FL
Lake
UMATILLA
32784
16025 WALLACE STREET
16025 WALLACE STREET, UMATILLA, FL 32784
Share Listing
Listing Type
Multi Family
Listing Status
Active
26
$499,000

Home Details for 16025 WALLACE STREET

Price
$499,000
Type
Residential Income
Square feet
3512
Year built
1966
Lot size acres
0.37
County
Lake
MLS Listing#
V4951056
Property 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 Features
  • Cooling Information
    • Central Air
    • Wall/Window Unit(s)
  • Heating Information
    • Central
    • Other
  • Water Features
    • Private
    • Well
  • Utilities
    • Electricity Connected
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: 2026-09-03 21:30:16
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Stellar MLS.
EXIT REALTY TRI-COUNTY
18640 US Hwy 441, Mount Dora, FL 32757
Office
352 385 3948
Request more details
Code: