Four-Unit Quadplex with
For Sale
$525,000
Pending
6101 SE FOSS ROAD, Belleview, FL 34420
Four separately metered residences offer two-bedroom layouts with recent HVAC and electrical improvements.
Property Size3,136 SF
Days on Market510
Property Features for 6101 SE FOSS ROAD
General Information
Standard status
Pending
Size
3,136 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,920
Building Details
Year Built
1982
Buildings
1
Listing Agency:
REDFIN CORPORATION
(407) 708-9747
Listed By:
William Larsen · License #3464144
(407) 538-9277
Source:
Exitrealty
Added: May 25, 2025
Changed: Oct 1
Last Checked: Oct 1 at 8:06AM
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 REDFIN CORPORATION
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Investment Insights
Based on property information with market context.
This 3,136-square-foot quadplex, built in 1982, contains four residential units, each arranged with two bedrooms and one bathroom. Separate utility meters serve the individual units. Recent property work includes three new HVAC units serving Units 1, 2, and 3, new AC ductwork throughout the building, and a new circuit breaker panel in Unit 2.
The property is located in Belleview, Florida. Professional mold remediation was completed a few months ago, followed by installation of all-new insulation after recent hurricanes. The combination of a four-unit configuration, separately metered residences, and documented building-system updates provides a clear overview of the asset’s current physical improvements.
The property is located in Belleview, Florida. Professional mold remediation was completed a few months ago, followed by installation of all-new insulation after recent hurricanes. The combination of a four-unit configuration, separately metered residences, and documented building-system updates provides a clear overview of the asset’s current physical improvements.
Key Highlights
- Four‑unit quadplex with 3,136 SF of total property size
- Each unit includes 2 bedrooms and 1 bathroom
- Separate utility meters serve all four units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,575
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,500
$911.5K
Cap Rate 7%
$651,071
$651.1K
Cap Rate 9%
$506,389
$506.4K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$88.4K $28.20/SF
− Vacancy
−$5.6K −$1.78/SF
EGI
$82.9K $26.42/SF
− OpEx
−$37.3K −$11.89/SF
NOI
$45.6K $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 Rate 5%
$911,500
Cap Rate 7%
$651,071
Cap Rate 9%
$506,389
Alternative Uses
Best Use
Apartment 5plus
$651.1K
$569.7K – $759.6K
NOI $45,575 @ 7.0% cap · market cap 8.68%
Second Best
Multifamily LT 5
$647.5K
$566.6K – $755.4K
NOI $45,324 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,874 @ 7.0% cap · market cap 22.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 34420, FL
17,969
Population
8,555
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
746
Density / Sq Mi
$52,551
Median Household Income
$34,599
Median Earnings
$909
Median Rent
$192,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered residences offer two-bedroom layouts with recent HVAC and electrical improvements.
Where is this quadplex located?
The property is located at 6101 SE FOSS ROAD Belleview, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,136 SF of total property size; Each unit includes 2 bedrooms and 1 bathroom; Separate utility meters serve all four units
