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Overview

10 bd5 ba2,966 sqftMulti-family 5+
TypeMulti-family 5+
HOANone listed
Built1969
Lot48,788 sqft
Living area2,966 sqft
Price / sqft$101

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About this home

Ceiling Fans(s)Fence

5380 SE 28th CT is a 1969-built home in Florida Orange Grove Lt 275, Ocala. Inside you'll find 10 bedrooms, 5 bathrooms, and 2,966 square feet of living space. Listed at $299,000 (about $101/sqft), 173 days on market. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

- 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

The essentials

Built
1969
Price / sqft
$101
On market
233 days
Annual tax
$1,082
Flood zone
X · Low risk
Lot
48,788 sqft
Type
Multi-family 5+

At a glance

Multi-family
Built 1969
1.12 acres
Lot size
2,966 sqft
Living area

Payment

Est. monthly payment
$1,799/mo
Down payment (20%)
$59,800
Property taxes
$90/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Multi-Family 5+
Year Built
1969
Lot
48,788 sqft
Cooling
Mini-Split Unit(s)
Heating
Electric
Parking
-
Days on Market
233
Ceiling Fans(s)
Fence
Flood Zone x
Annual Tax (2025)
$1,082
Parcel #
3582-275-002

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Florida Orange Grove Lt 275
County
Marion
MLS Area
34480 - Ocala
Lot Size
48,788 sqft

Price history

Date
Event
Price
6/3/2026
Price change
Source: Stellar MLS #TB8478451
$299,000-6.6%
$101/sqft
2/18/2026
Listed for sale
Source: Stellar MLS #TB8478451
$320,000
$108/sqft

Neighborhood

5380 SE 28th CT
Ocala, FL, 34480 · 34480 - Ocala

Market insights

Offer Insights

Choose an offer strength

List price: $299,000
$297,500 – $299,000
99.3% – 100% of listTops out right at the list price
80% of listList price
92 of the last 182 home closings in 34480 landed at this number or higher (51%). The median one sat 49 days before it went under contract, and this one is on day 233 after a $21,000 cut.

Sample: 182 closed home sales in 34480 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$1,799/mo
Principal & interest$1,559
Property taxes$90
Insurance$150
Down payment20% · $59,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$299,000

$101 per sq ft

Beds and baths

10 beds, 5 baths

Size

2,966 sq ft

Time on market

233 days

Year built

1969

Monthly payment

About $1,799/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,082 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

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Brokered byLPT REALTY, LLCListing agent: Brian LynchListing data from Stellar MLS, MLS# TB8478451.

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