The Sanford Group
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.
Property Features
Property Type: Residential - Single Family
Cooling: Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.10 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,072
Year Built: 1938
Square Feet: 1,676
Amenities
Built-in Features
Ceiling Fans(s)
Other
Feature Descriptions
Appliances: Cooktop, Dishwasher
Days on Site: 64
Directions: From 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 Sp
Exterior: Frame
Flood Zone Code: AE
Flooring: Luxury Vinyl, Tile
Foundation: Concrete Perimeter
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Other
Lot Dimensions: 0.1
Ownership: Fee Simple
Pets Restrictions: BUYER AND BUYER'S AGENT ARE RESPONSIBLE TO VERIFY PET RESTRICTIONS WITH THE HOA.
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected
Water: Public
Water Access Y/N: No
Windows: Blinds, Window Treatments
Zoning: R3
Local Schools
High School: Vanguard High School
Middle School: Osceola Middle School
Elementary School: Eighth Street Elem. School
Listed By / Shown By
Listed By
Agency Name: ALPHA EQUITY REALTY & MANAGEMENT INC
Agency Contact: 407-789-1002
Shown By
Agent Name: The Sanford Group
Agent Phone: Cell: (904) 868-9651
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 2,300.31 per month $2,011.27 Principal & Interest $172.67 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
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829 NE 3rd Street | MLS# O6430764
This single family home located at 829 NE 3rd Street, Ocala, FL 34470 is currently listed for sale with an asking price of $399,000. This property was built in 1938 and has 4 bedrooms and 3 full baths with 1676 sq. ft. NE 3rd Street is located in the SMITH & DAUGHERTYS subdivision. Search SMITH & DAUGHERTYS real estate on www.signwithsanford.com today.