840 NE 3RD St, Ocala, FL 34470

Building Details

Year Built

1991

Listing office m***@mariawalden.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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Overview

Located in Ocala's Tuscawilla District, this four-unit quadplex offers immediate income and potential for increased value. One unit has been renovated with an open-concept layout, stainless-steel appliances, luxury vinyl plank flooring, and designer finishes. The other three units are ready for renovation, with potential rent increases of 20-30% per unit. Real estate tax incentives, including accelerated depreciation schedules, may be available. Constructed with CBS, the property features a 2017 roof. Each unit has central air conditioning and in-unit washer and dryer hook ups. Ample off-street parking is available. The property is near Tuscawilla Park, eateries, and highway access. The location has a walk score of 75, making it very walkable, and a bike score of 57, making it bikeable. The transit score is 32, indicating some transit options are available. The zoning is multifamily-friendly. One unit is leased for $1350.00, and another is leased month to month at $950.00.

Suggested Use

Restaurant Real Estate Agency Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Ocala

County

Marion

State

Florida

Longitude

-82.1288065

Latitude

29.1893544

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FAQs

What type of property is this?

Quadplex - Four-unit property with renovation upside in a high-demand Ocala area.

Where is this quadplex located?

The property is located at 840 NE 3RD St Ocala, FL.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Prime location in Ocala's Tuscawilla District, walkable to downtown amenities and Tuscawilla Park.; One fully renovated 'model unit' provides immediate income and demonstrates potential for premium rents.; Opportunity to increase rents by 20‑30% per unit with affordable cosmetic updates to the three remaining units.