| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 25th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 802 SW 19th Avenue Rd, Ocala, FL, 34471, US |
| Region / Metro | Ocala |
| Year of Construction | 1984 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
802 SW 19th Avenue Rd Ocala Multifamily Investment
Neighborhood occupancy is elevated and renter concentration is deep, supporting durable demand at the submarket level, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood rather than the property itself.
Located in Ocala’s inner-suburb fabric, the property benefits from a neighborhood that is competitive among Ocala neighborhoods for everyday amenities. Cafes, groceries, and restaurants rank well versus the metro (each within the stronger third of the 113-neighborhood set), helping support resident convenience and leasing appeal.
Neighborhood multifamily occupancy is in the top quartile nationally, which typically supports steadier cash flows and lower downtime between turns. Renter-occupied share in the neighborhood is high, indicating a sizable tenant base and depth of demand for rental housing; this is a neighborhood statistic, not a property metric.
The asset’s 1984 vintage is slightly newer than the neighborhood’s average construction year. That positioning can be competitive versus older stock, while still warranting targeted capital plans for systems, interiors, and curb appeal to meet current renter expectations and drive retention.
Within a 3-mile radius, recent population and household growth have expanded the renter pool, and forecasts point to additional increases in households alongside smaller average household sizes. These dynamics generally support occupancy stability and leasing velocity for well-managed assets.
Homeownership costs are variable in this part of the metro, and neighborhood rent-to-income readings signal some affordability pressure. For investors, that argues for attentive lease management and amenity-driven retention strategies to sustain pricing power while mitigating turnover risk. Note that park and pharmacy access is thinner than other amenities, an operational consideration for positioning and resident services.
Safety indicators for the neighborhood are mixed. The area sits below the metro average for safety (ranked 84 out of 113 Ocala neighborhoods), yet it performs modestly above the national midpoint (around the 53rd percentile compared with neighborhoods nationwide). Year over year, both violent and property offense estimates have improved materially, suggesting a constructive trend that investors can monitor as part of underwriting assumptions.
Regional employment is diversified, and proximity to corporate operations supports commute convenience for workforce renters. Nearby anchors noted below can contribute to steady tenant demand.
- Waste Management — waste services corporate offices (28.3 miles)
This 34-unit asset benefits from a neighborhood with top-quartile national occupancy and a high share of renter-occupied housing, supporting depth of tenant demand and potential lease-up resilience. Within a 3-mile radius, population and household growth—paired with a trend toward smaller household sizes—points to a larger renter pool, which can aid retention and stabilize collections, based on commercial real estate analysis from WDSuite.
Built in 1984, the property is slightly newer than the neighborhood average, creating scope to outperform older comparables with targeted upgrades while planning for systems modernization typical of its vintage. Neighborhood rent-to-income readings indicate some affordability pressure, underscoring the importance of measured rent setting and amenity-driven retention to sustain occupancy and reduce turnover volatility.
- Neighborhood occupancy ranks in the stronger national tier, supporting cash flow stability.
- High renter-occupied share indicates depth of tenant demand for multifamily units.
- 1984 vintage offers value-add and modernization levers to improve competitive positioning.
- 3-mile radius shows population and household growth, reinforcing the renter pool.
- Risks: affordability pressure (rent-to-income), selective amenity gaps, and mixed safety relative to metro peers.