Refine Search

840 NE 3rd Street, Ocala, FL 34470

$550,000
  • 840 NE 3rd Street, Ocala, FL 34470 Main Photo

50 Total Photos [Click to View All]

New to the Market Active
BEDS8 BATHS SQUARE FEET3,224 MLS#OM723371
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONOF CALDWELLS

Property Description

Prime Value-Add Quadplex Opportunity in Ocala's Tuscawilla District just Steps from Downtown Ocala. This four-unit quadplex offers an unbeatable blend of location, potential, and immediate income. Priced to sell and primed for savvy investors, it's your canvas to capitalize on Ocala's booming rental market with the city's growth. Proven Potential with Turnkey Proof of Concept: One unit has been fully renovated to showcase contemporary flair: open-concept layouts, sleek stainless-steel appliances, luxury vinyl plank flooring, and designer finishes that command premium rents. This model unit generates strong cash flow right out of the gate, proving the high-ROI blueprint for the remaining three units. 3 other units are blank slates awaiting your vision-affordable cosmetic updates could unlock 20-30% rent increases per unit, transforming this property into a passive-income powerhouse. Strategic Incentives for Accelerated Returns Seize the moment with the latest real estate tax incentives, including accelerated depreciation schedules that supercharge your write-offs and boost after-tax yields. In a market favoring multifamily investors, this quadplex positions you to deduct major renovations upfront, minimizing your effective cost basis while maximizing equity growth. Built to last with CBS construction, a durable 2017 roof ensures peace of mind for years to come. Each of the four spacious units features central air conditioning, Ample off-street parking, in unit washer and dryer hook ups. Proximity to Tuscawilla Park's green spaces, trendy eateries, and easy highway access make this a renter's dream-and a landlord's goldmine. Key Specs at a Glance : Units: 4 (1 renovated, 3 value-add ready) Location: City of Ocala - Walkable to downtown vibes, near Tuscawilla District amenities Roof: Installed 2017 HVAC: Central AC in every unit Zoning: Multifamily-friendly for seamless management Opportunity: Immediate income unit 200 leased for $1350.00 unit 400 on a month to month leased at $950.00 + renovation upside in a high-demand area Don't miss this rare chance to own a slice of Ocala's upward trajectory. Schedule your private tour today and step into ownership that pays dividends from day one. Serious inquiries only. Other units available call for more information. All information demend reliable buyer and buyer's agent to verify.

840 NE 3rd Street | MLS# OM723371

This multi-family property located at 840 NE 3rd Street, Ocala, FL 34470 is currently listed for sale with an asking price of $550,000. Search Ocala real estate on www.realtymark.net today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.35 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $7,291
Year Built: 1991

Amenities

Ceiling Fans(s)
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Stone Counters
Thermostat
Walk-In Closet(s)
Window Treatments
Sidewalk

Feature Descriptions

Annual Net Income: 0.00
Appliances: Dishwasher, Microwave, Refrigerator
Directions: hwy 40 to 3rd
Exterior: Block, Concrete
Flood Zone Code: X
Foundation: Block
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.35
Number of Pets: 1
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK, Yes
Pets Restrictions: non-aggressive breeds
Pets Size: Small (16-35 Lbs.)
Pets Weight (Max): 35
Property Attached Y/N: Yes
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: R3

Listed By / Shown By

Listed By

Agency Name: WALDEN & CO REALTY LLC
Agency Contact: 561-644-2353

Shown By

Agency Title: RealtyMark
Agency Phone: 888-240-0600

IDX logo

Estimate Your Payment

Estimated Payment

$ 1,992.06 per month $1,224.06 Principal & Interest $607.58 Property Tax $160.42 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
IDX logo

All commissions are negotiable Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 04/23/2026. The listing information on this page last changed on 04/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/23/2026 12:00:15 AM EST) or Stellar MLS (last updated Wed 04/22/2026 11:44:12 PM EST) or GSMLS (last updated Wed 04/22/2026 11:54:09 PM EST) or Emerald Coast MLS (last updated Wed 04/22/2026 11:55:25 PM EST) or Central Panhandle Association of Realtors (last updated Wed 04/22/2026 11:57:22 PM EST) or Beaches MLS (last updated Wed 04/22/2026 11:58:05 PM EST) or Naples MLS (last updated Wed 04/22/2026 11:40:20 PM EST) or Bright MLS (last updated Wed 04/22/2026 11:50:14 PM EST) or OneKey MLS (last updated Wed 04/22/2026 11:53:13 PM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

mls logo
Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Pixel