- PRICE IMPROVEMENT – NOW OFFERED AT $299,000 5380, 5420, 5431, & 5501 SE 28th Court, Ocala, FL Significant price adjustment reflecting current market conditions. This assembled four-parcel income-producing portfolio is now offered at $299,000, creating an attractive entry point for investors seeking immediate cash flow and long-term upside in one of Central Florida's fastest-growing markets. Exceptional opportunity to acquire four income-producing parcels (sold together – cannot be separated) in rapidly expanding Ocala. This offering is part of a larger 9-property **UPDATE 5 out of 9 STILL AVAILABLE** investment portfolio and consists of tenant-occupied mobile homes with documented rental history and established cash flow. Income is in place from day one, allowing an investor to step into an operational asset with immediate returns. With leases currently in place, the portfolio offers both short-term income continuity and long-term flexibility for future value enhancement at the buyer's discretion. Each parcel is individually positioned yet assembled to create scale, operational efficiency, and strategic leverage. The properties provide workforce housing in a corridor experiencing strong population growth, infrastructure expansion, and sustained rental demand driven by in-migration and employment growth. Ocala continues to benefit from major corporate and regional investment, including distribution facilities developed by nationally recognized operators such as FedEx and AutoZone. The internationally recognized World Equestrian Center—the largest equestrian complex in the United States—generates year-round tourism, seasonal residency, and ongoing housing demand. Strategic Central Florida Location: • Approx. 75 miles to Orlando International Airport • Approx. 1 hr 20 min to Daytona Beach • Approx. 1 hr 30 min to Clearwater Beach • Direct access to I-75 connecting Tampa, Orlando, and North Florida This central positioning enhances tenant appeal while reinforcing long-term land value fundamentals. Investment Highlights: • Price recently reduced to reflect current market conditions • Tenant-occupied with income in place • Multi-parcel assemblage increases flexibility and scale • Opportunity for phased improvements and rental optimization • Attractive hold-and-enhance or long-term land-bank strategy (buyer to verify zoning and land-use options) As Marion County continues to attract logistics, industrial, and tourism-related growth, assembled multi-parcel income opportunities remain limited. This portfolio provides immediate cash flow with built-in flexibility to execute a tailored improvement or redevelopment plan over time. All parcels in this listing convey together. Serious investors should take note of this newly adjusted pricing and evaluate the opportunity promptly. REF: TB8478427, TB8478180
For sale
Price cut: $21K (6/3)
$299,000
5380 SE 28TH COURT, OCALA, FL 34480
10beds
5baths
2,966sqft
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$101/sqft
$-- HOA
What's special
- 189 days
- 665
- 29
Zillow last checked:
Listing updated:
Listed by:
Brian Lynch 267-312-2889,
LPT REALTY, LLC 877-366-2213
Source: Stellar MLS,MLS#: TB8478451
Originating MLS: Orlando Regional

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
Heating
- Electric
Cooling
- Ductless
Appliances
- Laundry: Other
Features
- Ceiling Fan(s)
- Has fireplace: No
Interior area
- Total interior livable area: 2,966 sqft
Video & virtual tour
Property
Features
- Fencing: Fenced
Lot
- Size: 1.12 Acres
- Dimensions: 133 x 82
Details
- Additional parcels included: 3582-275-003, 3582-274-005, 3582-274-006
- Parcel number: 3582275002
- Zoning: R4
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal Siding
- Foundation: Pillar/Post/Pier
- Roof: Other
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: FLORIDA ORANGE GROVE LT 275
HOA
- Has HOA: No
Location
- Region: Ocala
Financial & listing details
- Price per square foot: $101/sqft
- Tax assessed value: $36,977
- Annual tax amount: $1,081
- Date on market: 2/20/2026
- Cumulative days on market: 190 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Price change | $299,000-6.6%$101/sqft |
Source: | ||
| 2/20/2026 | Listed for sale | $320,000+764.9%$108/sqft |
Source: | ||
| 5/22/2025 | Sold | $37,000-7.5%$12/sqft |
Source: | ||
| 5/2/2025 | Pending sale | $40,000$13/sqft |
Source: | ||
| 5/2/2025 | Listed for sale | $40,000+100%$13/sqft |
Source: | ||
| 10/3/2014 | Listing removed | $19,999$7/sqft |
Source: Avalar Majestic Properties #404595 Report a problem | ||
| 6/14/2014 | Price change | $19,999-4.8%$7/sqft |
Source: Avalar Majestic Properties #404595 Report a problem | ||
| 3/14/2014 | Listed for sale | $21,000$7/sqft |
Source: Avalar Majestic Properties #404595 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,082 +44% | $36,977 +100.2% |
| 2024 | $751 +18.6% | $18,472 +10% |
| 2023 | $633 +5.4% | $16,793 +10% |
| 2022 | $601 +7.4% | $15,266 +10% |
| 2021 | $559 -0.3% | $13,878 +10% |
| 2020 | $561 +6.1% | $12,616 +10% |
| 2019 | $529 | $11,469 -18.1% |
| 2018 | $529 +10.9% | $13,997 +5.9% |
| 2017 | $477 +15.5% | $13,213 +53.4% |
| 2016 | $413 | $8,616 +10% |
| 2015 | $413 +4.5% | $7,833 +10% |
| 2014 | $395 +7.2% | $7,121 +10% |
| 2013 | $369 -4.4% | $6,474 -14.9% |
| 2012 | $386 -4.1% | $7,610 -12% |
| 2011 | $402 -2% | $8,650 -6.3% |
| 2010 | $411 -18.7% | $9,236 -41.8% |
| 2009 | $505 -19.8% | $15,861 -35.8% |
| 2008 | $630 +8.9% | $24,704 +13.4% |
| 2007 | $579 -3% | $21,793 +3.6% |
| 2006 | $597 +13.4% | $21,030 +19% |
| 2005 | $526 | $17,678 -1.6% |
| 2004 | $526 +39% | $17,970 +28.6% |
| 2002 | $379 +19.2% | $13,977 +12.5% |
| 2001 | $318 | $12,419 |
| 2000 | $318 | $12,419 |
Find assessor info on the county website
Monthly payment
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