Turnkey Renovated
For Sale
$579,000
5395 SE 30th Place Unit ALL UNITS, Ocala, FL 34480
Fully renovated quadplex with four 2-bedroom, 2-bath units, a 2005 roof, and in-unit washer-dryer hookups.
Property Size3,417 SF
Price / SF$169.45
Days on Market152
Property Features for 5395 SE 30th Place Unit ALL UNITS
General Information
Standard status
Active
Size
3,417 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Building Details
Year Built
1985
Listing Agency:
WALDEN & CO REALTY LLC
Listed By:
Maria Walden · License #3331161
(561) 644-2353
Source:
Realtygroupfl
Added: Apr 6
Changed: Sep 3
Last Checked: Sep 2 at 8:00PM
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 WALDEN & CO REALTY LLC
Investment Insights
Based on property information with market context.
This turnkey renovated quadplex offers four spacious 2-bedroom, 2-bath units. Updates include modern quartz countertops, updated light fixtures, and stainless steel appliances. Each unit has washer and dryer hookups, and tenants supply their own washer and dryers. The property is supported by central AC and heat, and it features a 2005 roof. Utilities are separately metered with four electric meters (City of Ocala) and four water meters (Marion utilities). A shared septic serves the property, and tenants reimburse $41 per month for trash and septic maintenance.
The community configuration includes private courtyard patios for each unit, and the property backs up to a wooded area. Two units are currently vacant to support easier tours, while two units are tenant-occupied; a rent roll is available upon request.
For buyers seeking a ready-to-operate residential income asset, this quadplex provides a consistent four-unit layout with individually metered electric and water, plus separate tenant patio space.
The community configuration includes private courtyard patios for each unit, and the property backs up to a wooded area. Two units are currently vacant to support easier tours, while two units are tenant-occupied; a rent roll is available upon request.
For buyers seeking a ready-to-operate residential income asset, this quadplex provides a consistent four-unit layout with individually metered electric and water, plus separate tenant patio space.
Key Highlights
- Fully renovated 4‑plex built in 1985 with four 2‑bedroom, 2‑bath units
- 2005 roof plus updated kitchen finishes including quartz countertops, updated light fixtures, and stainless steel appliances
- Central AC and heat; each unit has washer and dryer hookups
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
$49,659
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
8.58%
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%
$993,180
$993.2K
Cap Rate 7%
$709,414
$709.4K
Cap Rate 9%
$551,767
$551.8K
Market Conditions
NOI Build-Up for 3,417 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
$96.4K $28.20/SF
− Vacancy
−$6.1K −$1.78/SF
EGI
$90.3K $26.42/SF
− OpEx
−$40.6K −$11.89/SF
NOI
$49.7K $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%
$993,180
Cap Rate 7%
$709,414
Cap Rate 9%
$551,767
Alternative Uses
Best Use
Apartment 5plus
$709.4K
$620.7K – $827.7K
NOI $49,659 @ 7.0% cap · market cap 8.58%
Second Best
Multifamily LT 5
$705.5K
$617.3K – $823.1K
NOI $49,385 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,616 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
187
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 - Fully renovated quadplex with four 2-bedroom, 2-bath units, a 2005 roof, and in-unit washer-dryer hookups.
Where is this quadplex located?
The property is located at 5395 SE 30th Place Unit ALL UNITS Ocala, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Fully renovated 4‑plex built in 1985 with four 2‑bedroom, 2‑bath units; 2005 roof plus updated kitchen finishes including quartz countertops, updated light fixtures, and stainless steel appliances; Central AC and heat; each unit has washer and dryer hookups
