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$550,000
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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.
Full Property Details
Full Property Details for 840 NE 3rd St
General
- Price: $550,000
- Taxes: $7,291 (2025)
- Status: Active
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: OM723371
- Updated: 4/23/2026
- Added to Site: 14 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
- Appliances: Dishwasher, Microwave, Refrigerator
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Exterior
- Exterior Features: Sidewalk
Location
- Area: 34470 - Ocala
- County: Marion
- Development Name: 34470 - Ocala
- Subdivision: OF CALDWELLS ADD
- Driving Directions: hwy 40 to 3rd
Community
- Community Name: 34470 - Ocala
- Number of Pets: 1
- Pet Restrictions: non-aggressive breeds, / 35lbs.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Concrete
- Roof: Shingle
- Common Walls: Corner Unit
- Windows: Blinds
- Stories/Levels: One
- Square Feet: 3,224
- Sq. Ft. Source: Public Records
- Year Built: 1991
Lot Features
- Property View: Garden
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,246
- Lot Size: 15246
- Lot Dimensions: 80 x 190
- Street/Road Desc.: Asphalt, Paved
Financial Considerations
- Tax Amount: $7,291
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- 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
- Flood Zone Info: X
- APN: 2820044013
- Property ID: 2820044013
- Block/Lot/Section: UNK
Listed by Walden & Co Realty Llc
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Schools
Schools serving 840 NE 3rd St
School District:Marion County School District
| Name | Grades | Distance |
|---|---|---|
Wyomina Park Elementary School 511 Northeast 12th Avenue, Ocala, FL 34470 | PK-5 | 0.4 mi |
Fort King Middle School 545 Northeast 17th Avenue, Ocala, FL 34470 | 6-8 | 0.9 mi |
Vanguard High School 7 Northwest 28th Street, Ocala, FL 34475 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 840 NE 3rd St
Date
Details
Price
Change
Source
4/23/2026
Listed
$550,000
-58.96%
MLS
11/08/2024
Sold
$1,340,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 840 NE 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,292
29%
$367,200
52%
2024
$5,654
8%
$241,903
10%
2023
$5,224
28%
$219,912
10%
2022
$4,076
11%
$199,920
17%
2021
$3,660
—
$171,360
8%
2021
$3,660
31%
$159,120
5%
2019
$2,797
14%
$151,470
12%
2018
$2,447
7%
$134,640
9%
2017
$2,280
9%
$123,420
10%
2016
$2,098
9%
$112,200
11%
2015
$1,918
9%
$100,980
2%
2014
$1,762
10%
$98,736
10%
2013
$1,599
—
$89,760
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 840 NE 3rd St
840 NE 3rd Street, Ocala, FL 34470 (MLS# OM723371) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 840 NE 3rd Street is currently listed for $550,000 and was received on April 23, 2026. Want to learn more about 840 NE 3rd Street? Do you have questions about finding other Multi-Family real estate for sale in Ocala? You can browse all Ocala real estate or contact a Coldwell Banker agent to request more information.

