Updated Duplex with Private
For Sale
$225,000
1927 NW 2ND Street, Ocala, FL 34475
MULTI_FAMILY - OCALA, FL
Property Size1,164 SF
Lot Size0.09 Acres
Price / SF$193.30
Days on Market16
Property Features for 1927 NW 2ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Interior features
Thermostat
Exterior features
Private Yard
Subdivision
WEST END OCALA
Directions
Continue on FL-40 E/W Silver Springs Blvd. Drive to NW 2nd St
Standard status
Active
APN
2260-127-010
Size
1,164 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 13 TWP 15 RGE 21 PLAT BOOK A PAGE 053 WEST END OCALA BLK 127 LOT 10
Tax Annual Amount
3087
Legal Description
SEC 13 TWP 15 RGE 21 PLAT BOOK A PAGE 053 WEST END OCALA BLK 127 LOT 10
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
WILSHIRE REALTY GROUP LLC
(407) 917-1525
Listed By:
Jean Raymond · License #3358747
(941) 567-8288
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 13 at 2:06AM
MLS# O6426856
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 updated duplex offers an easy income setup for either investors or owner-occupants. The property is a 2-bedroom, 1-bath duplex with updated flooring and fresh interior paint, plus a new roof. The kitchen includes appliances, supporting a move-in-ready feel. Interior amenities include a thermostat, and the home is serviced by central heat and central air. Constructed with block materials, it was built in 1956.
Outside, the duplex features a private yard described as an oversized yard with outdoor space. The property sits on a 0.09-acre lot and has a total property size of 1,164 square feet. Utilities and services include public water and private sewer.
Zoned R2, this duplex is positioned for practical use as a residential income property or as a residence with rental income potential.
Outside, the duplex features a private yard described as an oversized yard with outdoor space. The property sits on a 0.09-acre lot and has a total property size of 1,164 square feet. Utilities and services include public water and private sewer.
Zoned R2, this duplex is positioned for practical use as a residential income property or as a residence with rental income potential.
Key Highlights
- Updated flooring and fresh interior paint
- New roof
- 2‑bedroom, 1‑bath duplex
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
$16,916
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
7.52%
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%
$338,320
$338.3K
Cap Rate 7%
$241,657
$241.7K
Cap Rate 9%
$187,956
$188.0K
Market Conditions
NOI Build-Up for 1,164 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
$32.8K $28.20/SF
− Vacancy
−$2.1K −$1.78/SF
EGI
$30.8K $26.42/SF
− OpEx
−$13.8K −$11.89/SF
NOI
$16.9K $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%
$338,320
Cap Rate 7%
$241,657
Cap Rate 9%
$187,956
Alternative Uses
Best Use
Apartment 5plus
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 7.52%
Second Best
Multifamily LT 5
$240.3K
$210.3K – $280.4K
NOI $16,823 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$635.6K
$556.2K – $741.6K
NOI $44,494 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
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 - Updated 2-bedroom, 1-bath duplex with included appliances, central HVAC, and a private yard on a small lot in R2 zoning.
Where is this duplex located?
The property is located at 1927 NW 2ND Street Ocala, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Updated flooring and fresh interior paint; New roof; 2‑bedroom, 1‑bath duplex
