Side-by-Side
For Sale
$389,900
2163 NW 65TH PLACE, Ocala, FL 34475
Newly built side-by-side duplex with two units, each offering open-concept living and modern finishes.
Property Size2,052 SF
Price / SF$190.01
Days on Market32
Property Features for 2163 NW 65TH PLACE
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Duplex
Building Details
Year Built
2026
Buildings
1
Construction
block/stucco
Tenancy
Multi
Listing Agency:
LOKATION
(954) 545-5583
Listed By:
William Stiles · License #3154962
Source:
Dennisrealty
Added: Jul 27
Changed: Aug 25
Last Checked: Aug 26 at 9:03AM
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
Investment Insights
Based on property information with market context.
Newly built side-by-side duplex with two separate units at 2163 NW 65th Pl and 2177 NW 65th Pl. Built in 2026, the property includes two bedrooms and one bathroom in unit 2163, along with 1,039 sq ft of living space. Unit 2177 features three bedrooms and two bathrooms, includes a 1-car garage, and offers 1,013 sq ft of living space.
Both units are finished with luxury vinyl plank flooring, granite countertops, real wood soft-close cabinets, stainless steel appliances, and open-concept floor plans designed for comfortable, low-maintenance living.
This configuration supports either multi-unit ownership for rental income or owner-occupancy with rental income from the second unit, with each unit operating as a distinct residence.
Both units are finished with luxury vinyl plank flooring, granite countertops, real wood soft-close cabinets, stainless steel appliances, and open-concept floor plans designed for comfortable, low-maintenance living.
This configuration supports either multi-unit ownership for rental income or owner-occupancy with rental income from the second unit, with each unit operating as a distinct residence.
Key Highlights
- Built in 2026 side‑by‑side duplex with two units
- Unit 2163 NW 65th Pl: 2 bedrooms, 1 bathroom, 1,039 sq ft
- Unit 2177 NW 65th Pl: 3 bedrooms, 2 bathrooms, 1‑car garage, 1,013 sq ft
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
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built side-by-side duplex with two units, each offering open-concept living and modern finishes.
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: Built in 2026 side‑by‑side duplex with two units; Unit 2163 NW 65th Pl: 2 bedrooms, 1 bathroom, 1,039 sq ft; Unit 2177 NW 65th Pl: 3 bedrooms, 2 bathrooms, 1‑car garage, 1,013 sq ft
