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$625,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Units
  • 0.35 Acres
See This Home
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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!

Full Property Details for 1023 NE 2nd St #1

General

  • Sold For: $625,000
  • Taxes: $9,113 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: OM709865
  • Added to Site: 119 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo, PrimaryBedroom Upstairs

Rooms

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Fenced

Location

  • Area: 34470 - Ocala
  • County: Marion
  • Development Name: 34470 - Ocala
  • Subdivision: OAK PARK CALDWELLS ADD
  • Driving Directions: Take Exit 352 for FL-40 / Silver Springs Blvd toward Ocala. Head east on SR-40 / W Silver Springs Blvd (toward downtown Ocala). You’ll stay on this road for about 5 miles. Turn left onto NE 11th Ave. Go about 0.2 miles, then turn right onto NE 2nd St. Drive a few blocks — 1023 NE 2nd St will be on your left.

Community

  • Community Name: 34470 - Ocala

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block
  • Roof: Shingle
  • Square Feet: 4,020
  • Sq. Ft. Source: Public Records
  • Living Area: 4,020 Sq. Ft.
  • Year Built: 1978

Lot Features

  • Lot Size (Acres): 0.35
  • Lot Size (Sq. Ft.): 15,246
  • Lot Size: 15246
  • Lot Dimensions: 200 x 77
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $9,113.77
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: SEC 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
  • Flood Zone Info: X
  • APN: 2834003008
  • Property ID: 2834003008
  • Block/Lot/Section: C

Meet the selling agent

Meet the selling agent
— 1023 NE 2nd St #1 —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1023 NE 2nd St #1

School District:Marion County School District
NameGradesDistance
Wyomina Park Elementary School
511 Northeast 12th Avenue, Ocala, FL 34470
PK-50.3 mi
Fort King Middle School
545 Northeast 17th Avenue, Ocala, FL 34470
6-80.7 mi
Vanguard High School
7 Northwest 28th Street, Ocala, FL 34475
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1023 NE 2nd St #1

Date
Details
Price
Change
Source
10/13/2025
Sold
$625,000
-3.85%
MLS
9/19/2025
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced near 1023 NE 2nd St #1

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Recent Sales near 1023 NE 2nd St #1

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1557 SE 7th St, Ocala, FL 34471 - Photo 1 Sold
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1023 NE 2nd Street #1, Ocala, FL 34470 (MLS# OM709865) is a Multi-Family property that was sold at $625,000 on October 13, 2025. This property was sold by Edward Johnston from our Winter Park Office.Want to learn more about 1023 NE 2nd Street #1? Do you have questions about finding other Multi-Family real estate for sale in Ocala? You can browse all Ocala real estate or contact a Coldwell Banker agent to request more information.