Income-Producing Ocala Quadruplex For
34 NW 21ST PLACE, Ocala, FL 34475
Quadruplex - OCALA, FL
Type:Quadruplex
Property size:
2,695 SFLot size:
0.23 AcresPrice / SF:
$176/SF- Added:
- Apr 15, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 2 at 12:06 pm
Property Features for 34 NW 21ST PLACE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R3
- Interior features
- Open Floorplan
- Exterior features
- Private Entrance
- Standard status
- Active
- APN
- 2511-012-000
- Size
- 2,695 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4884.98
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Tina White License #3435934 (956) 337-7160
Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL (888) 883-8509
Listing date Apr 15, 2026
MLS# TB8498558
Listing URL
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.
HighLights
- Income‑producing 4‑unit multifamily property with immediate cash flow.
- New Roof (2025).
- Desirable unit mix: two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units.
- Value‑add potential through renovation of remaining units.
- Tenant‑paid utilities (electricity, sewer, trash) minimize owner expenses.
- Section 8 tenants provide consistent and reliable income.
Overview
This income-producing four-unit multifamily property is located in Ocala, Florida. The property, situated on a 0.23-acre lot, features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering flexibility and consistent rental demand. The property size is 2695 square feet. One unit has been renovated with an updated kitchen, bathroom, and vinyl flooring, while the remaining units provide an excellent opportunity for future upgrades and increased rental income. A new roof is planned for 2025. Landscaping is serviced weekly. All units are currently rented, providing immediate income. Tenant-paid utilities include electricity, sewer, and trash. The owner is responsible for water, which costs approximately $120 per month. Two long-term leases are in place, with additional opportunity to adjust rents as units turn. Section 8 tenants are in place, providing consistent and reliable income. The property is ideal for investors seeking a stabilized asset with immediate cash flow and the ability to further increase returns through strategic improvements. The zoning is R3.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.0k | $28.20 |
| − Vacancy | −$4.8k | −$1.78 |
| EGI | $71.2k | $26.42 |
| − OpEx | −$32.0k | −$11.89 |
| NOI | $39.2k | $14.53 |
2,695 SF · lease $28.20/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$559.5K
$489.6K – $652.8K
NOI $39,166 @ 7.0% cap · market cap 8.25%
Second Best
Multifamily LT 5
$556.4K
$486.9K – $649.2K
NOI $38,950 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,017 @ 7.0% cap · market cap 21.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.135219
- Latitude
- 29.208631
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with cash flow and value-add potential.
Where is this quadplex located?
The property is located at 34 NW 21ST PLACE Ocala, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Income‑producing 4‑unit multifamily property with immediate cash flow.; New Roof (2025).; Desirable unit mix: two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units.
