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$460,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.36 Acres
  • Updated 8 days ago
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Discover an exceptional investment opportunity with this fully leased quadruplex, offering four clean and inviting 1-bedroom, 1-bath units. Each residence has been refreshed with light updates, giving the interiors a bright, tidy feel that tenants love- and investors appreciate. This property delivers immediate stability and long-term value with a strong annual net income of $50,400. Every unit is already rented, making this a true turnkey, income-producing asset from day one. The building sits on a well-maintained lot with solid construction and practical updates that help reduce ongoing maintenance and support consistent occupancy. Whether you're growing your portfolio or searching for your next reliable cash-flow generator, this asset checks the important boxes: condition, stability, and performance. Opportunities like this are rare - a refreshed quadruplex with proven income and zero vacancy. The work is done; the returns are already in motion.

Full Property Details for 506 NE 28th Ave

General

  • Price: $460,000
  • Taxes: $4,345 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6362268
  • Updated: 1/8/2026
  • Added to Site: 51 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Exterior Features: Other

Location

  • Area: 34470 - Ocala
  • County: Marion
  • Development Name: 34470 - Ocala
  • Subdivision: FRENCH ESTATE
  • Driving Directions: Head east on Silver Springs Blvd, turn left onto NE 36th Ave, then right onto NE 28th Ave and follow it south to 506.

Community

  • Community Name: 34470 - Ocala

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Stucco
  • Roof: Metal
  • Square Feet: 2,100
  • Sq. Ft. Source: Appraiser
  • Year Built: 1979

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Size (Sq. Ft.): 15,682
  • Lot Size: 15682
  • Lot Dimensions: 125 x 125
  • Street/Road Desc.: Asphalt, Concrete

Financial Considerations

  • Tax Amount: $4,345.96
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: SEC 15 TWP 15 RGE 22 PLAT BOOK C PAGE 034 FRENCH ESTATES BLK B LOTS 22.23.24.25.26
  • Flood Zone Info: X*
  • APN: 2780002022
  • Property ID: 2780002022
  • Block/Lot/Section: B

Listed by Safetynet Realty

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Listing agents

— 506 NE 28th Ave —

  • Safetynet Realty

  • Safetynet Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 506 NE 28th Ave

School District:Marion County School District
NameGradesDistance
Wyomina Park Elementary School
511 Northeast 12th Avenue, Ocala, FL 34470
PK-51.4 mi
Fort King Middle School
545 Northeast 17th Avenue, Ocala, FL 34470
6-80.9 mi
Vanguard High School
7 Northwest 28th Street, Ocala, FL 34475
9-122.9 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 506 NE 28th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$460,000
-3.16%
MLS
11/26/2025
Listed
$475,000
48.44%
MLS
4/21/2025
Sold
$320,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 NE 28th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,658
7%
$188,104
10%
2024
$4,346
8%
$171,004
10%
2023
$4,036
28%
$155,458
-1%
2022
$3,146
-15%
$157,080
17%
2021
$3,687
—
$134,640
10%
2021
$3,687
109%
$122,400
27%
2018
$1,762
8%
$96,526
10%
2017
$1,627
9%
$87,751
10%
2016
$1,498
-24%
$79,774
-25%
2019
$1,963
43%
$106,179
46%
2015
$1,377
9%
$72,522
2%
2014
$1,265
10%
$70,910
10%
2013
$1,149
—
$64,464
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Safetynet Realty

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506 NE 28th Avenue, Ocala, FL 34470 (MLS# O6362268) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 506 NE 28th Avenue is currently listed for $460,000 and was received on November 26, 2025. Want to learn more about 506 NE 28th Avenue? 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.

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