Updated Duplex with Central
812 SE 11TH Street Ocala, FL 34471
812 SE 11TH Street, Ocala, FL, 34471
$478,000
For Sale
$478,000
MULTI_FAMILY - OCALA, FL
Property Size1,848 SF
Lot Size0.24 Acres
Price / SF$258.66
Days on Market123
Property Features for 812 SE 11TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Thermostat
- Exterior features
- Private Mailbox
- Appliances
- Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 2908-003-006
- Size
- 1,848 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEC 20 TWP 15 RGE 22 PLAT BOOK B PAGE 210 PALMETTO PARK BLK 3 LOT 6 & 7 EXC THE W 15 FT OF LOT 7
- Tax Annual Amount
- 4150
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Flooring type
- Carpet
- Building materials
- Block, Stucco
- Roof type
- Shingle
Listing agency
HOMERUN REALTY
(352) 624-0935
Listed by
Dawn Padot
(352) 207-0005
Added: Mar 22 Updated: Jul 20 at 8:52PM Checked: Jul 22 at 2:06PM
MLS# OM721333
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.
Investment Insights
Based on property information with market context.
This updated duplex at 812 SE 11TH Street was originally built in 1948 and converted to a duplex in 2000. The property contains two separate units, each offering 2 bedrooms and 2 bathrooms with approximately 924 square feet of living space per unit. Both units are described as well maintained and were updated with brand-new central heat and air systems in 2025.
Set on a 0.24-acre lot and listed under R2 zoning, the duplex is located in the historic area of Palmetto Park near downtown Ocala. The public remarks note convenience to 8th Street Elementary and Osceola Middle School within walking distance.
Current rental performance is reported at $3,100 per month total, with each unit rented at $1,550 per month.
Set on a 0.24-acre lot and listed under R2 zoning, the duplex is located in the historic area of Palmetto Park near downtown Ocala. The public remarks note convenience to 8th Street Elementary and Osceola Middle School within walking distance.
Current rental performance is reported at $3,100 per month total, with each unit rented at $1,550 per month.
Key Highlights
- Income‑producing duplex currently generating $3,100/month; both units rent for $1,550 each
- Duplex originally built in 1948 and converted to a duplex in 2000
- Each unit features 2 bedrooms, 2 bathrooms, and approximately 924 SF of living space
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.1k | $28.20 |
| − Vacancy | −$3.3k | −$1.78 |
| EGI | $48.8k | $26.42 |
| − OpEx | −$22.0k | −$11.89 |
| NOI | $26.9k | $14.53 |
1,848 SF · lease $28.20/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$383.7K
$335.7K – $447.6K
NOI $26,857 @ 7.0% cap · market cap 5.62%
Second Best
Multifamily LT 5
$381.6K
$333.9K – $445.2K
NOI $26,709 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.01M
$883.0K – $1.18M
NOI $70,640 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-bedroom, two-bath duplex units updated with central heat and air systems installed in 2025.
Where is this duplex located?
The property is located at 812 SE 11TH Street Ocala, FL.
What is the asking price?
The asking price for this property is $478,000.
What are key features of this property?
This property features: Income‑producing duplex currently generating $3,100/month; both units rent for $1,550 each; Duplex originally built in 1948 and converted to a duplex in 2000; Each unit features 2 bedrooms, 2 bathrooms, and approximately 924 SF of living space
