Income-producing opportunity in a high-demand rental pocket of Ocala — this well-maintained single-family residence at 829 NE 3rd Street is currently producing $3,675 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 with well-lit bedrooms, while the kitchens are upgraded with granite countertops, modern cabinetry, and stainless steel appliances, 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.
- Built in 1938
- $268.50/sqft
- Lot size: 4,356 sqft
- 27 days on market
- 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.
- County: Marion
- Geo subdivision: SMITH & DAUGHERTYS ADD/CITY/O
Nearby Schools
Eighth Street Elem. School
Osceola Middle School
Vanguard High School
Features
Interior
Exterior
Utilities
Structure
Pets, Accessibility & Amenities
Financial
Lease Information
Tax, Legal & Financing
Let's get in touch!
Let's get in touch!

Fernanda Negromonte
Licensed Real Estate Broker 🇺🇸
- Source: Stellar MLS
- MLS #: O6399881
Listing updated: May 13, 2026 at 10:51AM
Listing provided by: Tatuli Kotchlamazashvili, ALPHA EQUITY REALTY & MANAGEMENT INC
Last checked 11 days ago
Listing provided by: Tatuli Kotchlamazashvili, ALPHA EQUITY REALTY & MANAGEMENT INC
Last checked 11 days ago
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