Side-by-Side
For Sale
$389,900
Pending
2163 NW 65TH Place, Ocala, FL 34475
Residential Income, OCALA, FL
Property Size2,052 SF
Lot Size0.29 Acres
Days on Market47
Property Features for 2163 NW 65TH Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Interior features
Ceiling Fans(s), Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat
Exterior features
Lighting
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
REGAL PARK
Directions
From US-301 N/US-441 N Turn left onto NW 63rd St. Turn right onto NW 21st Ct. Turn left onto NW 65th Pl. Destination will be on the right
Standard status
Pending
APN
1328-014-018
Size
2,052 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 24 TWP 14 RGE 21 PLAT BOOK F PAGE 077 REGAL PARK BLK N LOTS 18.19
Tax Annual Amount
161
Legal Description
SEC 24 TWP 14 RGE 21 PLAT BOOK F PAGE 077 REGAL PARK BLK N LOTS 18.19
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
2026
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
LOKATION
(954) 545-5583
Listed By:
William Stiles · License #3154962
(352) 342-2206
Added: Jul 27
Changed: Sep 7
Last Checked: Sep 11 at 2:06PM
MLS# OM729173
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units totaling 2,052 square feet on a 0.29-acre lot. One unit offers 2 bedrooms and 1 bathroom across 1,039 square feet, while the second provides 3 bedrooms, 2 bathrooms, a 1-car garage, and 1,013 square feet. Both residences are under construction with block and stucco exteriors, shingle roofing, vinyl flooring, central air, and electric heating.
Interior features include open floor plans, granite-style solid surface counters, solid wood cabinets, ceiling fans, thermostats, and split-bedroom layouts. Each unit includes a range, refrigerator, microwave, and dishwasher. The property uses a well and septic tank and is zoned R1.
Interior features include open floor plans, granite-style solid surface counters, solid wood cabinets, ceiling fans, thermostats, and split-bedroom layouts. Each unit includes a range, refrigerator, microwave, and dishwasher. The property uses a well and septic tank and is zoned R1.
Key Highlights
- Two‑unit duplex totaling 2,052 square feet on a 0.29‑acre lot
- Unit 1: 2 bedrooms, 1 bathroom, and 1,039 square feet
- Unit 2: 3 bedrooms, 2 bathrooms, 1‑car garage, and 1,013 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,420
$596.4K
Cap Rate 7%
$426,014
$426.0K
Cap Rate 9%
$331,344
$331.3K
Market Conditions
NOI Build-Up for 2,052 SF
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.
Gross rent
$57.9K $28.20/SF
− Vacancy
−$3.6K −$1.78/SF
EGI
$54.2K $26.42/SF
− OpEx
−$24.4K −$11.89/SF
NOI
$29.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,420
Cap Rate 7%
$426,014
Cap Rate 9%
$331,344
Alternative Uses
Best Use
Apartment 5plus
$426.0K
$372.8K – $497.0K
NOI $29,821 @ 7.0% cap · market cap 7.65%
Second Best
Multifamily LT 5
$423.7K
$370.7K – $494.3K
NOI $29,657 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.12M
$980.5K – $1.31M
NOI $78,438 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
110
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with open layouts, contemporary finishes, and separate living configurations.
Where is this duplex located?
The property is located at 2163 NW 65TH Place Ocala, FL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,052 square feet on a 0.29‑acre lot; Unit 1: 2 bedrooms, 1 bathroom, and 1,039 square feet; Unit 2: 3 bedrooms, 2 bathrooms, 1‑car garage, and 1,013 square feet
