840 NE 3RD STREET Ocala, FL $ 550,000
840 NE 3RD STREET
$ 550,000
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840 NE 3RD STREET

Ocala, FL, 34470
$ 550,000
Bedrooms8 Baths8.0 Sq 3,224

Monthly Estimate*

$ 3,386

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Multi-Family Home for sale in Ocala, FL

for $550,000 with 8 bedrooms and 8 full baths. This 3,224 square foot home was built in 1991 on a lot size of 0.35.

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.

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Multi-Family Active

Price

$ 550,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 7,291

Style

Quadruplex

Lot Size

0.35

Year Built

1991

Town/City

Ocala

County/Region

Marion

MLS | Web ID

OM723371

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Negotiable
Roof Shingle
Appliances Dishwasher Microwave Refrigerator
Zoning R3
Construction Materials Block Concrete
Pets Allowed Cats OK Dogs OK Yes
Year Built 1991
Tenant Pays Electricity Trash Collection Water
View Garden
Levels One
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
County Marion
New Construction false
Property Type Residential Income
Subdivision Name OF CALDWELLS ADD
Garage Y/N false
Status Active
Directions hwy 40 to 3rd
City OCALA
Senior Community Y/N false
Number Of Units Total 4
MLS Area 34470 - Ocala
Lot Size Units Square Feet
Lot Size Square Feet 15246
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 7291
Property Condition Fixer
Ok to Lease 12 Months
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM723371
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 13
Legal Description SEC 17 TWP 15 RGE 22 PLAT BOOK B PAGE 244 SUB LOT 44 OF CALDWELLS ADD OCALA LOT 13 & BEGIN AT NE COR OF LOT 13 TH E 9 FT TH S 00-08-57 E 187.70 FT TH S 89-54-06 W 9 FT TH N 00-08-57 W 187.72 FT TO THE POB
Pet Size Limit Small (16-35 Lbs.)
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Living Room/Dining Room Combo Primary Bedroom Main Floor Stone Counters Thermostat Walk-In Closet(s) Window Treatments
Furnished Y/N Unfurnished
Common Walls Corner Unit
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N false
Laundry Features Electric Dryer Hookup Inside Washer Hookup
Total Bedrooms 8
Total Baths 8
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Exterior
Exterior Amenities Sidewalk
Water Source Public
Lot Size Area 15246
Foundation Details Block
Number of Buildings 1
Building Area Total 3224
Lot Dimensions 80 x 190
Lot Size Acres 0.35
Road Surface Type Asphalt Paved
Private Pool false
Waterfront Y/N false
Number of Separate Water Meters 1
Number of Separate Electric Meters 4
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* Excluded Features
List By
Walden & Co Realty Llc

Broker

maria@mariawalden.com

Email

Affordability Calculator

$3,994
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$608
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$550,000 Listed Price

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840 NE 3RD STREET, Ocala, FL, 34470 is a Multi-Family Home for sale at $550,000 with 3,224 sqft and a lot size of 0.35. 840 NE 3RD STREET has 8 bedrooms, 8.0 baths, and was built in 1991. The property's zip code is 34470 which is in Ocala, FL