Duplex with New
For Sale
$205,000
1927 NW 2ND Street, Ocala, FL 34475
Residential Income, OCALA, FL
Property Size1,164 SF
Lot Size0.09 Acres
Price / SF$176.12
Days on Market66
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
Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 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: Sep 29
Last Checked: Oct 2 at 5:06PM
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 two-unit residential property contains 1,164 square feet and was built in 1956. Recent improvements include new shingle roofing, updated flooring, and fresh interior paint. The kitchen appliances are included, while central heating and central air provide the primary climate systems. Block construction, a thermostat, and a private yard complete the property’s physical features.
The property is located in Ocala, Florida, on a 0.09-acre lot. It carries R2 zoning and is served by public water and private sewer. The offering is structured as a sale and may accommodate either investment ownership or occupancy of one unit with the other leased, as described in the property information.
The property is located in Ocala, Florida, on a 0.09-acre lot. It carries R2 zoning and is served by public water and private sewer. The offering is structured as a sale and may accommodate either investment ownership or occupancy of one unit with the other leased, as described in the property information.
Key Highlights
- Two‑unit property with 1,164 square feet
- New shingle roof, updated flooring, and fresh interior paint
- R2 zoning on a 0.09‑acre lot
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
8.25%
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 8.25%
Second Best
Multifamily LT 5
$240.3K
$210.3K – $280.4K
NOI $16,823 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$635.6K
$556.2K – $741.6K
NOI $44,494 @ 7.0% cap · market cap 21.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
316
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned duplex with refreshed interiors, included kitchen appliances, and a private outdoor yard.
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 $205,000.
What are key features of this property?
This property features: Two‑unit property with 1,164 square feet; New shingle roof, updated flooring, and fresh interior paint; R2 zoning on a 0.09‑acre lot
