Updated Duplex with Private
1135 NE 9TH Avenue, Ocala, FL 34470
For Sale
$314,900
Residential Income, OCALA, FL
Property Size1,488 SF
Lot Size0.28 Acres
Price / SF$211.63
Days on Market60
Property Features for 1135 NE 9TH Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Pets allowed
Interior features
Exterior features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer/dryer hookups
covered front patio
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
OLYMPUS EXECUTIVE REALTY INC
(407) 469-0090
Listed By:
David Hijar · License #3488693
(904) 910-4516
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 7 at 12:06PM
MLS# O6439738
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.
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Investment Insights
Based on property information with market context.
This updated duplex contains two residences, each offering 2 bedrooms, 1 bathroom, and 744 square feet. Interior improvements include granite countertops, refreshed cabinetry, glass-tile backsplashes, stainless steel appliances, recessed lighting, tile flooring, and renovated bathrooms. Each unit also has dedicated washer and dryer hookups, a covered front patio, and a separate backyard. The property includes a shingle roof, block and concrete construction, public water, public sewer, and no HOA. Built in 1958, the duplex sits on a 0.28-acre lot and has 1,488 square feet of total property size.
One residence is tenant occupied with a 12-month renewal beginning in October, while the other has recently become vacant. The property is near Downtown Ocala, Tuscawilla Park, the Reilly Arts Center, shopping, dining, and public transportation. R1A zoning applies.
One residence is tenant occupied with a 12-month renewal beginning in October, while the other has recently become vacant. The property is near Downtown Ocala, Tuscawilla Park, the Reilly Arts Center, shopping, dining, and public transportation. R1A zoning applies.
Key Highlights
- Two residences, each with 2 bedrooms, 1 bathroom, and 744 square feet
- 1,488 square feet on a 0.28‑acre lot
- Roof replaced in 2023 and windows replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,625
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,500
$432.5K
Cap Rate 7%
$308,929
$308.9K
Cap Rate 9%
$240,278
$240.3K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$42.0K $28.20/SF
− Vacancy
−$2.6K −$1.78/SF
EGI
$39.3K $26.42/SF
− OpEx
−$17.7K −$11.89/SF
NOI
$21.6K $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%
$432,500
Cap Rate 7%
$308,929
Cap Rate 9%
$240,278
Alternative Uses
Best Use
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,625 @ 7.0% cap · market cap 6.87%
Second Best
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,506 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$812.6K
$711.0K – $948.0K
NOI $56,879 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
50%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
Median Home Value
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Market
Average Price Trend$/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 arranged residences offer updated interiors, laundry hookups, and access to individual outdoor areas.
Where is this duplex located?
The property is located at 1135 NE 9TH Avenue Ocala, FL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 bathroom, and 744 square feet; 1,488 square feet on a 0.28‑acre lot; Roof replaced in 2023 and windows replaced in 2024
