$1,525,000
$113K PRICE DROP

872 Deerwood Ln Chipley, FL 32428

Estimated payment $9,794/month

Total Views 3,072
-- Bed
-- Bath
10,658 Sq Ft
$143 Price per Sq Ft

About This Home

INVESTORS -- $50K PRICE REDUCTION. Deerwood Apartments is a fully occupied 16-unit multifamily asset offering immediate cash flow and clear upside. Unit mix includes (8) 1BR/1BA and (8) 2BR/1BA units. Recent ~$350K in improvements: new septic, parking lot, exterior paint, updated laundry facility (additional income), plus 8 fully renovated units and 8 refreshed units. Roof replaced 2019. Strong in-place income with below-market rents provides a path to increased NOI. Located near I-10 and the growing Hwy 77 corridor with consistent rental demand. Turnkey asset with minimal CapEx and built-in upside at a newly improved price.

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

1.27 Acres

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

Exterior Features

  • Waterfront: No

Condo/Co-op/Association

  • Association: No

Lot Info

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

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/01/2026 05/01/26 Price Changed $1,525,000 -3.2% $143 / Sq Ft
01/30/2026 01/30/26 Price Changed $1,575,000 -3.8% $148 / 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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
Your Personal Tour Guide

Ask me questions while you tour the home.