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OCALA, FL 34470 1023 NE 2ND STREET #1

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Presented By: ENGEL & VOLKERS OCALA with 352-820-4770. - 352-820-4770
  • MLS# OM709865
  • 09/19/2025
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  • SQFT • 4,020

Home Details

Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. Preapproval or proof of funds is required. Don’t miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!
Presented By: ENGEL & VOLKERS OCALA with 352-820-4770. - 352-820-4770

Interior Features for 1023 NE 2ND STREET #1

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesceiling fan(s), living room/dining room combo, primarybedroom upstairs
Laundry Featuresinside

General for 1023 NE 2ND STREET #1

Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Cityocala
Construction Materialsblock
Coolingcentral air
Countymarion
Directionstake exit 352 for fl-40 / silver springs blvd toward ocala. head east on sr-40 / w silver springs blvd (toward downtown ocala). youll stay on this road for about 5 miles. turn left onto ne 1
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
HOANo
Heatingcentral
Land Lease Y/NNo
Legal Descriptionsec 17 twp 15 rge 22 plat book a page 101 oak park caldwells add ocala blk c lot 8 & the s 10 ft of alleyway lying n of lot 8
Living Area Unitssquare feet
Lot Size Square Feet15246
Lot Size Unitssquare feet
MLS Area34470 - ocala
ModificationTimestamp2025-09-20t10:51:19.113z
New ConstructionNo
Number Of Units Total4
Ownershipfee simple
Property Subtypequadruplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Nameoak park caldwells add
Tax Annual Amount9113.77
Tax Lot8
Tax Year2024
Unit Number1
Utilitiesbb/hs internet available, cable available, electricity available, electricity connected, public, sewer connected, water - multiple meters, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1978
Zoningr3

Exterior for 1023 NE 2ND STREET #1

Exterior Amenitiesfenced
Foundation Detailsslab
Lot Dimensions200 x 77
Lot Size Acres0.35
Lot Size Area15246
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Water Meters4
Private PoolNo
Road Responsibilityprivate maintained road, public maintained road
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Silcock

Broker Owner
Price $650,000
MLS#OM709865
List Date 09/19/2025
Property Type Income
Phone 407.574.0218
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