2950 SE 53rd Ct, Ocala, FL, 34480
About This Home
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. 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!
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1984
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Block
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family
Interior
Appliances
- Laundry features: Inside
Features
- Ceiling Fan(s),Eating Space In Kitchen
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 3,417 sqft
Property
Details
- Parcel number: 2969800112
- Zoning: R3
- Special condition: None
Features
- Exterior features: Private Entrance
- Fencing: Fenced
Lot
- Lot size: 0.25 Acres
- Lot size dimensions: 100 x 110
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Cold Wave
- Inland Flooding
- Strong Wind
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Marion County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,912 | $34,944 |
| Home Insurance * | $545 | $6,540 |
| Property Taxes | $957 | $11,484 |
| Electricity | $343 | $4,126 |
| Total | $4,757 | $57,084 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Price change | $589,000 |
| 2026-04-22 | Listed for sale | $579,000 |
| 2021-11-22 | Sold | $320,000 |
| 2020-03-09 | Sold | $240,000 |
| 2014-08-11 | Sold | $76,000 |
| 2014-01-03 | Sold | $31,600 |
| 2007-05-18 | Sold | $255,000 |
| 2002-03-27 | Sold | $67,600 |
View on Zillow