721 NE 2ND ST Ocala, FL 34470
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 2,451 sqft
Price per Sqft $134
Subdivision Caldwells Add
MLS Listing ID OM699837
Bedrooms 5
Full Baths 4
Construction Status Fixer
HOA Y/N No
Originating Board Stellar MLS
Year Built 1918
Annual Tax Amount $4,574
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 70x214
Property Sub-Type Single Family Residence
Property Description
Located in Ocala's sought-after Historic District, this 1918-built gem turned triplex offers a rare opportunity to own a piece of the city's rich architectural history. Just steps away from both Midtown and Downtown Ocala, this walkable location places you near vibrant restaurants, shops, and community events — perfect for investors or future homeowners looking to be in the center of it all.
With 2,451 living square feet, the home has been thoughtfully divided into three separate units, presenting excellent income-producing potential or a unique multi-generational living setup.
Unit 1: Efficiency apartment
Unit 2: 2 bedrooms, 2 bathrooms
Unit 3: 2 bedrooms, 1 bathroom
This is a renovation takeover, ideal for buyers ready to bring their vision and craftsmanship to life. Some finishing carpentry work, HVAC, and electrical updates are needed to complete the transformation and unlock the property's full value.
Whether you're a seasoned investor or a handy homeowner, this is a golden opportunity in a character-filled neighborhood.
Located within the City's East Ocala Redevelopment Area with up to 40k per year in qualifying Historic Building Improvement Grants.
Cash offers preferred, but renovation loan options may be considered for qualified buyers.
Location
State FL
County Marion
Community Caldwells Add
Area 34470 - Ocala
Zoning R3
Interior
Interior Features High Ceilings
Heating None
Cooling None
Flooring Wood
Furnishings Unfurnished
Fireplace false
Appliance Refrigerator
Laundry None
Exterior
Exterior Feature Other
Utilities Available Electricity Available
Roof Type Shingle
Porch Covered, Front Porch
Garage false
Private Pool No
Building
Lot Description Cleared, Historic District, City Limits
Story 2
Entry Level Two
Foundation Pillar/Post/Pier
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Architectural Style Historic
Structure Type Wood Siding
New Construction false
Construction Status Fixer
Schools
Elementary Schools Wyomina Park Elementary School
Middle Schools Fort King Middle School
High Schools Vanguard High School
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM699837
