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829 NE 3RD STREET

Multi-family For Sale
$399,000

BTC: 5.10132328

ETH: 157.67634855

33 days
4 bds
1,676 sqft

Overview

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.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1938
Lot:
0.10 Acres
Heating:
Electric
Price/sqft:
$238
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$2,072
2025
All facts and features
  • Heating

    • Electric

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Levels: One

    • Exterior Features: Fenced

    Lot

    • Lot: 0.10 Acres

    Other Property Information

    • Parcel Number: 28260240020

    • Zoning: R3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $2,072

  • Source details

    • MLS ID: O6430712

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Concrete Perimeter

    • Laundry Features: Laundry Room

    • Window Features: Blinds

    • Living Area: 1676

    • Water Source: Public

    • Lot Size Dimensions: 53 x 85

    • Subdivision Name: SMITH & DAUGHERTYS ADD/CITY/O

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ALPHA EQUITY REALTY & MANAGEMENT INC