Duplex with Updated
For Sale
$389,000
13912 SW 61st Cir, Ocala, FL 34473
Each residence includes a private garage, patio, open layout, and separate central air system.
Property Size2,130 SF
Price / SF$182.63
Days on Market42
Property Features for 13912 SW 61st Cir
General Information
Standard status
Active
Size
2,130 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2007
Buildings
1
Listing Agency:
SELLSTATE NEXT GENERATION REALTY
(352) 410-2437
Listed By:
Adriana Salmon · License #3012760
Source:
Flflourish
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 6:58PM
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 SELLSTATE NEXT GENERATION REALTY
Investment Insights
Based on property information with market context.
Built in 2007, this 2,130-square-foot duplex contains two residences, each with 2 bedrooms, 2 full bathrooms, a 1-car garage, and a large patio. Both units feature open layouts, vinyl flooring, spacious kitchens and bathrooms, and primary bedrooms with walk-in closets. Separate central air systems serve each side, with HVAC equipment updated in 2023. The property is currently fully rented.
Located in Marion Oaks in Ocala, the duplex is near shopping, dining, schools, and major employment corridors. Its configuration provides two distinct living spaces within one multifamily property, with private garage access and outdoor areas for each residence.
Located in Marion Oaks in Ocala, the duplex is near shopping, dining, schools, and major employment corridors. Its configuration provides two distinct living spaces within one multifamily property, with private garage access and outdoor areas for each residence.
Key Highlights
- Two‑unit duplex with 2,130 square feet of building area
- Each unit has 2 bedrooms and 2 full bathrooms
- Each residence includes a 1‑car garage and large patio
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
$30,955
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
7.96%
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%
$619,100
$619.1K
Cap Rate 7%
$442,214
$442.2K
Cap Rate 9%
$343,944
$343.9K
Market Conditions
NOI Build-Up for 2,130 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
$60.1K $28.20/SF
− Vacancy
−$3.8K −$1.78/SF
EGI
$56.3K $26.42/SF
− OpEx
−$25.3K −$11.89/SF
NOI
$31.0K $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 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%
$619,100
Cap Rate 7%
$442,214
Cap Rate 9%
$343,944
Alternative Uses
Best Use
Apartment 5plus
$442.2K
$386.9K – $515.9K
NOI $30,955 @ 7.0% cap · market cap 7.96%
Second Best
Multifamily LT 5
$439.8K
$384.8K – $513.1K
NOI $30,784 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,420 @ 7.0% cap · market cap 20.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 34473, FL
21,548
Population
9,313
Households
2.3
Avg Household Size
43
Median Age
16%
College-Educated
89%
High-School Grad
35.8 sq mi
ZIP Area
602
Density / Sq Mi
$70,559
Median Household Income
$36,474
Median Earnings
$1,406
Median Rent
$242,400
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?
Duplex - Each residence includes a private garage, patio, open layout, and separate central air system.
Where is this duplex located?
The property is located at 13912 SW 61st Cir Ocala, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,130 square feet of building area; Each unit has 2 bedrooms and 2 full bathrooms; Each residence includes a 1‑car garage and large patio
