New Construction
1-2-1420 Nw 17th Ave, Ocala, FL 34475
For Sale
$449,950
Two separately metered residences each offer private outdoor space, a rear patio, and an outdoor kitchen with running water.
Property Size2,274 SF
Price / SF$197.87
Days on Market12
Property Features for 1-2-1420 Nw 17th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
private rear patio
yard space
outdoor summer kitchen
Building Details
Year Built
Buildings
Listing Agency:
OLYMPUS EXECUTIVE REALTY INC
(407) 469-0090
Listed By:
David Hijar · License FL #3488693
(904) 910-4516
Source:
Exprealty
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 10 at 9:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OLYMPUS EXECUTIVE REALTY INC
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two 3-bedroom, 2-bathroom residences in one building, totaling 2,274 square feet. Each unit measures 1,137 square feet and has a private rear patio, yard area, and outdoor summer kitchen with a sink and running water. Interior features include quartz countertops, soft-close cabinetry, LVP flooring, stainless steel appliances, and in-unit washer and dryer hookups. Electric and water are separately metered for each residence.
The property is 2 miles from downtown Ocala, AdventHealth Ocala, HCA Florida Ocala Hospital, UF Health, and I-75 access. College Road retail and the Paddock Mall area are 3 miles away; Ocala International Airport is 6 miles away, and the World Equestrian Center is 8 miles away.
The property is 2 miles from downtown Ocala, AdventHealth Ocala, HCA Florida Ocala Hospital, UF Health, and I-75 access. College Road retail and the Paddock Mall area are 3 miles away; Ocala International Airport is 6 miles away, and the World Equestrian Center is 8 miles away.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units in one 2,274‑square‑foot building
- Each residence is 1,137 square feet, with separately metered electric and water
- Private rear patio and yard space for each unit, with an outdoor kitchen, sink, and running water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,048
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,960
$661.0K
Cap Rate 7%
$472,114
$472.1K
Cap Rate 9%
$367,200
$367.2K
Market Conditions
NOI Build-Up for 2,274 SF
Gross rent
$64.1K $28.20/SF
− Vacancy
−$4.0K −$1.78/SF
EGI
$60.1K $26.42/SF
− OpEx
−$27.0K −$11.89/SF
NOI
$33.0K $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 Rate 5%
$660,960
Cap Rate 7%
$472,114
Cap Rate 9%
$367,200
Alternative Uses
Best Use
Apartment 5plus
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 7.34%
Second Best
Multifamily LT 5
$469.5K
$410.8K – $547.8K
NOI $32,866 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,924 @ 7.0% cap · market cap 19.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
328
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
$170,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Ocala, FL
Properties on Market for Duplexes in Ocala
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences each offer private outdoor space, a rear patio, and an outdoor kitchen with running water.
Where is this duplex located?
The property is located at 1-2-1420 Nw 17th Ave Ocala, FL.
What is the asking price?
The asking price for this property is $449,950.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units in one 2,274‑square‑foot building; Each residence is 1,137 square feet, with separately metered electric and water; Private rear patio and yard space for each unit, with an outdoor kitchen, sink, and running water
