840 NE 3RD STREET OCALA FL 34470 MLS #OM723371

840 NE 3RD STREET
OCALA, FL, 34470
$550,000
8 Beds
8 Baths
3,224 SqFt
0.35 Acres
Add
MLS #OM723371 image #0
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 Details

Price:
$550,000
MLS #:
OM723371
Status:
Active
Beds:
8
Baths:
8
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OF CALDWELLS ADD
Neighborhood:
34470ocala
Listed Date:
Apr 23, 2026
Finished Sq Ft:
3,224
Total Sq Ft:
3,224
Lot Size:
15,246 sqft / 0.35 acres (approx)
Year Built:
1991
Units:
4
Primary Bedroom Main Floor34470 – Ocala34470ocalaOf Caldwells AddGardenPets Allowed

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Schools

Interior

Appliances
Dishwasher, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior Features
Ceiling Fan(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
Laundry Features
Electric Dryer Hookup, Inside, Washer Hookup
Levels
One

Exterior

Common Walls
Corner Unit
Construction Materials
Block, Concrete
Exterior Features
Sidewalk
Roof
Shingle
View
Garden
Window Features
Blinds

Financial

Tax Year
2025
Taxes
$7,291

Map

Community

Subdivisions in OCALA

Market Summary

Current real estate data for Multi Family in OCALA as of Apr 30, 2026
34
Multi Family Listed
99
Avg DOM
175
Avg $ / SqFt
$480,344
Avg List Price

Property Summary

    Located in the OF CALDWELLS ADD subdivision, 840 NE 3RD STREET OCALA FL is a Multi Family for sale in OCALA, FL, 34470. It is listed for $550,000 To schedule a showing of MLS#om723371 at 840 NE 3RD STREET in OCALA, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.

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