Historic Four-Unit
New
For Sale
$899,000
728 E Fort King Street, Ocala, FL 34471
Four separate living areas each include a kitchen, bathroom, sitting space, and laundry.
Property Size4,885 SF
Price / SF$184.03
Days on Market4
Property Features for 728 E Fort King Street
General Information
Standard status
Active
Size
4,885 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Building Details
Year Built
1891
Listing Agency:
WALDEN & CO REALTY LLC
Listed By:
Maria Walden · License #3331161
(561) 644-2353
Source:
Realtygroupfl
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 28 at 8:28AM
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
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Investment Insights
Based on property information with market context.
Built in 1891, this 4,885-square-foot residence contains four distinct living spaces. Each has its own kitchen, bathroom, sitting area, and laundry. Interior details include wood floors, substantial trim, shuttered windows, arched openings, and a shared foyer with a wood staircase and wainscoting. The property also features a covered front porch, mature trees, a shaded backyard seating area, and paved drives alongside the home.
The property is at 728 E Fort King Street in Ocala, Florida. Its rental history includes vacation and seasonal use, as reported by the seller. Any future rental activity is subject to applicable local requirements.
The property is at 728 E Fort King Street in Ocala, Florida. Its rental history includes vacation and seasonal use, as reported by the seller. Any future rental activity is subject to applicable local requirements.
Key Highlights
- Four separate living spaces, each with a kitchen, bathroom, sitting area, and laundry
- 4,885 square feet; built in 1891
- Covered front porch and shaded backyard seating area beneath mature trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,993
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,860
$1.4M
Cap Rate 7%
$1,014,186
$1.0M
Cap Rate 9%
$788,811
$788.8K
Market Conditions
NOI Build-Up for 4,885 SF
Gross rent
$137.8K $28.20/SF
− Vacancy
−$8.7K −$1.78/SF
EGI
$129.1K $26.42/SF
− OpEx
−$58.1K −$11.89/SF
NOI
$71.0K $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%
$1,419,860
Cap Rate 7%
$1,014,186
Cap Rate 9%
$788,811
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$887.4K – $1.18M
NOI $70,993 @ 7.0% cap · market cap 7.90%
Second Best
Multifamily LT 5
$1.01M
$882.5K – $1.18M
NOI $70,602 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,730 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,439
Businesses Nearby
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Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
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 separate living areas each include a kitchen, bathroom, sitting space, and laundry.
Where is this quadplex located?
The property is located at 728 E Fort King Street Ocala, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four separate living spaces, each with a kitchen, bathroom, sitting area, and laundry; 4,885 square feet; built in 1891; Covered front porch and shaded backyard seating area beneath mature trees
