment opportunity in the growing NW Florida market. Located at 872 Deerwood Lane in Chipley, this well-maintained 16-unit community sits on just over an acre and features eight 1BR/1BA units (550 sq ft) and eight 2BR/1BA units (850 sq ft). The property has received significant recent upgrades, including a new septic system, new driveway and parking lot, full exterior paint, an updated on-site laundry facility, and a 2019 roof. Inside, 8 units have been fully remodeled and 8 have been refreshed, offering a turnkey asset with durable improvements throughout. Residents enjoy convenient access to I-10, nearby shopping and dining, medical services, and Chipley's ongoing revitalization efforts. The area continues to experience steady growth along HWY 77 and increased commercial activity tied to regional employment hubs. Now offered with a strategic price adjustment, Deerwood Apartments presents exceptional value for investors seeking stability, strong rental demand, and long-term upside in a desirable Florida submarket.

Listing Agent

Marcy O'Donnell

Luxe Coastal Realty Group LLC License #3417794 Listed on: 12/05/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Additional Features

  • 2-Story Property
  • 1.27 Acre Lot

Community Details

  • No Home Owners Association

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1982
  • Property Sub Type: Multi Family
  • Lot Size Acres: 1.27
  • Subdivision Name: [No Recorded Subdiv]
  • Unit Levels: Two
  • Building Stories: 2
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Stories: 2

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 55321.2
  • Mobile Dim Units: Feet

Map

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 For Sale $1,638,000 0.0% $154 / Sq Ft
11/15/2024 11/15/24 For Rent $1,025 0.0% --
10/08/2024 10/08/24 Off Market $1,025 -- --
Source: Central Panhandle Association of REALTORS®

Source: Central Panhandle Association of REALTORS®

MLS Number: 782383

Central Panhandle Association of REALTORS®
Florida Washington County Chipley 32428

872 Deerwood Ln, Chipley, FL

For Sale

MultiFamily

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Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Nearby Homes
Marcy O'Donnell
Listing Agent
Marcy O'Donnell
Section Image
Luxe Coastal Realty Group LLC
(448) 202-5822