Duplex with Private
1927 NW 2ND Street, Ocala, FL 34475
For Sale
$205,000
Residential Income, OCALA, FL
Property Size1,164 SF
Lot Size0.09 Acres
Price / SF$176.12
Days on Market102
Property Features for 1927 NW 2ND Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
oversized yard
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
WILSHIRE REALTY GROUP LLC
(407) 917-1525
Listed By:
Jean Raymond
(941) 567-8288
Added: Jul 29
Changed: Nov 7
Last Checked: Nov 7 at 12:06PM
MLS# O6426856
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.
This duplex contains 1,164 square feet and sits on a 0.09-acre lot. Block construction, central heating and central air conditioning are among its physical features. The interior has updated flooring and fresh paint, and the kitchen appliances are included. A new shingle roof is also noted.
The property was built in 1956 and is zoned R2. A private yard adds outdoor space to the parcel.
The property was built in 1956 and is zoned R2. A private yard adds outdoor space to the parcel.
Key Highlights
- 1,164‑square‑foot duplex on a 0.09‑acre lot
- R2 zoning
- Block construction; built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,916
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,320
$338.3K
Cap Rate 7%
$241,657
$241.7K
Cap Rate 9%
$187,956
$188.0K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$32.8K $28.20/SF
− Vacancy
−$2.1K −$1.78/SF
EGI
$30.8K $26.42/SF
− OpEx
−$13.8K −$11.89/SF
NOI
$16.9K $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%
$338,320
Cap Rate 7%
$241,657
Cap Rate 9%
$187,956
Alternative Uses
Best Use
Apartment 5plus
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 8.25%
Second Best
Multifamily LT 5
$240.3K
$210.3K – $280.4K
NOI $16,823 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$635.6K
$556.2K – $741.6K
NOI $44,494 @ 7.0% cap · market cap 21.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
316
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
$170,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Ocala, FL
Properties on Market for Duplexes in Ocala
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Block construction and central heating and air conditioning support a practical residential setup.
Where is this duplex located?
The property is located at 1927 NW 2ND Street Ocala, FL.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,164‑square‑foot duplex on a 0.09‑acre lot; R2 zoning; Block construction; built in 1956
