Updated Duplex with Open
New
For Sale
$399,999
1658 SW 108TH Lane, Ocala, FL 34476
Residential Income, OCALA, FL
Property Size2,160 SF
Lot Size0.44 Acres
Price / SF$185.18
Days on Market7
Property Features for 1658 SW 108TH Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Family Room, Bedroom 3
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo
Exterior features
Private Entrance, Sidewalk
Subdivision
QUAIL RUN
Elementary school
Belleview-Santos Elem. School
Middle school
Horizon Academy/Mar Oaks
High school
West Port High School
Directions
Heading east from the Pilot Convenience Store located off Exit 341 on SW Hwy 484, take a left on SW 16th Ave for 2.9 miles to continue onto SW 107th Place, then turn left into Quail Run community onto SW 107th Lane/SW 108th Lane. Destination is on the left 0.2 miles into the community.
Standard status
Active
APN
3577-002-012
Size
2,160 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 25 TWP 16 RGE 21 PLAT BOOK U PAGE 014 QUAIL RUN BLK B LOT 12
Tax Annual Amount
5084
Legal Description
SEC 25 TWP 16 RGE 21 PLAT BOOK U PAGE 014 QUAIL RUN BLK B LOT 12
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
backyard
Building Details
Year built
2004
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
TROPIC SHORES REALTY LLC
(352) 684-7371
Listed By:
Jarrod Cruz
(813) 965-2879
Added: Sep 4
Changed: Sep 10
Last Checked: Sep 10 at 5:06AM
MLS# W7889250
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.
This R3-zoned duplex contains 2,160 square feet and was built in 2004. The property includes a three-bedroom, two-bath layout, central heating and cooling, ceiling fans, and a combined kitchen and family room. Block and stucco construction, a shingle roof, porch, sidewalk, and private entrance add to the physical improvements. Unit 1 has an air-conditioning system installed in August 2026, and the roof was installed approximately three years ago.
The 0.44-acre parcel provides an open backyard, while public water and public sewer serve the property. Phone service is available. The home is located in Ocala, Florida, within Marion County, and has a three-year rental history supporting its residential income use.
The 0.44-acre parcel provides an open backyard, while public water and public sewer serve the property. Phone service is available. The home is located in Ocala, Florida, within Marion County, and has a three-year rental history supporting its residential income use.
Key Highlights
- 2,160‑square‑foot duplex on a 0.44‑acre parcel
- Three‑bedroom, two‑bath configuration with three‑year rental history
- R3 zoning with public water and public sewer
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
$31,391
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
7.85%
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%
$627,820
$627.8K
Cap Rate 7%
$448,443
$448.4K
Cap Rate 9%
$348,789
$348.8K
Market Conditions
NOI Build-Up for 2,160 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
$60.9K $28.20/SF
− Vacancy
−$3.8K −$1.78/SF
EGI
$57.1K $26.42/SF
− OpEx
−$25.7K −$11.89/SF
NOI
$31.4K $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%
$627,820
Cap Rate 7%
$448,443
Cap Rate 9%
$348,789
Alternative Uses
Best Use
Apartment 5plus
$448.4K
$392.4K – $523.2K
NOI $31,391 @ 7.0% cap · market cap 7.85%
Second Best
Multifamily LT 5
$446.0K
$390.2K – $520.3K
NOI $31,218 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,567 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 34476, FL
26,522
Population
12,754
Households
2.1
Avg Household Size
58
Median Age
28%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
767
Density / Sq Mi
$65,429
Median Household Income
$41,820
Median Earnings
$1,303
Median Rent
$260,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R3-zoned duplex with central HVAC, public utilities, and a private entrance serving residential tenants.
Where is this duplex located?
The property is located at 1658 SW 108TH Lane Ocala, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 2,160‑square‑foot duplex on a 0.44‑acre parcel; Three‑bedroom, two‑bath configuration with three‑year rental history; R3 zoning with public water and public sewer
