Updated Duplex with Private
For Sale
$325,000
1135 NE 9TH Avenue, Ocala, FL 34470
Residential Income, OCALA, FL
Property Size1,488 SF
Lot Size0.28 Acres
Price / SF$218.41
Days on Market9
Property Features for 1135 NE 9TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1
Window features
Blinds
Pets allowed
Yes
Interior features
Ceiling Fans(s), Stone Counters, Window Treatments
Exterior features
Lighting
Appliances
Dryer, Electric Water Heater, Range, Refrigerator, Washer
Subdivision
SILVER TERRACE
Directions
From E Silver Springs Boulevard, head north on NE 8th Avenue, turn right on NE 12th Street, then right on NE 9th Avenue. Property will be ahead.
Standard status
Active
APN
2618-003-027
Size
1,488 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 08 TWP 15 RGE 22 PLAT BOOK C PAGE 019 SILVER TERRACE BLK C LOTS 27.28.29.30
Tax Annual Amount
3383
Legal Description
SEC 08 TWP 15 RGE 22 PLAT BOOK C PAGE 019 SILVER TERRACE BLK C LOTS 27.28.29.30
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
washer/dryer hookups
covered front patio
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
OLYMPUS EXECUTIVE REALTY INC
(407) 469-0090
Listed By:
David Hijar · License #3488693
(904) 910-4516
Added: Sep 9
Changed: Sep 17
Last Checked: Sep 17 at 1:06PM
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.
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 = 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
$21,625
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
6.65%
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%
$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
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
$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 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%
$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 6.65%
Second Best
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,506 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$812.6K
$711.0K – $948.0K
NOI $56,879 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
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
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
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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 $325,000.
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
