8-Unit Apartment
For Sale
$1,179,000
2621 SW 33, Ocala, FL 34474
Six apartments have long-term leases, alongside furnished accommodations operated as mid- and short-term rentals.
Property Size4,466 SF
Days on Market9
Property Features for 2621 SW 33
General Information
Standard status
Active
Size
4,466 SF
Property subtype
Commercial
Site & Location
Public Transit
No
Utilities to Site
Yes
Additional Details
Multifamily Units
8
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,103
Building Details
Building Size
4,466 SF
Year Built
1967
Units
1
Listing Agency:
GREAT EXPECTATIONS REALTY,LLC
Listed By:
Andrea Proeber
(352) 817-1600
Source:
Elliman
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 4 at 1:26PM
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 GREAT EXPECTATIONS REALTY,LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8-unit apartment property was built in 1967 and combines six apartments leased on a long-term basis with one mid-term rental and one short-term rental. The mid- and short-term units are furnished. The roof was replaced on March 18, 2025, and the property connects to City of Ocala water and sewer.
The property is directly across from the College of Central Florida at 2621 SW 33, Ocala, Florida. Walk Score is 1, Bike Score is 26, and Transit Score is 0.
The property is directly across from the College of Central Florida at 2621 SW 33, Ocala, Florida. Walk Score is 1, Bike Score is 26, and Transit Score is 0.
Key Highlights
- 8‑unit apartment property
- Six units have long‑term leases; one is operated as a mid‑term rental and one as a short‑term rental
- Furnished mid- and short‑term rental units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,904
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,298,080
$1.3M
Cap Rate 7%
$927,200
$927.2K
Cap Rate 9%
$721,156
$721.2K
Market Conditions
NOI Build-Up for 4,466 SF
Gross rent
$125.9K $28.20/SF
− Vacancy
−$7.9K −$1.78/SF
EGI
$118.0K $26.42/SF
− OpEx
−$53.1K −$11.89/SF
NOI
$64.9K $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%
$1,298,080
Cap Rate 7%
$927,200
Cap Rate 9%
$721,156
Alternative Uses
Best Use
Apartment 5plus
$927.2K
$811.3K – $1.08M
NOI $64,904 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.13M – $2.85M
NOI $170,714 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Apartment building - Six apartments have long-term leases, alongside furnished accommodations operated as mid- and short-term rentals.
Where is this apartment building located?
The property is located at 2621 SW 33 Ocala, FL.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: 8‑unit apartment property; Six units have long‑term leases; one is operated as a mid‑term rental and one as a short‑term rental; Furnished mid- and short‑term rental units
