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Four-Unit Quadplex with Updated Unit
For Sale
$419,900

601 NE 28TH Ave, Ocala, FL 34470

Tenant-occupied property with mixed one- and two-bedroom layouts near downtown Ocala, shopping, and employment centers.

Property Size2,978 SF
Days on Market115

Property Features for 601 NE 28TH Ave

General Information

Standard status Active
Size 2,978 SF
Property subtype Investment
Occupancy 100%

Property Condition

Severity Repairs Needed
Evidence The exterior of the building could use paint and a little wood rot repair.

Units

Unit Mix 2 x 1BR/1BA, 2 x 2BR/1.5BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $4,665

Building Details

Building Size 2,978 SF
Year Built 1981
Tenancy Multi
Listing Agency:
Listed By: Joseph Egizio
Source: Elliman
Added: May 9 Changed: Aug 30 Last Checked: Aug 30 at 4:30PM

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 Joseph Egizio

Investment Insights

Based on property information with market context.

Built in 1981, this four-unit multifamily property includes two one-bedroom, one-bath units and two two-bedroom, one-and-a-half-bath units. All residences are occupied by tenants. Unit B has received interior updates, including refreshed kitchen and bathroom cabinetry, replacement appliances, and new paint. The roof was replaced in 2020. Exterior work remains, including painting and limited wood-rot repairs, and the property is offered as-is.

The property is located at 601 NE 28TH Ave in Ocala, near downtown, shopping, and employment hubs. On-site parking includes six resident spaces along with a guest parking area. Showings are coordinated with tenants after an accepted contract. Existing property management may remain in place, according to the property information.

Key Highlights

  • Four‑unit configuration with two 1/1s and two 2/1.5s
  • Roof replacement completed in 2020
  • Unit B updated with new cabinets, appliances, and paint

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service Tanning Salon Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,034
Businesses Nearby

Demographics for 34470, FL

20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Tenant-occupied property with mixed one- and two-bedroom layouts near downtown Ocala, shopping, and employment centers.
Where is this quadplex located?
The property is located at 601 NE 28TH Ave Ocala, FL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Four‑unit configuration with two 1/1s and two 2/1.5s; Roof replacement completed in 2020; Unit B updated with new cabinets, appliances, and paint
More about this property
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