840 NE 3RD ST, Ocala, FL 34470
840 NE 3RD ST, Ocala, FL 34470
840 NE 3RD ST, Ocala, FL 34470
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
MELISSA GONZALEZ

MELISSA GONZALEZ

+1(407) 209-9326
$550,000
Est. payment /mo
8 Beds
8 Baths
3,224 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,224 sqft

Price per Sqft $170

Subdivision Of Caldwells Add

MLS Listing ID OM723371

Bedrooms 8

Construction Status Fixer

HOA Y/N No

Year Built 1991

Annual Tax Amount $7,291

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 80x190

Property Sub-Type Quadruplex

Source Stellar MLS

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.

Location

State FL

County Marion

Community Of Caldwells Add

Area 34470 - Ocala

Zoning R3

Interior

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

Heating Central

Cooling Central Air

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Microwave, Refrigerator

Laundry Electric Dryer Hookup, Inside, Washer Hookup

Exterior

Exterior Feature Sidewalk

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Garden

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Construction Status Fixer

Others

Pets Allowed Cats OK, Dogs OK, Yes

Senior Community No

Pet Size Small (16-35 Lbs.)

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Num of Pet 1

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM723371

Read Less Info
Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Maria Walden WALDEN & CO REALTY LLC

Nearby Locations

MELISSA GONZALEZ
MELISSA GONZALEZ

Agent | SL SL3474170

+1(407) 209-9326 | melissag@doowner.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of MELISSA GONZALEZ, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of #seller_variable#, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call #phone_number# to obtain direct assistance.