829 NE 3rd StreetOcala, FL 34470

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.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1938

Living area

1,676 Sq Ft

Lot size

0.10 acres

Lot dimensions

53x85

Ownership

Fee Simple

Zoning

R3

Days on market

44

MLS^® Listing#

O6430712

Property Features

Interior

Built-in Features

Cooling

Wall/Window Unit(s)

Heating

Electric

Laundry

Laundry Room

Construction

Frame

Foundation

Concrete Perimeter

Roof

Shingle

Windows

Blinds

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Eighth Street Elem. School

Middle

Osceola Middle School

High

Vanguard High School

Financial Details

HOA

None

Annual taxes

$2,072Tax year 2025

Parcel number

2826-024-002-0

Directions

From E Silver Springs Blvd (SR-40): Head north on NE 8th Ave, turn right onto NE 8th St, then right onto NE 3rd St. Property is on the left.