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    Tenant-Occupied 5+ Multifamily Title is generated by Realmo AI

    5651 SE 33RD COURT, Ocala, FL 34480

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    For Sale
    $85,999

    Multi-Family 5+ - OCALA, FL

    Property size:
    1,296 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $66/SF
    Added:
    Feb 18, 2026
    Days on Market:
    105
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 5651 SE 33RD COURT

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R4
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Pets allowed
    Cats OK, Dogs OK
    Interior features
    Ceiling Fans(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    3582-177-002
    Size
    1,296 SF
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1340.99

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1970
    Number of units
    1
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Lynch
    Brian Lynch

    Listing agent Brian Lynch License #3543723

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Feb 18, 2026

    MLS# TB8478427 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Now offered at $85,999 (price improvement).
    • Tenant‑occupied income‑producing property with established rental income in place.
    • Year built 1970 with metal siding exterior and a metal roof.
    • Heating: electric; cooling includes ductless and multi units.
    • Fenced property with ceiling fans and 4 bedrooms (Bedroom 1–4).

    Overview

    This is a tenant-occupied 5+ multifamily/residential income property offered for sale in Ocala. The site consists of approximately 0.36 acres, and the property size is listed as 1,296 square feet. The current offering is positioned as income in place, with the seller describing it as part of a larger 9-property investment portfolio. Buyers may be able to acquire the property individually or alongside additional assets from the same portfolio.

    The property is located at 5651 SE 33rd Court in Marion County, Florida, under R4 zoning. The seller’s remarks also highlight Central Florida connectivity, including access to I-75 and approximate travel times to Orlando International Airport, Daytona Beach, and Clearwater Beach.

    For investors seeking a workforce housing-oriented multifamily holding, the practical appeal here is acquiring an income-producing, tenant-occupied asset with flexibility to manage long-term operations. The seller also frames the property as suitable for a hold-and-enhance approach or a long-term land-bank strategy, with any future rent optimization or repositioning to be verified by the buyer through applicable zoning and land-use considerations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.089624
    Latitude
    29.130198

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    FAQs

    What type of property is this?
    Apartment building - R4 zoned, tenant-occupied multifamily asset in Ocala with rental income already in place.
    Where is this apartment building located?
    The property is located at 5651 SE 33RD COURT Ocala, FL.
    What is the asking price?
    The asking price for this property is $85,999.
    What are key features of this property?
    This property features: Now offered at $85,999 (price improvement).; Tenant‑occupied income‑producing property with established rental income in place.; Year built 1970 with metal siding exterior and a metal roof.
    (267) 312-2889
    We can help!
    Listing Contact
    Brian Lynch
    Brian Lynch
    Real Estate License ID: 3543723
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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