2837 NE 3RD STREET 203, OCALA, FL 34470
THE THREE KINGS CONDOMINIUM · Marion County
Key Facts
Description
Under contract-accepting backup offers. Discover the perfect blend of mid-century charm and modern convenience in the highly desirable Three Kings Condos, where units are rarely available. This beautifully updated 2-bedroom, 2-bath condo is ideally located in one of Ocala's most walkable areas - just minutes from banks, grocery stores, pharmacies, restaurants, and Ocala's premier public golf course. Inside, you'll find a bright, airy split floor plan featuring ceramic tile flooring throughout the main living areas and luxury vinyl flooring in both bedrooms. Large windows and expansive sliding glass doors fill the home with natural light and open to a spacious private balcony, perfect for relaxing or entertaining. the recently remodeled kitchen combines style and functionality with high-definition laminate countertops, wood cabinetry, and newer appliances, including a range, built-in microwave, dishwasher and refrigerator. A built-in desk area adds convenience for remote work or everyday organization. Investor Alert: this is a true turnkey opportunity in a community where inventory is limited. The condo comes with a long-term tenant already in place under a new one-year lease at $1,400/month, providing immediate income. With an estimated ROI of 9%+ at current list price, it's an excellent option to add to your portfolio or start your investment journey. Low-maintenance and easy to own, this is a rare chance to secure an income-producing property in the sought-after Three Kings Condo.
Property Information
Property Type
Residential
Sub-Type
Condominium
Style
Mediterranean
Year Built
1972
Stories
2
Living Area
1,148 sq ft
Lot Size
0.04 acres
Ownership
Condominium
Zoning
R3
Days on Market
63
MLS® Listing#
OM722500
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Patio
Lot Features
Construction
Foundation
Roof
Community
Utilities
Sewer
Water Source
Rooms
- KitchenFirst
- Living RoomFirst
- Master BedroomFirst
Financial Details
HOA
Yes
Annual Taxes
$1,703
Tax year 2025
Parcel Number
28120-203-00
Directions
Going East on Silver Springs Blvd, turn left on 25th Ave, turn right on NE 3rd St. The condo community is on your left. The listing is on the 2nd floor, unit 203, in the first building when you turn into the community.
Affordability Calculator
$27,000
Estimated monthly payment
$719/mo
Principal $108,000 · Est. interest $150,670 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in OCALA, FL
- $314,504
- Median Listing Price
- 80
- Median Days on Market
- 1,737
- Median Sq Ft
- $176
- Median Price / Sq Ft
- 2,971
- Active Listings
- This home’s price is 57% below the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in OCALA, FL.
Location
Points of Interest in OCALA, FL
Showing the OCALA area map.
Nearby Schools
Montessori Preparatory School
Elementary · 0.1 mi away
Kid City USA
School · 0.7 mi away
Academy of Biblical Character Development
School · 0.8 mi away
Ocala Christian Learning Academy, CCLC Schools
School · 0.8 mi away
Ward-Highlands Elementary School
Elementary · 1.0 mi away
Fort King Middle School
Secondary · 1.0 mi away
First Assembly Christian School
School · 1.1 mi away
Marion County Acceleration Academy
School · 1.2 mi away
Ocean's High School
Secondary · 1.2 mi away
Ocala Seventh-Day Adventist Church
School · 1.2 mi away
Hillcrest
Secondary · 1.4 mi away
St Paul's Christian School
School · 1.5 mi away
Wyomina Park Elementary School
Elementary · 1.5 mi away
Ambleside Ocala
School · 1.7 mi away
Ocali Charter Middle School
Secondary · 2.1 mi away
Grace Episcopal School
School · 2.1 mi away
Oakcrest Elementary School
Elementary · 2.2 mi away
Marion County Public Schools
School · 2.2 mi away
Eighth Street Elementary School
Elementary · 2.2 mi away
Osceola Middle School
Elementary · 2.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7945 MIDWAY DRIVE TERRACE H201, OCALA, FL | $94,900 | 2 | 2 | 840 |
| 9370 SW 85TH TERRACE C, OCALA, FL | $94,990 | 2 | 2 | 1,179 |
| 3110 SE 48TH STREET, OCALA, FL | $95,000 | 2 | 2 | 893 |
| 627 MIDWAY DRIVE B, OCALA, FL | $95,000 | 2 | 2 | 986 |
| 1522 NE 21ST STREET, OCALA, FL | $99,000 | 2 | 1 | 836 |
| 757 MIDWAY DRIVE B, OCALA, FL | $99,900 | 1 | 1 | 756 |
Moving Cost Estimate
EXIT Agents in OCALA
Listing Courtesy: SOUTHERN CHARM REALTY OF CF - 352-653-3330
Last Updated: 2026-04-09