Two-Unit Duplex Near Community
For Sale
$309,900
1632/1634 NW 20TH COURT, Ocala, FL 34475
R2-zoned income property offering owner-occupant flexibility or the option to lease both residences.
Property Size1,240 SF
Days on Market19
Property Features for 1632/1634 NW 20TH COURT
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Residential Income
Zoning
R2
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,997
Building Details
Building Size
1,240 SF
Year Built
1979
Buildings
1
Listing Agency:
HOMERUN REALTY
(352) 207-0005
Listed By:
Dawn Padot
(352) 207-0005
Source:
Bonjorn
Added: Jul 18
Changed: Aug 4
Last Checked: Aug 4 at 4:58AM
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 HOMERUN REALTY
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each with 2 bedrooms and 1 bathroom. Built in 1979 and designated R2, the property supports both owner-occupied living with rental income from the second unit and leasing the full building as a two-unit income property.
The property is located at 1632/1634 NW 20TH COURT in Ocala, with convenient access to I-75, shopping, restaurants, medical facilities, and daily services. The building sits directly across from the Mary Sue Rich Community Center at Reed Place, which offers a fitness center, indoor walking track, basketball courts, library/media center, wellness classes, and programs throughout the year.
The property is located at 1632/1634 NW 20TH COURT in Ocala, with convenient access to I-75, shopping, restaurants, medical facilities, and daily services. The building sits directly across from the Mary Sue Rich Community Center at Reed Place, which offers a fitness center, indoor walking track, basketball courts, library/media center, wellness classes, and programs throughout the year.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 1‑bath residences
- R2 zoning
- Built in 1979
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $28.20 |
| − Vacancy | −$2.2k | −$1.78 |
| EGI | $32.8k | $26.42 |
| − OpEx | −$14.7k | −$11.89 |
| NOI | $18.0k | $14.53 |
1,240 SF · lease $28.20/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$257.4K
$225.3K – $300.4K
NOI $18,021 @ 7.0% cap · market cap 5.82%
Second Best
Multifamily LT 5
$256.0K
$224.0K – $298.7K
NOI $17,921 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$677.1K
$592.5K – $790.0K
NOI $47,399 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned income property offering owner-occupant flexibility or the option to lease both residences.
Where is this duplex located?
The property is located at 1632/1634 NW 20TH COURT Ocala, FL.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath residences; R2 zoning; Built in 1979
