94-Unit Garden-Style
New
For Sale
$9,400,000
1529 NE 39th Ave, Ocala, FL 34470
Garden-style multifamily property with access to local schools, employment, and entertainment.
Property SizeContact for details
Days on Market3
Property Features for 1529 NE 39th Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
7.81%
Multifamily Units
94
Amenities
A 94-Unit, garden-style multifamily property located in Ocala, FL
Explosive Population Growth: Ocala has again ranked as the fastest growing metro in the nation by percentage for 2025 (US Census Bureau)
Rental Properties in High Demand: Ocala's population has increased 27% in the last 10 years (US Census Bureau) creating significant demand for workforce housing rentals
NOI Growth: Clear pathway to a 36.7% increase in NOI by year two through bringing occupancy to market while implementing moderate rent bumps
Renovation upside is proven, not speculative: Recently renovated units at Cedarwood already command premiums of $186/unit (studios), $174/unit (one-bedrooms), and $140/unit (two-bedrooms) over unrenovated units
Well Located: Cedarwood is located just feet from Ocala's main thoroughfare, East Silver Springs Boulevard giving tenants convenient access to local schools, employment and entertainment
Rising incomes support rent growth: Area median income increased 32.6% from 2021–2024 (HUD), outpacing typical wage growth nationally
Redevelopment Potential: Situated on over 6 acres, providing great redevelopment opportunities in the future
Building Details
Construction
garden-style
Listing Agency:
Tampa Office
(813) 387-4754
Listed By:
Jason Hague · License #License(s): FL: SL3265708
(813) 387-4754
Source:
Marcusmillichap
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 5:31AM
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 Tampa Office
Investment Insights
Based on property information with market context.
Cedarwood Apartments is a 94-unit garden-style multifamily property in Ocala, Florida. The community is located at 1529 NE 39th Ave and offers access to local schools, employment, and entertainment. The property’s apartment-focused configuration provides a defined multifamily asset in an established Florida market.
Key Highlights
- 94‑unit garden‑style multifamily property
- Located at 1529 NE 39th Ave, Ocala, FL 34470
- Access to local schools, employment, and entertainment
Property Analytics
Property Profile
Current Use
Lease Details
94
Residential units
Location Intelligence
Trade Area within ½ mile
349
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style multifamily property with access to local schools, employment, and entertainment.
Where is this apartment building located?
The property is located at 1529 NE 39th Ave Ocala, FL.
What is the asking price?
The asking price for this property is $9,400,000.
What are key features of this property?
This property features: 94‑unit garden‑style multifamily property; Located at 1529 NE 39th Ave, Ocala, FL 34470; Access to local schools, employment, and entertainment
