Listing provided courtesy of LPT REALTY, LLCas Distributed by MLSGrid- MLS# MFRTB8478451MLS Provider

5380 SE 28TH COURTOCALA, FL 34480

Multi-Family · 10 Beds · 2,966 Sq. ft. | 1.12 Acres
$299,000 Active

5380 SE 28TH COURT Overview

Time on Site:
130 days
Visits:
1

- 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

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5380 SE 28TH COURT Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,966
  • Price/Sq.ft. $101
  • Lot 1.12 Acres

Details

General

Association/HOA

  • Association: No

Building Information

  • New Construction: No
  • Year Built: 1969

Location/Region

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 34480 - Ocala
  • Subdivision Name: FLORIDA ORANGE GROVE LT 275
  • Township: 16S

Tax Information

  • Tax Annual Amount: 1081.54
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 3582-275-002
  • Pets Allowed: Cats OK,Dogs OK
  • Property Sub Type: Multi-Family 5+
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: R4

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 10

Building Interior

  • Building Area Units: Square Feet

General Information

  • Cooling: Mini-Split Unit(s)
  • Fireplace: No
  • Foundation Details: Pillar/Post/Pier
  • Heating: Electric
  • Interior Features: Ceiling Fans(s)
  • Laundry Features: Other
  • Living Area: 2966
  • Living Area Source: Public Records
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels Description: 3582-275-003, 3582-274-005, 3582-274-006
  • Additional Parcels: Yes
  • Lot Size Acres: 1.12
  • Lot Size Dimensions: 133x82
  • Lot Size Square Feet: 48788
  • Number Of Lots: 4
  • Road Surface Type: Dirt
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Metal Siding
  • Roof: Other

General Information

  • Carport: No
  • Exterior Features: Fence
  • Number Of Units Total: 4
  • Pool Private: No
  • Sewer: Septic Tank
  • Utilities: Electricity Connected

5380 SE 28TH COURT Neighborhood

Community

34480 (OCALA) Demographics

41
Median Age
627
Population Density (per sq. mile)
35%
College Educated
$58,189
Estimated Median Income
5,795
Estimated Total Home Owners
2,069
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5380 SE 28TH COURT Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5380 SE 28TH COURT Market Data

Based on the last 30 days in this zip code

$557,627
Average List Price
$238
Average Price per Square Foot
26
Properties Sold
111
Average Days on Market
231
Properties for Sale
Calculations provided by Reliance Network

5380 SE 28TH COURT History

Date Event Value Agent
6/3/2026Source: My Florida Regional MLS Price Reduction
$299,000 -6.6%
2/20/2026Source: My Florida Regional MLS Added to Database
February 20, 2026
5/29/2025Source: My Florida Regional MLS Status Change
Sold
5/2/2025Source: My Florida Regional MLS Status Change
Pending
5/2/2025Source: My Florida Regional MLS Added to Database
May 02, 2025