Well-Maintained Fourplex Income
For Sale
$515,000
5121 SE 30TH STREET, Ocala, FL 34480
Fourplex in the Whispering Sands community featuring long-term tenants and a well-maintained, turnkey setup.
Property Size3,066 SF
Price / SF$167.97
Days on Market18
Property Features for 5121 SE 30TH STREET
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Quadruplex
Amenities
0.33 acres, Dimensions: 100x145
Shingle
Septic Tank
Additional parcels description:, Parcel Number: 2972-002-016, Public Survey Range: 22E, Public Survey Section: 25, Annual Amount: $6,535.55, Tax Block: B, Tax Book Number: T-028WHISPER, Legal Description: SEC 25 TWP 15 RGE 22 PLAT BOOK T PAGE 028 WHISPERING SANDS UNIT 1 BLK B LOT 16, Lot: 16, Year: 2025, Zoning: R3
Gross Income: $52,800
Central Air
Central
Listing ID: MFRO6428231, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-07-26, 10 days on market, Special Conditions: None
6 total bedrooms
Built in 1980, Living area: 3066, Living area units: Square Feet, Levels: One, Construction Materials: Block, Concrete, Stucco
Subdivision: WHISPERING SANDS, MLS Area (Major): 34480 - Ocala, County/Parish: Marion
4 total bathrooms
Water Source: Public
Concrete Perimeter
Road Surface: Asphalt, Concrete
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
THE C SMITH REAL ESTATE GROUP LLC
(407) 705-7797
Listed By:
Gilles Durandisse · License #3357658
Source:
Miharaandassociates
Added: Jul 26
Changed: Aug 11
Last Checked: Aug 11 at 5:55AM
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 THE C SMITH REAL ESTATE GROUP LLC
Investment Insights
Based on property information with market context.
This well-maintained fourplex is positioned as an income-producing residential income property with long-term tenants in place. The offering is described as turnkey, supporting an investor-ready purchase.
Located in the Whispering Sands community of Ocala in Central Florida, the property is presented for sale at 5121 SE 30TH STREET, OCALA, FL 34480.
As a fourplex, the asset provides four residential units within a single property, offering a straightforward multifamily configuration suited to investors seeking an existing tenant base.
Located in the Whispering Sands community of Ocala in Central Florida, the property is presented for sale at 5121 SE 30TH STREET, OCALA, FL 34480.
As a fourplex, the asset provides four residential units within a single property, offering a straightforward multifamily configuration suited to investors seeking an existing tenant base.
Key Highlights
- Income‑producing fourplex in the Whispering Sands community of Ocala
- Year built: 1980
- Well‑maintained property with long‑term tenants
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
$44,558
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
8.65%
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%
$891,160
$891.2K
Cap Rate 7%
$636,543
$636.5K
Cap Rate 9%
$495,089
$495.1K
Market Conditions
NOI Build-Up for 3,066 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
$86.5K $28.20/SF
− Vacancy
−$5.4K −$1.78/SF
EGI
$81.0K $26.42/SF
− OpEx
−$36.5K −$11.89/SF
NOI
$44.6K $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%
$891,160
Cap Rate 7%
$636,543
Cap Rate 9%
$495,089
Alternative Uses
Best Use
Apartment 5plus
$636.5K
$557.0K – $742.6K
NOI $44,558 @ 7.0% cap · market cap 8.65%
Second Best
Multifamily LT 5
$633.0K
$553.9K – $738.5K
NOI $44,312 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,199 @ 7.0% cap · market cap 22.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
248
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in the Whispering Sands community featuring long-term tenants and a well-maintained, turnkey setup.
Where is this quadplex located?
The property is located at 5121 SE 30TH STREET Ocala, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Income‑producing fourplex in the Whispering Sands community of Ocala; Year built: 1980; Well‑maintained property with long‑term tenants
