| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 31st | Fair |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2950 NE 14th St, Ocala, FL, 34470, US |
| Region / Metro | Ocala |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | 2013-03-01 |
| Transaction Price | $1,337,500 |
| Buyer | Magnolia Trace, LLC |
| Seller | PBE Companies, LLC |
2950 NE 14th St, Ocala Multifamily Investment
Neighborhood occupancy has trended upward with a high share of renter-occupied units, suggesting durable tenant depth for a 48‑unit asset, according to WDSuite’s CRE market data. Positioning focuses on steady demand over rent spikes in an inner-suburban pocket of Ocala.
This Inner Suburb neighborhood ranks 13 out of 113 in the Ocala metro, placing it competitive among Ocala neighborhoods. Local fundamentals indicate practical renter convenience: strong access to daily-needs retail (grocery and pharmacy options rank near the top of the metro) and a solid restaurant mix, while café density is limited. School ratings in the area trend below national medians, which can tilt demand toward workforce and value-conscious renters rather than school‑driven households.
The neighborhood’s housing stock skews slightly newer than this property: average construction is from 1981, while the asset was built in 1972. For investors, the earlier vintage points to potential value‑add through interior updates and systems modernization, balanced against ongoing capital planning to maintain competitiveness versus newer stock.
Renter concentration at the neighborhood level is high (renter-occupied share sits among the top cohorts metro‑wide), which supports a deep tenant base and leasing stability. Neighborhood occupancy has improved over the past five years, reinforcing a baseline of demand; these figures describe the neighborhood, not the property.
Within a 3‑mile radius, population and households have grown in recent years, with forecasts calling for additional population growth and a notable increase in households alongside smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability for mid‑size assets. Home values in the area sit below national midpoints, which can create some competition from entry‑level ownership; however, rent‑to‑income levels in the neighborhood are moderate, a profile that can aid renewal retention and disciplined rent steps based on commercial real estate analysis from WDSuite.
Safety signals are mixed but improving. Overall crime performance sits slightly above the national median, and violent‑offense rates track below national midpoints; both property and violent offense measures have shown meaningful year‑over‑year declines, with improvements ranking among stronger movers nationwide. These metrics are neighborhood‑level indicators rather than property‑specific.
Compared with other parts of the Ocala metro (113 neighborhoods total), recent downward trends suggest the area is becoming more competitive on safety. Investors should still budget for common‑area lighting, access control, and partnership with professional security practices to sustain these gains and support tenant retention.
Regional employment access skews toward diversified services; proximity to Waste Management supports blue‑collar and operations workforce demand consistent with workforce housing profiles.
- Waste Management — environmental services (27.8 miles)
This 48‑unit 1972 vintage property aligns with steady, workforce‑oriented demand drivers: a neighborhood with improving occupancy, high renter concentration, and convenient daily‑needs amenities. Within a 3‑mile radius, population growth and a projected increase in households point to a larger tenant base and support for stable leasing. According to CRE market data from WDSuite, neighborhood rent levels relative to income are manageable, which can help sustain renewals while leaving room for targeted value‑add premiums.
The earlier vintage versus the area’s 1980s average suggests practical upside via interior refreshes and system upgrades to narrow the gap with newer competition. Key watch‑items include property‑crime exposure (despite recent declines), school ratings that may limit appeal to some family renters, and potential competition from relatively accessible ownership options; each can be managed through asset positioning, amenity investments, and disciplined leasing strategy.
- Neighborhood demand: improving occupancy and high renter-occupied share support a deep tenant base
- Value‑add path: 1972 vintage offers renovation and systems‑upgrade upside versus newer stock
- 3‑mile growth: population and household expansion point to renter pool expansion and leasing stability
- Pricing power: moderate rent‑to‑income at the neighborhood level can support measured rent steps on renewal
- Risks: property‑crime exposure, lower school ratings, and ownership alternatives warrant active asset management