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Two-Phase Apartment Community

2300 Southwest 38th Avenue, Ocala, FL 34474

For Sale
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An operating apartment community includes completed resident amenities and a planned expansion on the same campus.

Property SizeContact for details
Lot Size33.95 Acres
Days on Market34

Property Features for 2300 Southwest 38th Avenue

General Information

Standard status Active
Lot size 33.95 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 240
Currently Operating Yes

Amenities

clubhouse
swimming pool
garages
outdoor gathering areas

Building Details

Year Built 2025
Listing Agency: GREA
Listed By: Ken Wellar · License PA #10401252368
Source: Crexi
Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 5:52PM

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 GREA

Rey
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Investment Insights

Based on property information with market context.

At 2300 Southwest 38th Avenue in Ocala, this 33.95-acre apartment property combines a completed 240-unit Phase I, delivered in 2025, with a planned 192-unit Phase II. The existing community includes a clubhouse, swimming pool, garages, and outdoor gathering areas. The proposed expansion comprises eight 24-unit buildings, bringing the planned community total to 432 apartments across both phases.

The completed and planned units include 84 one-bedroom, 324 two-bedroom, and 24 three-bedroom apartments. Floor plans range from approximately 812 to 1,318 square feet; planned residential area totals approximately 453,972 square feet, averaging approximately 1,051 square feet per apartment.

The property is in Ocala, Florida. The metropolitan area had approximately 442,660 residents in July 2025, a 3.4% increase over the prior year, with more than 14,600 residents added during that period.

Key Highlights

  • Phase I includes 240 apartments delivered in 2025
  • Planned Phase II adds 192 apartments in eight 24‑unit buildings
  • Planned buildout totals 432 apartments across both phases

Property Analytics

Lease Details

240
Residential units

Location Intelligence

Trade Area within ½ mile

84
Businesses Nearby

Demographics for 34474, FL

17,781
Population
9,207
Households
1.9
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
21.0 sq mi
ZIP Area
847
Density / Sq Mi
$62,150
Median Household Income
$36,422
Median Earnings
$1,605
Median Rent
$177,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - An operating apartment community includes completed resident amenities and a planned expansion on the same campus.
Where is this apartment building located?
The property is located at 2300 Southwest 38th Avenue Ocala, FL.
What are key features of this property?
This property features: Phase I includes 240 apartments delivered in 2025; Planned Phase II adds 192 apartments in eight 24‑unit buildings; Planned buildout totals 432 apartments across both phases
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