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$399,000

4 Beds 3 Baths 1,676 SQFT 0.10 Acres
Type: Single Family

829 NE 3RD STREET
OCALA, FL 34470

MLS#: O6430764
Adam Benedict
Adam Benedict
The Real Estate Advantage
Agent
Phone: 651.226.3928
Office: 952.898.5800
Presented by: ALPHA EQUITY REALTY & MANAGEMENT INC with 407-789-1002. - 407-789-1002

Property Description

 

Income-producing LEGAL TRIPLEX in a high-demand rental pocket of Ocala 829 NE 3rd Street is currently producing $3,770 in total monthly rent, offering a compelling blend of immediate cash flow and long-term upside. Positioned just minutes from downtown, the property sits on a spacious, tree-lined lot that consistently attracts tenants seeking both convenience and a quiet residential setting. Each unit features functional layouts, supporting strong rental appeal and tenant retention. A dedicated on-site laundry area adds additional convenience and operational efficiency. With durable interior finishes and broad tenant appeal, the property is well-positioned to minimize turnover and support stable occupancy. For investors, the opportunity lies in rent optimization and continued market appreciation, with potential to increase returns through strategic management and incremental improvements. Whether you're looking for a cash-flowing asset today or a value-add play with upside, this triplex delivers a strong foundation for both income and growth.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Half Baths0
Total Baths3

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLuxury Vinyl, Tile
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesBuilt-in Features, Ceiling Fan(s)
Laundry FeaturesCommon Area
Window FeaturesBlinds, Window Treatments

General

Additional Parcels Y/NNo
AppliancesCooktop, Dishwasher
Building Area Units0 sqft
Carport Y/NNo
CityOCALA
Construction MaterialsWood Frame
CoolingWall/Window Unit(s)
CountyMarion
DirectionsFrom Downtown Ocala, head east on E Silver Springs Boulevard (SR 40). Turn left onto NE 3rd Street and continue north. The property will be on your left at 829 NE 3rd Street, just north of NE 8th Avenue. Conveniently located near Downtown Ocala, Silver Springs Boulevard, shopping, dining, schools, and major roadways including US-301, US-27, and I-75.
Elementary SchoolEighth Street Elem. School
Facing DirectionNortheast
Flood Zone CodeAE
Full Baths3
Garage Y/NNo
HeatingElectric
High SchoolVanguard High School
In Law Suite YNNo
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionSEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 008 SMITH & DAUGHERTY ADD OCALA E 53 FT OF LOT 24
LevelsOne
Listing TermsCash, Conventional, Other
Living Area Units0 sqft
Lot Size Square Feet4,356 sqft
Lot Size UnitsSquare Feet
MLS Area34470 - Ocala
Middle/Junior High SchoolOsceola Middle School
Minimum LeaseNo Minimum
New ConstructionNo
Occupancy TypeTenant
OwnershipFee Simple
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSMITH & DAUGHERTYS ADD/CITY/O
Tax Annual Amount$2,072
Tax Lot24
Tax Year2025
Total Rooms8
UtilitiesCable Available, Electricity Connected, Public, Sewer Connected
Water Access Y/NNo
Water View Y/NNo
Year Built1938
ZoningR3

Exterior

Building Area Total1,676 sqft
Exterior AmenitiesOther
Foundation DetailsConcrete Perimeter
Lot Dimensions53 x 85
Lot Size Acres0.1
Lot Size Area4,356 sqft
Private PoolNo
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

  

Similar Properties

$399,000

4 Beds 3 Baths 1,676 SQFT 0.10 Acres
Type: Single Family

829 NE 3RD STREET
OCALA, FL 34470

MLS#: O6430764
Adam Benedict
Adam Benedict
The Real Estate Advantage
Agent
Phone: 651.226.3928
Office: 952.898.5800