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Ocala Quadplex Investment Opportunity

1820 SE 40TH STREET Rd, Ocala, FL 34480

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For Sale

$574,000

Income-producing quadplex in SE Ocala's Citrus Park neighborhood.

Type:Investment

Property size:

3,233 SF

Lot size:

0.28 Acres

Price / SF:

$177/SF

HighLights

Income‑producing quadplex: Turnkey investment property.
Fee simple ownership: No land lease.
Four 2‑bedroom, 1‑bathroom units with separate meters.
Located in Flood Zone X: Lower flood insurance risk.
Zoned R‑3: Potential for future development or expansion.
No HOA: Avoids HOA fees and restrictions.

We can help!

Listing Contact

Freddy Pinero

Learn more

For Sale

$574,000

Income-producing quadplex in SE Ocala's Citrus Park neighborhood.

Type:Investment

Property size:

3,233 SF

Lot size:

0.28 Acres

Price / SF:

$177/SF

Added:: Apr 24, 2026
Days on Market:: 61
Last Refresh:: Apr 24 at 3:33 pm

Property Features for 1820 SE 40TH STREET Rd

General Information

Standard status: Active
Size: 3,233 SF
Lot size: 0.28 Acres
Property subtype: Investment

Building Details

Year Built: 1982

We can help!

Listing Contact

Freddy Pinero

Listing agent Freddy Pinero License #3272081

Listing office LoKation Real Estate

Listing date Apr 24, 2026

Source Elliman

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 LoKation Real Estate

HighLights

Income‑producing quadplex: Turnkey investment property.
Fee simple ownership: No land lease.
Four 2‑bedroom, 1‑bathroom units with separate meters.
Located in Flood Zone X: Lower flood insurance risk.
Zoned R‑3: Potential for future development or expansion.
No HOA: Avoids HOA fees and restrictions.

Overview

Located in the Citrus Park neighborhood of SE Ocala, this income-producing quadplex presents a fee simple property featuring four units, each with 2 bedrooms and 1 bathroom. Constructed in 1982, the building provides 3,233 heated square feet of living space and is situated on a 0.28-acre lot within Flood Zone X. Interior finishes include tile, vinyl, and laminate flooring, complemented by central air conditioning. The property is zoned R-3 and is not subject to HOA restrictions or special sale conditions. Each unit has separate meters. The location is near SE Maricamp Rd and various conveniences, presenting a turnkey investment with potential for growth. The property has a bike score of 26, indicating it is somewhat bikeable, a walk score of 17, indicating car-dependent surroundings, and a transit score of 0, indicating no nearby transit options.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$91.2k	$28.20
− Vacancy	−$5.7k	−$1.78
EGI	$85.4k	$26.42
− OpEx	−$38.4k	−$11.89
NOI	$47.0k	$14.53

3,233 SF · lease $28.20/SF/yr · vacancy 6.30% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$671.2K

$587.3K – $783.1K (±1% cap)

NOI $46,985 @ 7.0% cap · market cap 8.19%

Second Best

Multifamily LT 5

$667.5K

$584.1K – $778.8K (±1% cap)

NOI $46,726 @ 7.0% cap · market cap 8.14%

Theoretical Best

Office A

$1.77M

$1.54M – $2.06M (±1% cap)

NOI $123,582 @ 7.0% cap · market cap 21.53%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Ocala
County: Marion
State: Florida
Longitude: -82.113107
Latitude: 29.147747

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For sale
Quadplexes
FL
Ocala
34480
1820 SE 40TH STREET Rd

What type of property is this?

Quadplex - Income-producing quadplex in SE Ocala's Citrus Park neighborhood.

Where is this quadplex located?

The property is located at 1820 SE 40TH STREET Rd Ocala, FL.

What is the asking price?

The asking price for this property is $574,000.

What are key features of this property?

This property features: Income‑producing quadplex: **Turnkey investment property.**; Fee simple ownership: No land lease.; **Four 2‑bedroom, 1‑bathroom units with separate meters.**

1820 SE 40TH STREET Rd, Ocala, FL 34480

Income-producing quadplex in SE Ocala's Citrus Park neighborhood.

Property Features for 1820 SE 40TH STREET Rd

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Dual-Building Automotive NNN Investment

Flex Retail Warehouse Buildings

Established Hardware Store with Income

Ocala Warehouse/Shop with Showroom

Downtown Ocala Mixed-Use Commercial Property

Single-Story Warehouse with Loading Docks

Professional Office Space in Ocala

Renovated Single-Unit Office Building

Horse Farm with Center-Aisle Barn

Live-Work Paint Workshop Property

Mixed-Use Development Parcel

Versatile Commercial Building in Ocala

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