Duplex with Separate
For Sale
$389,000
13912 SW 61ST Circle, Ocala, FL 34473
Residential Income, OCALA, FL
Property Size2,130 SF
Lot Size0.27 Acres
Price / SF$182.63
Days on Market57
Property Features for 13912 SW 61ST Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RPUD
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4
Window features
Window Treatments, Blinds
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Thermostat, Walk-In Closet(s), Window Treatments
Exterior features
Fence
Fencing
Fenced
Appliances
Range, Range Hood, Refrigerator
Subdivision
MARION OAKS UN NINE
Directions
Take 484 Towards Marion Oaks Turn left at Marion oaks Pass Then Let Marion Oak Cir (2nd left turn Property is on the Right
Standard status
Active
APN
8009-1274-17
Size
2,130 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 08 TWP 17 RGE 21 PLAT BOOK O PAGE 164 MARION OAKS UNIT 9 BLK 1274 LOT 17
Tax Annual Amount
5460
Legal Description
SEC 08 TWP 17 RGE 21 PLAT BOOK O PAGE 164 MARION OAKS UNIT 9 BLK 1274 LOT 17
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
SELLSTATE NEXT GENERATION REALTY
(352) 387-2383
Listed By:
Adriana Salmon · License #3012760
(352) 410-2437
Added: Jun 30
Changed: Aug 25
Last Checked: Aug 25 at 9:06PM
MLS# OM726978
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains 2,130 square feet across two separate residences. Each side includes two bedrooms, two full bathrooms, an open living arrangement, a kitchen, a primary bedroom with walk-in storage, and a large patio. Both units also have a one-car garage, with ceramic tile and laminate flooring throughout the property. Separate central air systems serve the residences, and the HVAC equipment was updated in 2023.
The property occupies 0.27 acres in Marion Oaks, within the Ocala area. It is currently fully rented and has RPUD zoning. Additional features include fenced outdoor space, block, concrete, and stucco construction, shingle roofing, a private well, septic service, and cable availability.
The property occupies 0.27 acres in Marion Oaks, within the Ocala area. It is currently fully rented and has RPUD zoning. Additional features include fenced outdoor space, block, concrete, and stucco construction, shingle roofing, a private well, septic service, and cable availability.
Key Highlights
- Two‑unit property with 2,130 square feet of total building area
- Each residence offers 2 bedrooms, 2 full bathrooms, and a 1‑car garage
- Separate HVAC systems were updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,955
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$619,100
$619.1K
Cap Rate 7%
$442,214
$442.2K
Cap Rate 9%
$343,944
$343.9K
Market Conditions
NOI Build-Up for 2,130 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.1K $28.20/SF
− Vacancy
−$3.8K −$1.78/SF
EGI
$56.3K $26.42/SF
− OpEx
−$25.3K −$11.89/SF
NOI
$31.0K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$619,100
Cap Rate 7%
$442,214
Cap Rate 9%
$343,944
Alternative Uses
Best Use
Apartment 5plus
$442.2K
$386.9K – $515.9K
NOI $30,955 @ 7.0% cap · market cap 7.96%
Second Best
Multifamily LT 5
$439.8K
$384.8K – $513.1K
NOI $30,784 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,420 @ 7.0% cap · market cap 20.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 34473, FL
21,548
Population
9,313
Households
2.3
Avg Household Size
43
Median Age
16%
College-Educated
89%
High-School Grad
35.8 sq mi
ZIP Area
602
Density / Sq Mi
$70,559
Median Household Income
$36,474
Median Earnings
$1,406
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two self-contained residences, patios, garages, and updated central air systems.
Where is this duplex located?
The property is located at 13912 SW 61ST Circle Ocala, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit property with 2,130 square feet of total building area; Each residence offers 2 bedrooms, 2 full bathrooms, and a 1‑car garage; Separate HVAC systems were updated in 2023
