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872 Deer Wood Lane Chipley, FL $ 1,638,000
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872 Deer Wood Lane
$ 1,638,000
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872 Deer Wood Lane

Chipley, FL, 32428
$ 1,638,000
Bedrooms-- Baths16.0 Sq 10,037

Monthly Estimate*

$ 10,085

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Commercial Property for sale in Chipley, FL

for $1,638,000 with 16 full baths. This 10,037 square foot building was built in 1982 on a lot size of 1.27.

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.

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Commercial Active

Price

$ 1,638,000

Full Bath

16

Property Type

Commercial

Taxes

$ 9,782

Style

Lot Size

1.27

Year Built

1982

Town/City

Chipley

County/Region

Washington

MLS | Web ID

R11145666
Features
General
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Cable Available
Possession Close Of Escrow Negotiable
Roof Other
Security Features Fire Sprinkler System
Year Built 1982
Electric 3 Phase
Tenant Pays Cable TV Electricity
Stories Count 2
Levels Two
Property Subtype Multi Family
Tax Year 2025
County Washington
Property Type Commercial Sale
Status Active
Directions From the beach take Hwy 79 to FL 277/Roche Ave and turn right. Turn right on Brickyard Rd and then left on Deerwood Lane.
City Chipley
Number Of Units Total 16
MLS Area 5940 - Other Florida County
Tax Annual Amount 9782.67
Virtual Tour https://www.propertypanorama.com/872-Deer-Wood-Lane-Chipley-FL-32428/unbranded
Standard Status Active
Property Sub Type Additional Multi Family
Legal Description 8 4 13 2.2 OR 179 P 591 BEG. 660'E. 215.82'S.OF NWC OF SW1/4 OF SW1/4 OF NW1/4 RUN
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Interior
Flooring Other
Air Conditioning Y/N true
Heating Y/N true
Total Baths 16
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Exterior
Water Source Public
Lot Size Area 55321.2
Building Area Total 10037
Lot Size Acres 1.27
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* Excluded Features
List By
Marcy L O'Donnell

Listing Agent

Affordability Calculator

$10,901
Per Month
93%
7%
0%
Monthly Principal & Interest
$10,085
Monthly Property Taxes
$815
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/15/2026$1,638,000 Listed Price

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872 Deer Wood Lane, Chipley, FL, 32428 is a Commercial Property for sale at $1,638,000 with 10,037 sqft and a lot size of 1.27. 872 Deer Wood Lane has 16.0 baths and was built in 1982. The property's zip code is 32428 which is in Chipley, FL

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