Four-Unit Renovated
For Sale
$525,000
3800 SE 17TH COURT, Ocala, FL 34480
Multifamily property with three occupied residences and one vacant unit available for leasing.
Property Size3,233 SF
Lot Size0.35 Acres
Price / SF$162.39
Days on Market56
Property Features for 3800 SE 17TH COURT
General Information
Standard status
Active
Size
3,233 SF
Lot size
0.35 Acres
Property subtype
Quadruplex
Occupancy
75%
Additional Details
Multifamily Units
4
Building Details
Year Built
1981
Listing Agency:
SAFETYNET REALTY
(317) 603-8743
Listed By:
Lorena Hernandez · License #3437234
(386) 383-0044
Source:
Endlesssummerrealty
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 11 at 8:32AM
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 SAFETYNET REALTY
Investment Insights
Based on property information with market context.
Built in 1981, this four-unit multifamily property contains 3,233 square feet on a 0.35-acre lot at 3800 SE 17TH COURT in Ocala, Florida. Three units are occupied, while the remaining unit is vacant and ready for a new lease.
Units A and D received recent interior updates, including paint, kitchen and bathroom repairs, and replacement of select fixtures. The property’s four-unit configuration provides an established residential income setup with one unit positioned for occupancy.
Units A and D received recent interior updates, including paint, kitchen and bathroom repairs, and replacement of select fixtures. The property’s four-unit configuration provides an established residential income setup with one unit positioned for occupancy.
Key Highlights
- Four‑unit multifamily property with 3,233 SF of building area
- Situated on a 0.35‑acre lot at 3800 SE 17TH COURT, OCALA, FL 34480
- Three units occupied; one unit vacant and ready to lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,985
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,700
$939.7K
Cap Rate 7%
$671,214
$671.2K
Cap Rate 9%
$522,056
$522.1K
Market Conditions
NOI Build-Up for 3,233 SF
Gross rent
$91.2K $28.20/SF
− Vacancy
−$5.7K −$1.78/SF
EGI
$85.4K $26.42/SF
− OpEx
−$38.4K −$11.89/SF
NOI
$47.0K $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%
$939,700
Cap Rate 7%
$671,214
Cap Rate 9%
$522,056
Alternative Uses
Best Use
Apartment 5plus
$671.2K
$587.3K – $783.1K
NOI $46,985 @ 7.0% cap · market cap 8.95%
Second Best
Multifamily LT 5
$667.5K
$584.1K – $778.8K
NOI $46,726 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$1.77M
$1.54M – $2.06M
NOI $123,582 @ 7.0% cap · market cap 23.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
366
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
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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?
Quadplex - Multifamily property with three occupied residences and one vacant unit available for leasing.
Where is this quadplex located?
The property is located at 3800 SE 17TH COURT Ocala, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,233 SF of building area; Situated on a 0.35‑acre lot at 3800 SE 17TH COURT, OCALA, FL 34480; Three units occupied; one unit vacant and ready to lease
