1023 NE 2nd Street 1 Ocala, FL 34470
Sold
Listing Courtesy of: MLS LogoSTELLAR / Engel & Volkers Ocala - Contact:  352-820-4770

  1023 NE 2nd Street 1 Ocala, FL 34470

Sold on 10/13/2025
$625,000 (USD)

Description

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!

MLS #:
OM709865
Taxes
$9,114(2024)
Lot Size
0.35 acres
Type
Multifamily
Year Built
1978
County
Marion County

Listed By

Edward Barry, Engel & Volkers Ocala, Contact: 352-820-4770
Bought with
Edward Johnston, Coldwell Banker Residential Re
Source
STELLAR
Last checked Nov 30 2025 at 10:05 PM GMT+0000
Bathroom Details
Interior Features
  • Living Room/Dining Room Combo
  • Ceiling Fans(s)
  • Primarybedroom Upstairs
Subdivision
  • Oak Park Caldwells Add
Property Features
  • Foundation: Slab
Heating and Cooling
  • Central
  • Central Air
Exterior Features
  • Block
  • Roof: Shingle
Utility Information
  • Utilities: Cable Available, Public, Water Connected, Water Source: Public, Bb/Hs Internet Available, Electricity Available, Electricity Connected, Sewer Connected, Water - Multiple Meters
  • Sewer: Public Sewer
Living Area
  • 4,020 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 19, 2025
Listed
$650,000
-
-
Additional Information: Engel & Volkers Ocala | 352-820-4770
Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2025. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 11/30/25 14:05