1820 SE 40TH STREET ROAD, Ocala, FL 34480
Quadruplex - OCALA, FL
- Added:
- Jan 20, 2026
- Days on Market:
- 154
- Last Refresh:
- Jun 23 at 12:06 am
Property Features for 1820 SE 40TH STREET ROAD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R3
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Standard status
- Active
- APN
- 3120-001-010
- Size
- 3,233 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7677.15
Utilities
- Heating system
- Electric (Heating), Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Number of units
- 1
- Building materials
- Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Freddy Pinero License #3272081 (954) 545-5583
Listing office LOKATION 1500 E. Atlantic Blvd., Pompano Beach, FL (954) 545-5583
Listing date Jan 20, 2026
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.
HighLights
- Fee simple income‑producing quadplex built in 1982
- Four 2‑bedroom, 1‑bath units with separate meters
- 3,233 heated SF total living area on a 0.28‑acre lot
- Central air with electric and natural gas heating, per unit
- Zoned R‑3; no HOA or special sale conditions reported
- Roof shingles; wood siding; Flood Zone X
Overview
Located in SE Ocala’s Citrus Park area, the property is positioned minutes from SE Maricamp Rd and major conveniences. The listing also identifies the property’s R-3 zoning designation, which is relevant for prospective buyers evaluating compatibility with intended residential use.
For buyers seeking a small multifamily asset with independently metered units, this quadplex provides a straightforward, turnkey configuration across four identical-style 2-bedroom floorplans. The combination of central air and durable flooring materials may help support day-to-day operational consistency, while the R-3 zoning and lack of HOA restrictions reduce constraints on ownership. Separate meters can also simplify resident utility arrangements compared with shared metering setups.
Local 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 | $91.2k | $28.20 |
| − Vacancy | −$5.7k | −$1.78 |
| EGI | $85.4k | $26.42 |
| − OpEx | −$38.4k | −$11.89 |
| NOI | $47.0k | $14.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.113105
- Latitude
- 29.147747
