Income-producing quadplex in SE Ocala's Citrus Park! This fee simple property features four 2-bedroom, 1-bathrooms with separate meters. Built in 1982 and offering 3,233 heated Sq ft, the building sits on a 0.28 acre lot in Flood Zone X. Interior finishes include tile, vinyl, and laminate flooring and includes central air. Zoned R-3 with no HOA or special sale conditions. Located minutes from SE Maricamp Rd and major conveniences — a solid turnkey investment with room to grow.
Southeast Ocala, located between Downtown Ocala and Silver Springs State Park, is a residential and commercial Ocala neighborhood with tree-lined streets and a horse-country edge. The neighborhood’s character concentrates around the SE 17th Street and SE 25th Avenue corridor, where local diners, service storefronts, and everyday errands create a steady street rhythm. Brick ranch homes and mid-century builds mix with newer infill along curving roads and pocketed cul-de-sacs. The Appleton Museum of Art and the Ocala Civic Theatre add a cultural throughline nearby. Weekends often orbit the Ocala Downtown Market for local produce and small-batch goods. Green space and trails at Silver Springs anchor the outdoorsy side of the map.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Double-pane windows
Other interior features
Bedrooms
8 total bedrooms
Bathrooms
Each unit has 1 bathroom
Laundry & utility
Laundry inside
Heating & cooling
Electric heating
Natural gas heating
Central air conditioning
Exterior features
Patio
Other exterior features
Paved road access
Home design
Residential income property (quadruplex)
One level
Completed condition
Zoning: R3
Construction
Wood siding exterior
Shingle roof
Block foundation
Built as a single building (1 building)
Utilities
Public water
Public sewer
Electricity connected
Water connected
HOA & community
No association
Financial info
Gross annual income reported: $62,052
Annual net income reported: $62,052
Other
Lot approximately 0.28 acres (100 x 120 x 100 x 120)
Total living area reported as 3,233 square feet
Property identified as US-12083-N-3120001010-R-N
Electricity and solar
View estimated energy costs and solar savings for this home
Great Income Producing Quadraplex. New roof in 2019, and all 4 units have seen improvements done over the last 3-4 yrs. All utilities are metered separately for electric, water, and sewer, and paid by tenants. Washer / Dryer hook ups in each unit. Great SE Ocala location, in close proximity to restaurants, shopping, schools, and medical. Owner would like to sell in conjunction with MLS OM666583.
Stellar MLS as Distributed by MLS Grid #OM558150
Jul 19, 2019
Sold
$162,000
$50/sq ft
Jun 17, 2019
Listed
$189,900
$59/sq ft
Great Value add potential for this Income Producing Quadraplex. Property is currently grossing $1965 per month. All utilities are metered separately, and paid by tenants. Great SE Ocala location, in close proximity to restaurants, shopping, and schools.
Stellar MLS as Distributed by MLS Grid #OM306864
Dec 10, 2008
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #OM302960
Jun 10, 2008
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #OM284904
Dec 10, 2007
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #OM237450
Jun 20, 2007
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #OM203338
Dec 23, 2005
Listing Removed
—
Public Records
Feb 9, 2005
Sold
$200,000
$62/sq ft
Public Records
Sep 9, 2004
Sold
$156,900
$49/sq ft
Public Records
Jun 4, 2003
Sold
$370,500
$115/sq ft
Public Records
Mar 5, 2001
Sold
$92,000
$28/sq ft
Public Records
Nov 9, 2000
Sold
$77,000
$24/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,677 (+13.8%)
$43,200 + $324,000
$367,200
2024
$6,743 (+17.9%)
$43,200 + $324,000
$367,200
2023
$5,722 (+13.0%)
$36,000 + $276,120
$312,120
2022
$5,064 (+5.2%)
2021
$4,813 (+3.9%)
2020
$4,632 (+14.6%)
$21,600 + $149,760
$171,360
2019
$4,042 (+7.6%)
$10,800 + $148,320
$159,120
2018
$3,757 (+4.3%)
2017
$3,601 (+3.5%)
2016
$3,479 (+43.2%)
2015
$2,429 (−2.3%)
2014
$2,485
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Finished Sq. Ft.
3,233
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,233
Year built
1982
Style
Single Family Residential
County
Marion County
APN
3120-001-010
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
R-3
Multi family Dwelling
The Multi Family Dwelling classification is intended to provide for high density and urban residential development, including multi-family dwellings in areas served by public or private water and sewer facilities.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Multiple units
Housing-Senior
Housing-Student
Bed & breakfast
Educational / school
Golf related
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Ocala, FL • 34480
Average low and high temperatures (°F)
66
43
74
49
80
56
85
61
89
69
91
73
93
75
91
75
88
71
81
65
78
56
71
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Ocala. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1820 SE 40th Street Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $455,000 and $747,760.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $455K to $748K.