| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 21st | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4247 NW 22nd Ave, Ocala, FL, 34475, US |
| Region / Metro | Ocala |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4247 NW 22nd Ave Ocala Multifamily Investment
Positioned in a renter-supportive pocket of Ocala with a meaningful share of renter-occupied housing, this asset offers defensive cash-flow potential with room to improve through thoughtful operations. Neighborhood occupancy trends and rent levels are moderate according to WDSuite’s CRE market data, underscoring the importance of pricing and retention strategy.
The property sits in a Rural-rated neighborhood (B) that is competitive among Ocala’s 113 neighborhoods (ranked 52), offering a practical balance of livability and value for workforce households. Groceries, parks, and pharmacies score above regional norms (national percentiles roughly in the 60s–70s), while cafes and restaurants are thinner, which is typical for lower-density submarkets.
Renter-occupied housing represents a substantive share of the local stock (neighborhood metric), signaling depth in the tenant base for multifamily investors and supporting leasing consistency. At the same time, overall housing occupancy in the neighborhood trails national norms, so asset-level performance will depend on active leasing, unit readiness, and renewal management to sustain stability.
Within a 3-mile radius, demographics point to a gradually expanding renter pool: recent population and household counts have grown, and forecasts indicate further increases in households alongside smaller average household size. This combination typically supports steady demand for professionally managed units and can help smooth turnover when paired with disciplined operations.
Home values in the immediate neighborhood sit on the lower end nationally, which can introduce some competition from ownership options. For investors, this means leasing strategy should emphasize convenience, move-in readiness, and professional management to maintain pricing power and retention, particularly as rent-to-income levels suggest manageable affordability pressure relative to many markets.
Vintage context: built in 1986, the asset is newer than the neighborhood’s average housing stock (late 1970s). That positioning can be advantageous versus older comparables, though investors should plan for selective system updates or modernization to sustain competitiveness.
Safety indicators for the neighborhood are mixed relative to the metro and nation. The neighborhood’s crime rank is toward the weaker end among 113 Ocala neighborhoods, indicating conditions below the metro average. However, year-over-year trends show improvement, with both violent and property offenses decreasing, which supports a more stable backdrop for operations if the trend continues.
Nationally, the neighborhood’s safety profile sits below mid-pack, but the recent declines in estimated violent offenses (strong improvement) and reductions in property offenses are constructive signals. Investors should underwrite with standard precautions—professional lighting, access control, and resident engagement—while monitoring local trendlines over subsequent reporting periods.
The area’s employment base skews toward regional service and industrial operators, supporting workforce housing demand. Nearby, the following employer presence contributes to commuter flows that can aid retention when paired with convenient access.
- Waste Management — environmental services (31.6 miles)
This 21-unit, 1986-vintage property offers a practical entry point into Ocala with exposure to a renter-occupied neighborhood and a growing 3-mile household base that can support occupancy continuity. Based on CRE market data from WDSuite, neighborhood amenities such as groceries, parks, and pharmacies are comparatively accessible for a rural setting, while overall housing occupancy runs softer—making lease management, unit quality, and renewals central to performance.
The asset’s vintage is newer than much of the surrounding housing stock, which can help competitive positioning versus older comparables. At the same time, relatively accessible home values imply potential competition from ownership, so strategy should emphasize convenience, professional management, and selective upgrades to sustain pricing power and retention as household growth and smaller household sizes expand the local renter pool.
- Exposure to a renter-occupied neighborhood with a growing 3-mile household base supporting tenant demand
- 1986 vintage provides relative edge versus older area stock; targeted modernization can further enhance competitiveness
- Amenity access (groceries, parks, pharmacies) is stronger than typical for a rural setting, aiding day-to-day livability
- Risk: neighborhood-level housing occupancy is softer than national norms—active leasing and renewals are pivotal
- Risk: more accessible ownership options can compete with renting—position on convenience, condition, and service