Updated Four-Unit
For Sale
$529,987
3900 SE 17TH COURT, Ocala, FL 34480
Every residence has remodeled interiors, alongside a new roof, fresh exterior paint, and professional management.
Property Size3,233 SF
Price / SF$163.93
Days on Market13
Property Features for 3900 SE 17TH COURT
General Information
Standard status
Active
Size
3,233 SF
Property subtype
Residential Income
Zoning
R3
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,626
Amenities
High Ceilings
Building Details
Building Size
3,233 SF
Year Built
1981
Listed By:
AYMEE CEPEDA
(352) 225-1163
Source:
Enablepropertiesgnv
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 3:35AM
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 AYMEE CEPEDA
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Investment Insights
Based on property information with market context.
This 3,233-square-foot quadplex, built in 1981, contains four residences: one 1-bedroom/1-bathroom unit, two 2-bedroom/1-bathroom units, and one 3-bedroom/2-bathroom unit. All four interiors have been remodeled. The property also has a 2026 roof, refreshed exterior paint, and professional management in place. It is zoned R3.
At 3900 SE 17th Court in Ocala, the property is just off the SE 17th Street corridor. Downtown Ocala’s historic square, shopping, dining, medical centers, Baseline Road, and I-75 are among the nearby destinations and routes. Silver Springs State Park and the Ocala National Forest are also a short drive away. The property is zoned for Forest High School.
At 3900 SE 17th Court in Ocala, the property is just off the SE 17th Street corridor. Downtown Ocala’s historic square, shopping, dining, medical centers, Baseline Road, and I-75 are among the nearby destinations and routes. Silver Springs State Park and the Ocala National Forest are also a short drive away. The property is zoned for Forest High School.
Key Highlights
- Four units: one 1BR/1BA, two 2BR/1BA, and one 3BR/2BA
- 3,233 square feet; built in 1981
- All four residences have remodeled interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,985
Cap Rate
8.87%
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 8.87%
Second Best
Multifamily LT 5
$667.5K
$584.1K – $778.8K
NOI $46,726 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.77M
$1.54M – $2.06M
NOI $123,582 @ 7.0% cap · market cap 23.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Every residence has remodeled interiors, alongside a new roof, fresh exterior paint, and professional management.
Where is this quadplex located?
The property is located at 3900 SE 17TH COURT Ocala, FL.
What is the asking price?
The asking price for this property is $529,987.
What are key features of this property?
This property features: Four units: one 1BR/1BA, two 2BR/1BA, and one 3BR/2BA; 3,233 square feet; built in 1981; All four residences have remodeled interiors
