Active

$564,000

For sale

1820 SE••••• 40th Street Rd (Sign up for 50 free credits to unlock)Ocala, FL 34480

8Beds

4Baths

3,233Sq Ft Living

12,197Sq Ft Lot

1982Year Built

Property Description

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.

Property Facts & Features

Property Type: Multi Family
Status: Active
Listed: Jan 21, 2026
Price per Sq Ft: $174/sqft
ZIP Code: 34480
Full Baths: 4
Stories: 1
Heating: Electric, Natural Gas
Cooling: Central Air
Construction: Wood Siding
Property Tax (2025): $7,677/yr
Assessed Value: $367,200
Last Sold: $162,000 · Jul 22, 2019
Neighborhood: Southeast Ocala
County: Marion
School District: Marion County Public Schools

Estimated Value

$558,000Range $418,596 to $627,894

Automated estimate. Not an appraisal.

Features & Amenities

Bedrooms

Bedrooms: 8

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Land Info

Additional Parcels: No
Lot Size Acres: 0.28
Lot Size Dimensions: 100 x 120 x 100 x 120
Lot Size Square Feet: 12197

Utilities

Sewer: Public Sewer
Electricity Connected
Water Connected
Water Source: Public

Appliances

Laundry Features: Inside

Rental Info

Gross Income: 62052

Multi-Unit Info

Number of Buildings: 1
Number of Units: 1
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Description: 2 Bedroom
Unit-2 Description: 2 Bedroom
Unit-3 Description: 2 Bedroom
Unit-4 Description: 2 Bedroom
Unit 1 Total Actual Rent: 1321
Unit 2 Total Actual Rent: 1200
Unit 3 Total Actual Rent: 1350
Unit 4 Total Actual Rent: 1300

Interior Features

Window Features: Double Pane Windows

Heating and Cooling

Cooling Features: Central Air
Heating Features: Electric, Natural Gas

Other Property Info

Annual Tax Amount: 7677
Tax Block: A
Source Listing Status: Active
County: Marion
Directions: Head S on SE 36th Avenue. Turn left onto SE 38th Street, then continue as it curves into SE 40th Street Road. The property will be on the left.
Tax Year: 2025
Ownership: Fee Simple
Area: 34480 - Ocala
Source Neighborhood: CITRUS PARK
Parcel Number: 3120-001-010
Postal Code Plus 4: 8816
Public Survey Section: 33
Subdivision: CITRUS PARK
Township: 15S
Zoning: R3
Property Subtype: Quadruplex

Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

Building and Construction

Total Square Feet Living: 3233
Year Built: 1982
Construction Materials: Wood Siding
Foundation Details: Block
Levels: One
Living Area Source: Appraiser
Living Area Units: Square Feet
Property Age: 44
Property Condition: Completed
Roof: Shingle
Levels or Stories: One
Total Area Sqft: 3233

Exterior and Lot Features

Patio And Porch Features: Patio
Road Surface Type: Paved
Patio: Yes

Price & Event History

Date	Event	Price	$/Sq Ft
Jun 21, 2026	Relisted	$564,000	$174
Jun 20, 2026	Listing removed	$564,000	$174
May 13, 2026	Price Changed	$564,000	$174
Mar 31, 2026	Price Changed	$574,000	$178
Jan 21, 2026	Listed	$589,000	$182
Jun 19, 2024	Sold	$535,000	$165
Jun 3, 2024	Relisted	$559,000	$173
Apr 14, 2024	Listing removed	$559,000	$173
Oct 17, 2023	Listed	$559,000	$173
Dec 6, 2021	Listing removed	$299,500	$93
Dec 6, 2021	Listing removed	$250,000	$77
Jul 22, 2019	Sold	$162,000	$50
Feb 8, 2005	Sold	$200,000	$62
Sep 8, 2004	Sold	$156,900	$49
Jun 3, 2003	Sold	$370,500	$115
Mar 4, 2001	Sold	$92,000	$28
Nov 8, 2000	Sold	$77,000	$24
Feb 28, 1982	Sold	$103,889	$32

Property Tax History

Year	Tax	Assessed	Land	Building	Market
2025	$7,677	$367,200	$43,200	$324,000	$367,200
2024	$6,743	$367,200	$43,200	$324,000	$367,200
2023	$5,721	$207,346	-	-	$277,440
2022	$5,063	$188,496	-	-	$199,920
2021	$4,812	$171,360	$21,600	$149,760	$171,360
2020	$4,632	$159,120	$10,800	$148,320	$159,120
2019	$4,041	$120,964	-	-	$123,420
2018	$3,757	$109,967	-	-	$111,078
2017	$3,601	$99,970	-	-	$100,980
2016	$3,479	$90,882	-	-	$91,800
2015	$2,429	$82,620	$8,000	$125,831	$82,620
2014	$2,485	$89,760	-	-	$91,800

Nearby Schools

3/10
South Ocala Elementary School
Public · Elementary · Grades K-5
1.0 mi
8/10
Osceola Middle School
Public · Middle · Grades 6-8
2.7 mi
5/10
Forest High School
Public · High · Grades 9-12
2.8 mi
NR
Cambridge Acad-Intercoast Fina
Private · Middle, High · Grades 6-12
0.2 mi