OCALA, FL 34470 840 NE 3RD STREET

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Presented By: WALDEN & CO REALTY LLC with 561-644-2353. - 561-644-2353
  • MLS# OM723371
  • 04/23/2026
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 8
  • Baths • 8
  • SQFT • 3,224

Home Details

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.
Presented By: WALDEN & CO REALTY LLC with 561-644-2353. - 561-644-2353

Interior Features for 840 NE 3RD STREET

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths8

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Common WallsCorner Unit
Fireplace Y/NNo
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
Laundry FeaturesElectric Dryer Hookup, Inside, Washer Hookup
Window FeaturesBlinds

General for 840 NE 3RD STREET

Additional Parcels Y/NNo
AppliancesDishwasher, Microwave, Refrigerator
Building Area UnitsSquare Feet
Carport Y/NNo
CityOCALA
Construction MaterialsBlock, Concrete
CoolingCentral Air
CountyMarion
Directionshwy 40 to 3rd
Flood Zone CodeX
Flood Zone Code XY
Garage Y/NNo
HeatingCentral
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionSEC 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
LevelsOne
Listing TermsCash, Conventional, FHA, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet15246
Lot Size UnitsSquare Feet
MLS Area34470 - Ocala
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Ok to Lease12 Months
OwnershipFee Simple
Pet Size LimitSmall (16-35 Lbs.)
Pets AllowedCats OK, Dogs OK, Yes
PossessionClose Of Escrow, Negotiable
Property Attached Y/NYes
Property ConditionFixer
Property SubtypeQuadruplex
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameOF CALDWELLS ADD
Tax Annual Amount7291
Tax Lot13
Tax Year2025
Tenant PaysElectricity, Trash Collection, Water
UtilitiesElectricity Connected, Sewer Connected, Water Connected
ViewGarden
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1991
ZoningR3

Exterior for 840 NE 3RD STREET

Building Area Total3224
Exterior AmenitiesSidewalk
Foundation DetailsBlock
Lot Dimensions80 x 190
Lot Size Acres0.35
Lot Size Area15246
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Water Meters1
Private PoolNo
Road Surface TypeAsphalt, Paved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $550,000
MLS#OM723371
List Date 04/23/2026
Property Type Income
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