| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 41st | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1825 NE 2nd St, Ocala, FL, 34470, US |
| Region / Metro | Ocala |
| Year of Construction | 1972 |
| Units | 46 |
| Transaction Date | 2018-11-06 |
| Transaction Price | $3,150,000 |
| Buyer | Florida Homes 5 LLC |
| Seller | Florida Homes 5, LLC, Private Investor, Shraga Peled, Price/unit and /sf |
1825 NE 2nd St, Ocala Multifamily Opportunity
Neighborhood-level data points to steady renter demand and competitive occupancy, according to WDSuite s CRE market data, supporting a durable income profile for a 46-unit 1972 vintage asset in Ocala.
This Inner Suburb location in Ocala (neighborhood rating: A) ranks 8th of 113 across the metro, indicating strong local fundamentals relative to peers. Amenity access is a clear strength: neighborhood metrics place cafes, groceries, and pharmacies among the top tiers locally (with national percentiles in the 80s–90s), which helps leasing velocity and day-to-day convenience for residents.
Rents in the neighborhood sit near national averages while remaining competitive within the Ocala metro, and the neighborhood occupancy rate is competitive among Ocala neighborhoods. Note that occupancy figures referenced here are measured for the neighborhood, not this property. With a rent-to-income profile that suggests manageable affordability pressure at the neighborhood level, investors can prioritize retention while selectively testing rent trade-offs during renewals.
Within a 3-mile radius, demographics show population growth and a rising household count over the past five years, with projections through 2028 indicating further gains and smaller average household sizes. For multifamily investors, this points to a larger tenant base and incremental support for occupancy stability and absorption over time.
Vintage at the neighborhood level averages roughly mid-1970s. At 1972, this asset is slightly older than average, which implies routine capital planning and potential value-add via renovations or common-area upgrades to strengthen competitive positioning against newer stock.
Two caveats: parks are limited in the immediate neighborhood, and average school ratings are low based on neighborhood-level metrics. These factors may matter for certain renter cohorts, though the strong amenity mix and proximity to daily needs can offset some of that in leasing.
Neighborhood safety indicators benchmark around the national midpoint overall, with property crime levels higher than national norms but showing recent improvement. Specifically, neighborhood ranks placed closer to the bottom half among 113 Ocala neighborhoods, while national percentiles suggest middle-of-the-pack conditions overall and improving year-over-year trends. Use these as directional, neighborhood-level metrics rather than block-specific measures.
For investors, the takeaway is risk management rather than avoidance: monitor security practices, lighting, and unit hardening as part of capital plans, and underwrite modest loss-to-lease and bad-debt assumptions consistent with neighborhood averages. The recent decline in both property and violent offense rates indicates momentum that can support leasing and retention if maintained.
The employment base features regional services that contribute to steady renter demand and commuting patterns; the list below highlights nearby corporate presence that can support leasing stability. The employer cited here reflects available distance-verified data.
- Waste Management — waste services (27.5 miles)
A 46-unit, 1972-vintage property in an A-rated Ocala neighborhood offers a pragmatic balance of stable renter demand and operational upside. Neighborhood occupancy is competitive among 113 Ocala neighborhoods, and rents benchmark near national averages, supporting a leasing strategy centered on retention with targeted rent optimization. According to CRE market data from WDSuite, strong amenity access and a manageable rent-to-income profile at the neighborhood level further reinforce demand durability.
The 1972 vintage implies ongoing capital planning needs but also value-add potential through interior updates and common-area improvements that can enhance positioning versus older local stock. Demographic trends within a 3-mile radius show population and household growth, pointing to a larger tenant base over time. Investors should underwrite with attention to neighborhood-level safety variability and limited parks while leveraging the area s amenity depth to support leasing.
- Competitive neighborhood occupancy supports income stability (neighborhood metric).
- Amenity-rich micro-location (cafes, groceries, pharmacies) aids leasing and retention.
- 1972 vintage presents value-add and modernization opportunities alongside routine capex.
- 3-mile demographics indicate population and household growth, expanding the renter base.
- Risks: neighborhood safety sits near national midrange with improving trend; limited parks may narrow some renter segments.