Quadplex with New
For Sale
$575,900
2950 SE 53rd Court, Ocala, FL 34480
Four-unit residential property with a mix of renovated and unrenovated interiors in Southeast Ocala.
Property Size3,417 SF
Price / SF$168.54
Days on Market146
Property Features for 2950 SE 53rd Court
General Information
Standard status
Active
Size
3,417 SF
Property subtype
Multi-family
Property Condition
Severity
Minor
Evidence
two remain unrenovated
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
HOA Fee
$142.72
Amenities
front porch
Building Details
Year Built
1984
Listing Agency:
EXP REALTY LLC
(956) 337-7160
Listed By:
Tina White · License #3435934
Source:
Realtygroupfl
Added: Mar 22
Changed: Aug 14
Last Checked: Aug 14 at 4:40AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,417 square feet and was built in 1984. Two units have updated kitchens, bathrooms, and vinyl flooring, while the other two retain tile flooring and offer renovation potential. Each unit includes a front porch and a functional layout. Three units are leased, and one is vacant, providing flexibility for a new tenancy or owner occupancy.
Major property improvements include a new roof completed in 2025 and a new driveway installed in Dec 2025. Landscaping is maintained weekly, while tenants pay water and electric. The HOA provides trash service. The property is located near shopping, dining, and major roadways in Southeast Ocala.
Major property improvements include a new roof completed in 2025 and a new driveway installed in Dec 2025. Landscaping is maintained weekly, while tenants pay water and electric. The HOA provides trash service. The property is located near shopping, dining, and major roadways in Southeast Ocala.
Key Highlights
- Four‑unit property with 3,417 square feet, built in 1984
- New roof completed in 2025
- New $25,000 driveway installed in Dec 2025
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
$49,659
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
8.62%
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%
$993,180
$993.2K
Cap Rate 7%
$709,414
$709.4K
Cap Rate 9%
$551,767
$551.8K
Market Conditions
NOI Build-Up for 3,417 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
$96.4K $28.20/SF
− Vacancy
−$6.1K −$1.78/SF
EGI
$90.3K $26.42/SF
− OpEx
−$40.6K −$11.89/SF
NOI
$49.7K $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%
$993,180
Cap Rate 7%
$709,414
Cap Rate 9%
$551,767
Alternative Uses
Best Use
Apartment 5plus
$709.4K
$620.7K – $827.7K
NOI $49,659 @ 7.0% cap · market cap 8.62%
Second Best
Multifamily LT 5
$705.5K
$617.3K – $823.1K
NOI $49,385 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,616 @ 7.0% cap · market cap 22.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 34480, FL
21,709
Population
9,864
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
617
Density / Sq Mi
$75,334
Median Household Income
$40,953
Median Earnings
$1,238
Median Rent
$248,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with a mix of renovated and unrenovated interiors in Southeast Ocala.
Where is this quadplex located?
The property is located at 2950 SE 53rd Court Ocala, FL.
What is the asking price?
The asking price for this property is $575,900.
What are key features of this property?
This property features: Four‑unit property with 3,417 square feet, built in 1984; New roof completed in 2025; New $25,000 driveway installed in Dec 2025
