Remodeled
New
For Sale
$529,987
3900 SE 17TH, Ocala, FL 34480
Updated finishes throughout the four residences, with professional management already in place.
Property Size3,233 SF
Days on Market2
Property Features for 3900 SE 17TH
General Information
Standard status
Active
Size
3,233 SF
Property subtype
Investment
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
Building Details
Building Size
3,233 SF
Year Built
1981
Listed By:
Cody Becker
(941) 735-6305
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 2:11PM
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 Cody Becker
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Investment Insights
Based on property information with market context.
Built in 1981, this four-unit property has a mix of one 1-bedroom/1-bath residence, two 2-bedroom/1-bath residences, and one 3-bedroom/2-bath residence. All units have been remodeled with updated finishes. The building also has a new 2026 roof and recently painted exterior, and professional management is in place.
The property is at 3900 SE 17th in Ocala, near the SE 17th Street corridor. Downtown Ocala’s historic square, medical centers, shopping, and dining are within the surrounding area. Baseline Road and I-75 provide nearby route access. Silver Springs State Park and the Ocala National Forest are also a short drive away. The property is zoned for Forest High School.
The property is at 3900 SE 17th in Ocala, near the SE 17th Street corridor. Downtown Ocala’s historic square, medical centers, shopping, and dining are within the surrounding area. Baseline Road and I-75 provide nearby route access. 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‑unit mix: one 1BR/1BA, two 2BR/1BA, and one 3BR/2BA
- All residences remodeled with updated finishes
- New 2026 roof and fresh exterior paint
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.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
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 - Updated finishes throughout the four residences, with professional management already in place.
Where is this quadplex located?
The property is located at 3900 SE 17TH 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‑unit mix: one 1BR/1BA, two 2BR/1BA, and one 3BR/2BA; All residences remodeled with updated finishes; New 2026 roof and fresh exterior paint
