$478,000

Estimated payment $2,900/month

Total Views 1,300
4 Beds
4 Baths
1,848 Sq Ft
$259 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • Inside Utility
  • Eighth Street Elementary School Rated A-
  • Eat-In Kitchen
  • Central Heating and Cooling System

About This Home

Income-producing duplex nestled in the historic area of Palmetto Park near downtown Ocala, offering both flexibility and immediate rental income in a setting full of character and charm. Whether you are looking for a great
investment property or the opportunity to live in one unit while renting out the other, this property delivers. Currently generating $3,100 per month in rental income, with each unit rented at $1,550, this well-maintained
property provides strong income potential. Originally built in 1948 and converted to a duplex in 2000, each unit features 2 bedrooms, 2 bathrooms, and approximately 924 square feet of living space. From the moment you
arrive, the home welcomes you with bright, tropical colors that create a fun, cheerful, and inviting atmosphere. Its vibrant curb appeal makes it stand out while still blending beautifully with the charm of this historic area. It
is clear throughout that the property has been very well cared for, offering a sense of warmth and pride of ownership. Both units have been updated with brand-new central heat and air systems in 2025, providing comfort
and efficiency for years to come. Conveniently located within walking distance to 8th Street Elementary and Osceola Middle School, this location offers added convenience that supports strong rental appeal.

Listing Agent

Dawn Padot

HOMERUN REALTY Brokerage Phone: 352-624-0935 License #0681325 Listed on: 03/24/2026

HOMERUN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,150

Year Built

  • Built in 1948

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,848 Sq Ft Home
  • Ceiling Fan
  • Inside Utility
  • Carpet

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Eighth Street Elem. Elementary School
  • Osceola Middle School
  • Forest High School

Utilities

  • Central Heating and Cooling System
  • Thermostat

Additional Features

  • Private Mailbox
  • 10,454 Sq Ft Lot

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Palmetto Park Subdivision

Building Details

  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,150

Year Built

Built in 1948

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1848
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1948
  • Lot Size Sq Ft: 10454
  • Status: Active
  • Street Direction: SE
  • Ownership: Fee Simple
  • Escrow City: Ocala
  • Escrow State: FL
  • Escrow Street Name: SE 1st Ave
  • RATIO Current Price By Calculate: 258.66
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Attribution Contact: 352-624-0935
  • Tax Year: 2025
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Thermostat
  • Appliances Included: Dryer, Range, Refrigerator, Washer
  • Foundation Details: Pillar/Post/Pier, Slab
  • Total Bedrooms: 4
  • Levels: One
  • Additional Rooms: Inside Utility
  • Living Area Meters: 171.68

Exterior Features

  • Exterior Features: Private Mailbox
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Concrete
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12083C0517E

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • 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: Osceola Middle School

Lot Info

  • Zoning: R2
  • Parcel Number: 2908-003-006
  • Additional Parcels: No
  • Flood Zone Code: X

Multi Family

  • Gross Income: 37200
  • Total Num Buildings: 2
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 4150
  • Tax Block: 3
  • Tax Book Number: B-210PALMETT
  • Tax Lot: 6

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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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
2025 $4,150 $177,651 -- --
2024 $3,875 $161,501 -- --
2023 $3,584 $146,819 $0 $0
2022 $2,823 $133,472 $0 $0
2021 $2,598 $134,385 $43,945 $90,440
2020 $2,130 $126,480 $35,955 $90,525
2019 $1,875 $103,530 $22,772 $80,758
2018 $1,693 $96,135 $22,772 $73,363
2017 $1,531 $82,875 $19,975 $62,900
2016 $1,488 $79,560 $0 $0
2015 $1,385 $72,930 $0 $0
2014 $1,289 $72,930 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2026 03/26/26 For Rent $1,350 0.0% --
03/24/2026 03/24/26 For Sale $478,000 0.0% $259 / Sq Ft
01/19/2026 01/19/26 Off Market $1,350 -- --
12/26/2025 12/26/25 Price Changed $1,350 -12.9% $1 / Sq Ft
11/19/2025 11/19/25 Price Changed $1,550 -4.6% $1 / Sq Ft
11/07/2025 11/07/25 Price Changed $1,625 -27.8% $1 / Sq Ft
10/25/2025 10/25/25 For Rent $2,250 +181.3% --
03/01/2018 03/01/18 Rented $800 0.0% --
02/28/2018 02/28/18 Under Contract -- -- --
02/19/2018 02/19/18 For Rent $800 -- --
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $28,500 Affiliated Title Of Marion C
Warranty Deed $17,500 Affiliated Title Of Marion C
Source: Public Records

About the Listing Agent

Dawn Padot

HOMERUN REALTY

(352) 697-7927

Section Image

I have been a resident of Marion County for 36 years. My love of people and sales drew me to the real estate industry in 1999. The relationships we have cultivated in the past 26 years has allowed us to personally bring buyers and sellers together for over 2 decades. We specialize in Residential Sales and New Home construction for both buyers and sellers alike. We established our Team to better meet the needs of our clients.

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Source: Stellar MLS

MLS Number: OM721333

Stellar MLS

APN: 2908-003-006

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