Two-Unit Duplex with Outdoor
New
For Sale
$449,950
1420 NW 17TH Avenue, Ocala, FL 34475
Residential Income, OCALA, FL
Property Size2,274 SF
Lot Size0.25 Acres
Price / SF$197.87
Days on Market2
Property Features for 1420 NW 17TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 1
Parking features
Guest, Oversize, On Street, Assigned, Driveway, Off Street, Open
Patio and Porch features
Porch
Pets allowed
Cats OK, Yes, Dogs OK
Interior features
Ceiling Fans(s), Coffered Ceiling(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
Exterior features
Outdoor Kitchen, Private Entrance, Private Yard, Sidewalk
Appliances
Cooktop, Dishwasher, Electric Water Heater, Freezer, Microwave, Range, Refrigerator
Subdivision
BUNCHE HEIGHTS
Lot features
Landscaped, Level, Private, Sidewalk, Paved
Directions
From Highway 27, turn North onto NW 20th Ave, turn East onto NW 14th St, and turn North onto 17th Ave.
Standard status
Active
APN
2195-100-000
Size
2,274 SF
Lot size
0.25 Acres
Additional Details
Individually Metered Utilities
electric, water
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 12 TWP 15 RGE 21 PLAT BOOK C PAGE 098 BUNCHE HEIGHTS LOTS 100.101
Tax Annual Amount
317
Legal Description
SEC 12 TWP 15 RGE 21 PLAT BOOK C PAGE 098 BUNCHE HEIGHTS LOTS 100.101
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
quartz countertops
soft-close cabinetry
LVP flooring
stainless steel appliances
washer/dryer hookups
private rear patio
yard space
outdoor summer kitchen with sink and running water
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Tile
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Outdoor Kitchen
Buildings
1
Listing Agency:
OLYMPUS EXECUTIVE REALTY INC
(407) 469-0090
Listed By:
David Hijar · License #3488693
(904) 910-4516
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 9:06AM
MLS# O6453881
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.
Built in 2026, this duplex contains two separate residences, each with three bedrooms, two bathrooms, and 1,137 square feet. The building totals 2,274 square feet on its own 0.25-acre parcel and is zoned R2. Interior finishes include quartz counters, soft-close cabinetry, vinyl plank flooring, and stainless steel appliances. Washer and dryer hookups are provided inside each residence; each also has a private patio, yard area, and an outdoor kitchen with a sink and running water.
The property is 2 miles from downtown Ocala, AdventHealth Ocala, HCA Florida Ocala Hospital, UF Health, and I-75 access. The College Road retail corridor and Paddock Mall area are 3 miles away. Ocala International Airport is 6 miles away, and The World Equestrian Center is 8 miles away. A separate two-unit building on its own parcel next door is also available, offering a potential four-unit purchase across two lots.
The property is 2 miles from downtown Ocala, AdventHealth Ocala, HCA Florida Ocala Hospital, UF Health, and I-75 access. The College Road retail corridor and Paddock Mall area are 3 miles away. Ocala International Airport is 6 miles away, and The World Equestrian Center is 8 miles away. A separate two-unit building on its own parcel next door is also available, offering a potential four-unit purchase across two lots.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and 1,137 square feet
- 2,274‑square‑foot building on a 0.25‑acre parcel; zoned R2
- Constructed in 2026 with separately metered electric and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,048
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,960
$661.0K
Cap Rate 7%
$472,114
$472.1K
Cap Rate 9%
$367,200
$367.2K
Market Conditions
NOI Build-Up for 2,274 SF
Gross rent
$64.1K $28.20/SF
− Vacancy
−$4.0K −$1.78/SF
EGI
$60.1K $26.42/SF
− OpEx
−$27.0K −$11.89/SF
NOI
$33.0K $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 Rate 5%
$660,960
Cap Rate 7%
$472,114
Cap Rate 9%
$367,200
Alternative Uses
Best Use
Apartment 5plus
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 7.34%
Second Best
Multifamily LT 5
$469.5K
$410.8K – $547.8K
NOI $32,866 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,924 @ 7.0% cap · market cap 19.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
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Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private patios, yard space, and separately metered electric and water service.
Where is this duplex located?
The property is located at 1420 NW 17TH Avenue Ocala, FL.
What is the asking price?
The asking price for this property is $449,950.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and 1,137 square feet; 2,274‑square‑foot building on a 0.25‑acre parcel; zoned R2; Constructed in 2026 with separately metered electric and water
