FL
Marion
OCALA
34470
840 NE 3RD STREET
840 NE 3RD STREET, OCALA, FL 34470
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Listing Type
Multi Family
Listing Status
Active
50
$550,000

Home Details for 840 NE 3RD STREET

Price
$550,000
Type
Residential Income
Bedrooms
8
Total Bathrooms
8
Square feet
3224
Year built
1991
Lot size acres
0.35
County
Marion
MLS Listing#
OM723371
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.

Property Features
  • Utilities
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • House Interior
    • Stone Counters
    • Walk-In Closet(s)
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
Listing Courtesy: WALDEN & CO REALTY LLC - 561-644-2353
Listings courtesy of Stellar MLS as distributed by MLS GRID. 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. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-04-23 16:20:16
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EXIT REALTY 4CORNERS
49503 Hwy 27 Unit B, Davenport, FL 33897
Kregg Smith
License #: BK3302418
License #: 10301223973
Associate Broker
Office
863 344 3948
Agent
607 235 6515
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