$449,000

2040 SE 40th Street Rd Ocala, FL 34480

Silver Spring Shores Neighborhood

Estimated payment $2,935/month

8 Beds
4 Baths
3,227 Sq Ft
$139 Price per Sq Ft

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Wood Siding
  • Cherry Hills Village Elementary School Rated A
  • Combination Dining and Living Room

About This Home

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.

Listing Agent

JOHN AMERSON

UNLOCK REALTY GROUP INC Brokerage Phone: 470-509-3301 License #3051727 Listed on: 11/25/2025

UNLOCK REALTY GROUP INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,764

Year Built

  • Built in 1984

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,227 Sq Ft Home
  • Combination Dining and Living Room
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Eighth Street Elem. Elementary School
  • Fort King Middle School
  • Forest High School

Additional Features

  • 0.28 Acre Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Citrus Park Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,764

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Frame, Wood Siding
  • Fireplace: No
  • Living Area: 3227
  • Lot Size Acres: 0.28
  • New Construction: No
  • Year Built: 1984
  • Lot Size Sq Ft: 12197
  • Status: Active
  • Street Direction: SE
  • Ownership: Fee Simple
  • Escrow State: FL
  • RATIO Current Price By Calculate: 139.14
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Attribution Contact: 470-509-3301
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Living Room/Dining Room Combo, Other
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Living Area Meters: 299.80

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12083C0538D

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Eighth Street Elem. School
  • High School: Forest High School
  • Middle Or Junior School: Fort King Middle School

Lot Info

  • Zoning: R3
  • Parcel Number: 3120-001-021
  • Additional Parcels: No
  • Flood Zone Code: X

Multi Family

  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 6764.23
  • Tax Block: A
  • Tax Book Number: S-014CITRUS
  • Tax Lot: 21

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,090 $241,903 -- --
2023 $6,090 $219,912 $0 $0
2022 $5,170 $199,920 $36,000 $163,920
2021 $2,575 $34,703 $21,600 $13,103
2020 $2,391 $23,297 $10,800 $12,497
2019 $2,314 $18,422 $6,400 $12,022
2018 $3,088 $111,078 $6,400 $104,678
2017 $3,006 $100,980 $6,400 $94,580
2016 $2,945 $27,467 $0 $0
2015 $1,472 $24,970 $0 $0
2014 $2,486 $89,760 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/25/2025 11/25/25 For Sale $449,000 +185.1% $139 / Sq Ft
01/15/2020 01/15/20 Sold $157,501 +66.0% $49 / Sq Ft View Prior Sale
11/20/2019 11/20/19 Pending -- -- --
11/03/2019 11/03/19 For Sale $94,900 -- $29 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Limited Warranty Deed $157,501 Avenue 365 Lender Svcs Llc
Warranty Deed $242,500 All American Land Title Insu
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $115,000 Commercial
Previous Owner $218,250 New Conventional
Source: Public Records

Source: Stellar MLS

MLS Number: OM714077

Stellar MLS

APN: 3120-001-021

Florida Marion County Ocala 34480 Silver Spring Shores

2040 SE 40th Street Rd, Ocala, FL

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Listing Agent
JOHN AMERSON
Section Image
UNLOCK REALTY GROUP INC
(352) 764-6199