QUADPLEX - Turnkey Investment Opportunity in the heart of Southeast Ocala. Renovated and leased quadplex featuring four 2-bedroom, 1-bathroom units. Each unit is separately metered, with tenants responsible for all utilities, providing a hassle-free investment with strong cash flow. The seller states the property is well-maintained. Whether expanding your portfolio or entering the multifamily market, this property could be for you. Conveniently located near shopping, hospitals, major employment, and more. Priced to sell quickly in a strong rental demand area.
Sold for $445,000
$445,000
2040 SE 40TH STREET ROAD, OCALA, FL 34480
8beds
4baths
3,227sqft
Quadruplex, Multi Family
Built in 1984
-- sqft lot
$441,500 Zestimate®
$138/sqft
$1,363 Estimated rent
Home value
$441,500
$397,000 - $490,000
$1,363/mo
Zestimate® history
Owner options
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$1,363/mo
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$1,363/mo
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$3,021/mo
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$3,021/mo
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Zillow last checked:
Listing updated:
Listed by:
John Amerson 352-462-8884,
UNLOCK REALTY GROUP INC 470-509-3301
Bought with:
Cyrus Martinez, 3573225
KELLER WILLIAMS REALTY SMART
Source: Stellar MLS,MLS#: OM714077
Originating MLS: Ocala - Marion
Originating MLS: Ocala - Marion
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Living Room/Dining Room Combo, Other
- Has fireplace: No
Interior area
- Total interior livable area: 3,227 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 0.28 Acres
Details
- Parcel number: 3120001021
- Zoning: R3
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Frame (FSC Certified), Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: CITRUS PARK
HOA
- Has HOA: No
Location
- Region: Ocala
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $312,120
- Annual tax amount: $6,764
- Date on market: 11/25/2025
- Cumulative days on market: 27 days
- Listing terms: Cash,Conventional,FHA,Private Financing Available
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Listing removed | $1,075 |
Source: Zillow Rentals Report a problem | ||
| 1/22/2026 | Sold | $445,000-0.9%$138/sqft |
Source:  Stellar MLS #OM714077 Report a problem | ||
| 12/27/2025 | Pending sale | $449,000$139/sqft |
Source: Stellar MLS #OM714077 Report a problem | ||
| 12/24/2025 | Price change | $1,075-6.5% |
Source: Zillow Rentals Report a problem | ||
| 12/13/2025 | Price change | $1,150-4.2% |
Source: Zillow Rentals Report a problem | ||
| 11/26/2025 | Listed for sale | $449,000+185.1%$139/sqft |
Source: Stellar MLS #OM714077 Report a problem | ||
| 10/4/2025 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 1/21/2020 | Sold | $157,501+66%$49/sqft |
Source: Public Record Report a problem | ||
| 11/22/2019 | Pending sale | $94,900$29/sqft |
Source: KELLER WILLIAMS - NEW TAMPA #T3208236 Report a problem | ||
| 11/4/2019 | Listed for sale | $94,900-40.7%$29/sqft |
Source: KELLER WILLIAMS - NEW TAMPA #T3208236 Report a problem | ||
| 9/17/2019 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 8/31/2019 | Price change | $160,024-34%$50/sqft |
Source: Auction.com Report a problem | ||
| 8/29/2019 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 1/24/2007 | Sold | $242,500$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,090 +4.3% | $241,903 +10% |
| 2023 | $5,839 +12.9% | $219,912 +10% |
| 2022 | $5,170 +100.8% | $199,920 +476.1% |
| 2021 | $2,575 +7.7% | $34,703 +49% |
| 2020 | $2,391 +3.3% | $23,297 +26.5% |
| 2019 | $2,314 | $18,422 -83.4% |
| 2018 | $2,314 -23% | $111,078 +10% |
| 2017 | $3,006 +104.2% | $100,980 +267.6% |
| 2016 | $1,472 | $27,467 +10% |
| 2015 | $1,472 -40.8% | $24,970 -72.2% |
| 2014 | $2,486 +6.9% | $89,760 +10% |
| 2013 | $2,326 -9% | $81,600 -15.8% |
| 2012 | $2,556 -10.6% | $96,900 -16.7% |
| 2011 | $2,860 -12.3% | $116,280 -18.6% |
| 2010 | $3,261 -5.7% | $142,800 -11.1% |
| 2009 | $3,459 -14.2% | $160,650 -21.1% |
| 2008 | $4,031 -3.3% | $203,490 -5% |
| 2007 | $4,167 +9.7% | $214,200 +24.8% |
| 2006 | $3,800 +65.6% | $171,666 +35.8% |
| 2005 | $2,294 | $126,378 +50.7% |
| 2004 | $2,294 +22.8% | $83,869 +14.2% |
| 2002 | $1,868 +13.5% | $73,440 +13.7% |
| 2001 | $1,646 | $64,600 |
| 2000 | $1,646 | $64,600 |
Find assessor info on the county website
Neighborhood: 34480
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Nearby schools
GreatSchools rating
- 3/10South Ocala Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 8/10Osceola Middle SchoolGrades: 6-8Distance: 2.8 mi
- 5/10Forest High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Eighth Street Elem. School
- Middle: Fort King Middle School
- High: Forest High School
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$441,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$441,500
- Florida
- Marion County
- Ocala
- 34480
- 2040 SE 40TH STREET ROAD
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