Listing provided courtesy of EXP REALTY LLCas Distributed by MLSGrid- MLS# MFRTB8498918MLS Provider

2950 SE 53RD COURTOCALA, FL 34480

Multi-Family · 6 Beds · 3,417 Sq. ft. | 0.25 Acres
$588,000 Active

2950 SE 53RD COURT Overview

Time on Site:
69 days
Visits:
0

11% CAP RATE. Investor opportunity in desirable Southeast Ocala! This quadplex consists of four 2-bedroom, 2-bathroom units generating approximately $5,443/month ($65,316 annually) at full occupancy. Currently, three units are leased with one recently vacated—offering immediate upside to place a new tenant at market rent or for potential owner-occupancy. Seller incentive of up to $5,000 toward buyer closing costs/prepaids with an acceptable offer. Current rent roll: Apt A – $1,400/mo (lease through 03/31/2027) Apt B – $1,350/mo (renewed, Section 8) Apt C – $1,393/mo (Section 8) Apt D – $1,300/mo (recently vacated). Two units have been renovated with vinyl flooring, updated kitchens, and bathrooms, while two remain unrenovated with tile flooring, providing clear value-add potential to increase rents and returns. Each unit features a front porch, functional layouts, and strong tenant appeal. Major improvements include a new roof (2025) and a new $25,000 driveway (Dec 2025). Landscaping is maintained weekly. HOA is $142.72/month and includes trash service. Tenants pay water and electric, helping keep operating expenses low. Conveniently located near shopping, dining, and major roadways, supporting consistent rental demand in Ocala’s growing market. Whether you're looking for a cash-flowing asset with upside or a value-add opportunity, this property delivers. Schedule your showing today!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

2950 SE 53RD COURT Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,417
  • Price/Sq.ft. $172
  • Lot 0.25 Acres

Details

General

Association/HOA

  • Association Fee: 142.72
  • Association Fee Frequency: Monthly
  • Association Name: N/A
  • Association: Yes

Income/Expenses

  • Gross Income: 60600

Building Information

  • New Construction: No
  • Year Built: 1984

Location/Region

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 34480 - Ocala
  • Subdivision Name: GREENFIELDS 01
  • Township: 15S

Tax Information

  • Tax Annual Amount: 7046.59
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 29698-001-12
  • Pets Allowed: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: R3

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 6

Building Interior

  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air
  • Fireplace: No
  • Foundation Details: Slab
  • Heating: Central
  • Interior Features: Ceiling Fans(s),Eat-in Kitchen
  • Laundry Features: Inside
  • Living Area: 3417
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Other Equipment: Private Entrance

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Size Dimensions: 100x110
  • Lot Size Square Feet: 10890
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Shingle

General Information

  • Carport: No
  • Exterior Features: Fence,Private Entrance
  • Pool Private: No
  • Sewer: Septic Tank
  • Utilities: Electricity Connected,Sewer Connected,Water Connected

2950 SE 53RD COURT Neighborhood

Community

34480 (OCALA) Demographics

41
Median Age
627
Population Density (per sq. mile)
35%
College Educated
$58,189
Estimated Median Income
5,795
Estimated Total Home Owners
2,069
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2950 SE 53RD COURT Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2950 SE 53RD COURT Market Data

Based on the last 30 days in this zip code

$557,627
Average List Price
$238
Average Price per Square Foot
26
Properties Sold
111
Average Days on Market
231
Properties for Sale
Calculations provided by Reliance Network

2950 SE 53RD COURT History

Date Event Value Agent
6/23/2026Source: My Florida Regional MLS Price Reduction
$588,000 -0.2%
5/11/2026Source: My Florida Regional MLS Price Increase
$589,000 1.7%
4/22/2026Source: My Florida Regional MLS Added to Database
April 22, 2026