2040 SE 40th Street Rd

$449,000
Price
8
Beds
4
Baths
3,227 Sq. Ft.
$139 / Sq. Ft.
3,227
Sq. Ft.
$139
per Sq. Ft.

Description

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,...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.
  1. Listed by John Amerson • Brokerage DRE #1061653 • 1ST CLASS REAL EST PREMIER GRP
    P: (352)-462-8884 C: (352)-462-8884 jamersonrealtor@gmail.com

Property Details for 2040 Southeast 40th Street Road

Subdivision Name
CITRUS PARK
Township
15S
Waterfront
No
LISTING UPDATED: 11/26/2025 06:55 AM

Property Details for 2040 Southeast 40th Street Road

StatusActive
MLS #OM714077
Days on Market29
Taxes$6,764 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1984
Lot Size0.28 AC / 12,197 SF
CountyMarion County

Location

Listing Courtesy of 1ST CLASS REAL EST PREMIER GRP
Add your commute

Building Information for 2040 Southeast 40th Street Road

Stories-Residences4Year Built1984Building Size-Lot Size0.28 AC / 12,197 SF

Payment Calculator

$2,782 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,219

Property Taxes

$564

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2040 Southeast 40th Street Road

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: FROM SE 38TH ST TURN RIGHT ON SE 20TH CT. GO TO STOP SIGN. TURN LEFT ON SE 40TH ST RD. PROPERTY IS ON THE RIGHT.
  • Elementary School: Eighth Street Elem. School
  • Middle Or Junior School: Fort King Middle School
  • High School: Forest High School
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 2040
  • Street Direction Prefix: SE
  • Street Name: 40TH STREET
  • Street Suffix: ROAD
  • State: FL
  • City: OCALA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: A
  • Tax Book Number: S-014CITRUS
  • Tax Legal Description: SEC 33 TWP 15 RGE 22 PLAT BOOK S PAGE 014 CITRUS PARK BLK A LOT 21
  • Tax Lot: 21
  • Tax Year: 2025
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 3120001021
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R3
  • Living Area: 3227
Property and Assessments
  • Year Built Numeric: 1984
  • Flood Zone Code: X
  • Flood Zone Date: 08-28-2008
  • Flood Zone Panel: 12083C0538D
  • New Construction: No
  • Public Survey Range: 22E
  • Public Survey Section: 33
Utilities
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame (FSC Certified), Wood Siding
  • Exterior Features: Other
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 8
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central
  • Interior Features: Living Room/Dining Room Combo, Other
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $27,753.00
  • Unit Count: 1

Property History for 2040 Southeast 40th Street Road

DateEvent & SourcePriceAppreciation
Nov 25, 2025

Listed (Active)

MFRMLS #OM714077

$449,000
Nov 23, 2025

Temporarily Off Market

MFRMLS #OM714077

Nov 18, 2025

Listed (Active)

MFRMLS #OM714077

$449,000
Jan 15, 2020

Sold

MFRMLS #T3208236

$157,501
Nov 20, 2019

Pending

MFRMLS #T3208236

Nov 3, 2019

Listed (Active)

MFRMLS #T3208236

$94,900
Mar 2, 2010

Expired

MFRMLS #OM319322

$99,900
Mar 9, 2009

Listed (Active)

MFRMLS #OM319322

$139,000
Jan 23, 2007

Sold (Public Record)

Public Record #213037310

$242,500
Jan 23, 2007

Sold

MFRMLS #OM219368

$242,500
Dec 20, 2006

Pending

MFRMLS #OM219368

Aug 31, 2006

Sold

MFRMLS #OM219368

Dec 23, 2005

Listed (Active)

MFRMLS #OM219368

$295,000
DateEvent & SourcePrice
11/25/2025

Listed (Active)

MFRMLS #OM714077

$449,000
11/23/2025

Temporarily Off Market

MFRMLS #OM714077

11/18/2025

Listed (Active)

MFRMLS #OM714077

$449,000
01/15/2020

Sold

MFRMLS #T3208236

$157,501
11/20/2019

Pending

MFRMLS #T3208236

11/03/2019

Listed (Active)

MFRMLS #T3208236

$94,900
03/02/2010

Expired

MFRMLS #OM319322

$99,900
03/09/2009

Listed (Active)

MFRMLS #OM319322

$139,000
01/23/2007

Sold (Public Record)

Public Record #213037310

$242,500
01/23/2007

Sold

MFRMLS #OM219368

$242,500
12/20/2006

Pending

MFRMLS #OM219368

08/31/2006

Sold

MFRMLS #OM219368

12/23/2005

Listed (Active)

MFRMLS #OM219368

$295,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2040 Southeast 40th Street Road

Taxable ValueLand$36,000Additions$183,912Total$219,912
Tax Record2023$5,839 ($487 / month)
Home Facts
Baths4Total Finished SqFt3,227 SqFtAbove Grade Finished SqFt3,227 SqFtStories1Lot Size12,197 SqFtStyleQuadraplexYear Built1984Year Renovated2007ZoningR3CountyMARIONAPN3120-001-021

Schools near 2040 Southeast 40th Street Road

This home is within Marion.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
South Ocala Elementary School
PublicPK to 5

Osceola Middle School
Public6 to 8

Forest High School
Public9 to 12

Francis Marion Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2040 Southeast 40th Street Road is a multi-family home for sale in Ocala, FL 34480. This property was listed for sale on November 18, 2025 by 1ST CLASS REAL EST PREMIER GRP, it's currently listed at $449,000. It has been on the market for a total of 29 days and was last sold on January 15, 2020. This listing's school district is Marion. Nearby schools include South Ocala Elementary School, Osceola Middle School and Forest High School. 2040 Southeast 40th Street Road is a 8-bed, 4-bath, 3,227 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 1ST CLASS REAL EST PREMIER GRP

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.