506 NE 28TH AVENUE Ocala, FL $ 460,000
506 NE 28TH AVENUE
$ 460,000
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506 NE 28TH AVENUE

Ocala, FL, 34470
$ 460,000
Bedrooms4 Baths4.0 Sq 2,100

Monthly Estimate*

$ 2,832

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Multi-Family Home for sale in Ocala, FL

for $460,000 with 4 bedrooms and 4 full baths. This 2,100 square foot home was built in 1979 on a lot size of 0.36.

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.

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Multi-Family Active

Price

$ 460,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,345

Style

Quadruplex

Lot Size

0.36

Year Built

1979

Town/City

Ocala

County/Region

Marion

MLS | Web ID

O6362268

Features
General
Sewer Public Sewer
Heating None
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Roof Metal
Zoning R3
Construction Materials Block Stucco
Year Built 1979
Property Subtype Quadruplex
Tax Year 2024
Ownership Fee Simple
County Marion
New Construction false
Property Type Residential Income
Subdivision Name FRENCH ESTATE
Garage Y/N false
Status Active
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.
City OCALA
Senior Community Y/N false
Number Of Units Total 4
MLS Area 34470 - Ocala
Lot Size Units Square Feet
Lot Size Square Feet 15682
Carport Y/N false
Listing Terms Cash Conventional FHA Other VA Loan
Land Lease Y/N false
Tax Annual Amount 4345.96
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6362268
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 22
Legal Description SEC 15 TWP 15 RGE 22 PLAT BOOK C PAGE 034 FRENCH ESTATES BLK B LOTS 22.23.24.25.26
Water Access Y/N false
Water View Y/N false
Flood Zone Code X*
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Interior
Interior Amenities Ceiling Fan(s)
Air Conditioning Y/N true
Heating Y/N false
Fireplace Y/N false
Laundry Features None
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Other
Water Source Public
Lot Size Area 15682
Foundation Details Slab
Number of Buildings 1
Building Area Total 2160
Lot Dimensions 125 x 125
Lot Size Acres 0.36
Road Surface Type Asphalt Concrete
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Safetynet Realty

Broker

Lorena@safetynetrealty.com

Email

Affordability Calculator

$3,194
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,832
Monthly Property Taxes
$362
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/8/2026$460,000 -3.16% Price Down
12/19/2025$475,000 Listed Price

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506 NE 28TH AVENUE, Ocala, FL, 34470 is a Multi-Family Home for sale at $460,000 with 2,100 sqft and a lot size of 0.36. 506 NE 28TH AVENUE has 4 bedrooms, 4.0 baths, and was built in 1979. The property's zip code is 34470 which is in Ocala, FL