1702 NW 3rd St, Ocala, FL 34475

Exceptional Investment Opportunity in Ocala! Spacious Multi-Family Home for $179,900!

Discover an incredible investment opportunity or a unique owner-occupant living situation at 1702 NW 3rd St, a promising 4-bedroom, 2-bathroom multi-family property perfectly situated in Ocala, FL. Built in 1980, this residence offers 1,608 sqft of living space, providing significant potential for rental income or comfortable living arrangements for an extended family.

At a price of just $179,900, this multi-family home presents an exceptionally attractive entry point into the Ocala real estate market, especially for investors looking for passive income potential and scalability for their portfolio. Owning a multi-family property allows you to live in one unit and rent out others, or rent out all units to tenants, benefiting from a consistent stream of rental income that can help offset or even cover your mortgage. This type of investment also offers potential tax benefits (deductions for maintenance, repairs, utilities, etc.) and tends to increase in value over time.

Experience the Vibrant Ocala Lifestyle: Ocala, often referred to as the “Horse Capital of the World,” offers a unique and appealing blend of affordability, natural beauty, and a growing economy.

• Affordable Cost of Living: Ocala boasts a significantly lower cost of living compared to many other Florida markets, particularly in terms of housing. The median home price is well below the state average, making it an attractive option for both residents and investors.
• Growing Job Market: While famous for its equestrian industry (with over 400 thoroughbred farms and the World Equestrian Center), Ocala’s economy has diversified. There’s a robust and growing job market in healthcare, logistics, manufacturing, and professional services. The city has been recognized by Forbes for its future job growth potential.
• Natural Beauty & Outdoor Activities: Ocala is a nature lover’s paradise, offering access to the sprawling Ocala National Forest (over 383,000 acres) and Silver Springs State Park. Enjoy hiking, camping, kayaking, swimming in natural springs, and glass-bottom boat tours.
• Community & Pace of Life: Ocala has a friendly, small-town feel with a strong sense of community. It offers a slower, more relaxed pace of life compared to Florida’s larger, more bustling cities.
• Strategic Central Florida Location: Ocala’s central location provides easy access to major highways (I-75 and Florida’s Turnpike), putting Orlando, Tampa, and Gainesville within easy reach for big-city amenities and attractions.
• Developing Arts Scene: While not known for its nightlife, Ocala’s arts scene is growing, with venues like the Appleton Museum of Art and Ocala Civic Theater, along with local art walks and craft fairs.

The Ocala real estate market is currently considered a seller’s market (as of July 2025), indicating strong demand, though some data suggests it’s a balanced market, allowing for informed decisions. The median sale price in Ocala was around $302,995 in June 2025, with properties selling after an average of 85 days on the market. The city is experiencing continued population growth, which fuels demand for both purchase and rental properties, making multi-family investments particularly promising.

With an estimated refinance payment of approximately $1,153/mo, this multi-family property at $179,900 represents an exceptional value proposition. It’s an ideal choice for a savvy investor looking to capitalize on Ocala’s growth and rental demand, or for an owner-occupant seeking an affordable home with the added benefit of potential rental income.

Don’t miss this rare opportunity to secure a multi-family asset in a thriving Central Florida market! Schedule your private showing today and unlock the immense potential of 1702 NW 3rd St.