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16025 Wallace StreetUmatilla, FL 32784

LYNWOOD · Lake County

$499,000List price
7Beds
3Baths
3,512Sq Ft
1966Year built
0.37Acre lot
3 weeks agoOn market

Description

**TRIPLEX | $60,000+ POTENTIAL ANNUAL INCOME | HOUSE-HACKING OPPORTUNITY** Great investment opportunity in Umatilla! This versatile **triplex** offers the potential for **over $60,000 in annual gross rental income**, while also providing an excellent opportunity for an owner-occupant to house hack. The property features **three separate units**, creating multiple income streams under one roof. The **1-bedroom unit can be delivered vacant**, allowing the new owner to move in and live on-site while renting the other two units to help offset their mortgage and expenses. For investors, the property offers the potential to generate **$60,000+ in gross annual rental income**. For owner-occupants, the ability to occupy the 1-bedroom unit while collecting rent from the other units creates an attractive path toward significantly reducing the cost of homeownership. Located in Umatilla, this property offers a convenient residential setting with easy access to local shopping, dining, schools, parks, and surrounding Lake County communities. **Three units. Multiple income streams. $60,000+ potential gross income. And the flexibility to house hack.** Whether you're looking to expand your rental portfolio or live in one unit while the property helps pay for itself, **16025 Wallace St is an opportunity you won't want to miss.**

Property Information

Property type
Residential Income
Sub-type
Triplex
Year built
1966
Living area
3,512 Sq Ft
Lot size
0.37 acres
Lot dimensions
166x100
Ownership
Fee Simple
Zoning
R-6
Days on market
26
MLS® Listing#
V4951056

Property Features

Exterior
Private Yard
Cooling
Central Air · Wall/Window Unit(s)
Heating
Central · Other
Laundry
Inside · Other
Construction
Block
Foundation
Slab
Roof
Membrane · Shingle
Utilities
Electricity Connected
Sewer
Septic Tank
Water source
Private · Well

Financial Details

HOA
None
Annual taxes
$5,584Tax year 2025
Parcel number
26-18-26-0500-001-01000

Directions

right side of wallace st

Listing Courtesy: LA ROSA REALTY CW PROPERTIES L - 407-910-2168

Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.

Last Updated: 2026-09-01

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