$475,000
506 NE 28th Avenue Ocala, FL 34470
For Sale MLS# O6362268
16 beds 16 baths 2,100 sq ft Multi-family
Details for 506 NE 28th Avenue
MLS# O6362268
Description for 506 NE 28th Avenue, Ocala, FL, 34470
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.
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 16
Bathrooms: 16
Lot Size: 0.36 Acres
Square Feet: 2,100 sq ft
Year Built: 1979
Construction: Block,Stucco
Subdivision: French Estate
Foundation: Slab
Number Of Units Total: 4
County: Marion
Interior Features
Additional Interior Features: Ceiling Fan(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Connected,Sewer Connected,Water Connected
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Exterior / Lot Features
Roof: Metal
Lot Dimensions: 125x125
Additional Exterior/Lot Features: Other
Unit Information
Unit 1 Units Total: 4
Unit 1 Actual Rent: 1050
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 4
Unit 2 Actual Rent: 1050
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 3 Units Total: 4
Unit 3 Actual Rent: 1050
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 4 Units Total: 4
Unit 4 Actual Rent: 1050
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
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.
Financial Considerations
Terms: Cash,Conventional,FHA,Other,VA Loan
Tax/Property ID: 2780-002-022
Tax Amount: 4345.96
Tax Year: 2024
A broker reciprocity listing courtesy: SAFETYNET REALTY
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 506 NE 28th Avenue
Sales History
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| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 506 NE 28th Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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