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Four-Unit Townhouse Apartment Building
For Sale
Contact for pricing
Pending

627 NE 28th Ave, Ocala, FL 34470

Concrete block four-unit townhouse building with open living and dining layouts and new 2019 roof.

Property Size4,764 SF
Days on Market115

Property Features for 627 NE 28th Ave

General Information

Standard status Pending
Size 4,764 SF
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 4

Amenities

coin laundry

Building Details

Construction concrete block
Tenancy Multi
Listing Agency: CENTURY 21 Prime Property Resources Inc
Listed By: Kelly Rice · License #FL
Source: Crexi
Added: Apr 12 Changed: Jul 23 Last Checked: Aug 3 at 2:45PM

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 CENTURY 21 Prime Property Resources Inc

Investment Insights

Based on property information with market context.

This four-unit townhouse/apartment building is constructed of concrete block and offers each unit an open living and dining area. All four units are configured as 2 bedrooms and 1.5 baths. The property includes a small utility room that was previously used as a coin laundry for tenants.

The building has a recently painted exterior and a new roof installed in 2019. Parking is provided via an asphalt lot with one covered carport space. Tenants are responsible for all utilities except water and common area electric (including lighting and the utility room).

As reported, the property totals 4 units and includes 4,764 square feet. The owner notes strong operating performance with a 100% occupancy history and that two units participate in the Section 8 program, with current rents below market. The location is described as convenient to shopping and the city bus stop.

Key Highlights

  • 4‑unit concrete block townhouse/apartment building in the City of Ocala, currently 100% occupied with excellent rental history
  • All units are 2BR/1.5BA with open living and dining layouts
  • Two units are enrolled in the Section 8 program; rents are significantly below market per the listing

Property Analytics

Current Use

Stellar Solar in Ocala Production Facility

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service Tanning Salon Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

823
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Concrete block four-unit townhouse building with open living and dining layouts and new 2019 roof.
Where is this quadplex located?
The property is located at 627 NE 28th Ave Ocala, FL.
What are key features of this property?
This property features: 4‑unit concrete block townhouse/apartment building in the City of Ocala, currently 100% occupied with excellent rental history; All units are 2BR/1.5BA with open living and dining layouts; Two units are enrolled in the Section 8 program; rents are significantly below market per the listing
(352) 279-7528 Call to check price and availability
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