| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 28th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2802 NE 4th Ct, Ocala, FL, 34470, US |
| Region / Metro | Ocala |
| Year of Construction | 1982 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2802 NE 4th Ct, Ocala FL Multifamily Investment
Neighborhood occupancy is strong and renter demand is durable for smaller assets in Ocala according to WDSuite s CRE market data this location offers stable fundamentals with room for operational upside.
The property sits in an Inner Suburb of Ocala with an A neighborhood rating, placing it in the top quartile among 113 metro neighborhoods. According to WDSuite s commercial real estate analysis, neighborhood occupancy trends are healthy (around the mid-90% range and above the national median), supporting income stability for well-managed multifamily assets.
Renter-occupied housing represents a meaningful share of units locally (about 45%), indicating a deep tenant base that can support leasing and renewal activity. Within a 3-mile radius, households have grown over the past five years and are projected to increase further, expanding the potential renter pool; smaller projected household sizes also suggest steady demand for professionally managed apartments.
Everyday amenities are convenient by Ocala standards, with grocery, pharmacy, and dining options nearby; however, park access is limited within the neighborhood, which may modestly influence lifestyle appeal for some residents. The local housing market shows elevated ownership costs relative to incomes compared with many U.S. neighborhoods, which tends to keep reliance on rental options stable; at the same time, rent-to-income levels here are generally manageable, aiding resident retention and lease performance.
Built in 1982, the asset is slightly newer than the neighborhood s average vintage (1980). For investors, that typically means competitive positioning versus older stock, while still planning for modernization of systems and finishes to capture value-add potential and support rent growth over time.
Safety conditions in this neighborhood are mixed relative to Ocala overall. Based on WDSuite s data, the area ranks below many local neighborhoods on crime (ranked toward the lower end among 113 metro neighborhoods), but recent trends show improvement with year-over-year declines in both property and violent offenses. Nationally, the safety profile is mid-tier, suggesting investors should underwrite with prudent security and lighting measures and monitor trendlines rather than relying on block-level assumptions.
Regional employment is diversified, and proximity to established corporate operators supports commute convenience for the renter base. Notable nearby employer includes:
- Waste Management environmental services (30.0 miles)
2802 NE 4th Ct offers a 21-unit footprint in an Ocala Inner Suburb where neighborhood occupancy is strong and renter concentrations provide a reliable leasing funnel. Built in 1982, the property is slightly newer than local averages, suggesting competitive positioning versus older stock while leaving room for targeted renovations. According to CRE market data from WDSuite, the neighborhood s occupancy performance sits in the upper tiers nationally, and 3-mile trends point to increasing households and a larger tenant base that can support stable cash flows.
Operationally, limited park access and a safety profile that trails stronger parts of the metro warrant thoughtful property management, resident engagement, and security planning. Still, manageable rent-to-income dynamics locally help retention, and elevated ownership costs relative to incomes reinforce reliance on rental housing, supporting steady demand through cycles.
- Strong neighborhood occupancy and renter depth underpin leasing stability.
- 1982 vintage offers value-add/modernization potential versus older competing stock.
- 3-mile household growth and smaller household sizes expand the tenant base.
- Ownership costs elevated relative to incomes support ongoing demand for rentals.
- Risk: Safety metrics trail stronger Ocala subareas; proactive management and security are important.