Four-Unit Multifamily
For Sale
$525,000
3800 SE 17TH, Ocala, FL 34480
Three residences are occupied, while one recently updated unit is available for lease.
Property Size3,233 SF
Lot Size0.35 Acres
Days on Market59
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Property Features for 3800 SE 17TH
General Information
Standard status
Active
Size
3,233 SF
Lot size
0.35 Acres
Property subtype
Investment
Additional Details
Public Transit
No
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,461
Building Details
Building Size
3,233 SF
Year Built
1981
Listing Agency:
SAFETYNET REALTY
Listed By:
Avihai Sela · License #3378241
(317) 603-8743
Source:
Elliman
Added: Aug 18
Changed: Oct 10
Last Checked: Oct 15 at 2:15AM
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 occupies a 0.35-acre site in Southeast Ocala. Three units are currently occupied, and the remaining residence is vacant and available for lease. Units A and D received recent interior work, including painting, kitchen and bathroom repairs, and replacement of select fixtures.
The property is located in a car-dependent area with a Walk Score of 8, a Bike Score of 40, and a Transit Score of 0. Its existing occupancy, four-unit configuration, and recently improved units provide a straightforward multifamily operating profile.
The property is located in a car-dependent area with a Walk Score of 8, a Bike Score of 40, and a Transit Score of 0. Its existing occupancy, four-unit configuration, and recently improved units provide a straightforward multifamily operating profile.
Key Highlights
- Four‑unit multifamily property on a 0.35‑acre lot
- Three occupied units and one vacant unit available for lease
- Units A and D recently received interior renovations
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
181
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
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are occupied, while one recently updated unit is available for lease.
Where is this quadplex located?
The property is located at 3800 SE 17TH 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 on a 0.35‑acre lot; Three occupied units and one vacant unit available for lease; Units A and D recently received interior renovations
