Income-producing four-unit multifamily property with value-add potential in Ocala. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units.
• Unit #34: Approximately 70% remodeled and leased for $980 per month; lease began September 1, 2026
• Unit #36: Vacant and fully remodeled
• Unit #38: Approximately 70% remodeled and leased for $1,250 per month; lease began March 1, 2025
• Unit #40: Currently being remodeled
Major improvements include a NEW ROOF completed in 2025, continued property maintenance and weekly landscaping service. Tenants pay electricity, sewer and trash, while the owner pays water, averaging approximately $120 per month. No HOA. An excellent opportunity for current rental income with additional upside through completed renovations, leasing the vacant units and future rent adjustments. Some photos have been virtually staged for illustrative purposes.
Features
2695 sq. ft. floor area
crop_free10019 sq. ft. lot size
cottageDuplex
Property history for 34 Northwest 21st Place
2010
Sold
$22,566
26 Apr 2010 by Susan L. Williams, of COLDWELL BANKER ELLISON REALTY O
Happy sellers in Ocala
89%
sentiment_very_satisfied
89% of sellers in Ocala reported that their sale price either exceeded or met their price expectations.
Ocala stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 7 reviews in Ocala over the last 12 months.
Local market activity for duplexes in Ocala
Sold
For Sale
View the listing for inspection times, agent contact details, and more.