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520 S Main Avenue Lake Placid, FL $ 775,000
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$ 775,000 Get more info
520 S Main Avenue
$ 775,000
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520 S Main Avenue

Lake Placid, FL, 33852
$ 775,000
Baths0.0 Sq 2,572

Monthly Estimate*

$ 4,772

520 S Main Avenue, Lake Placid, FL 33852 - Image 1
520 S Main Avenue, Lake Placid, FL 33852 - Image 2
520 S Main Avenue, Lake Placid, FL 33852 - Image 3
520 S Main Avenue, Lake Placid, FL 33852 - Image 4
520 S Main Avenue, Lake Placid, FL 33852 - Image 5
520 S Main Avenue, Lake Placid, FL 33852 - Image 6
520 S Main Avenue, Lake Placid, FL 33852 - Image 7
520 S Main Avenue, Lake Placid, FL 33852 - Image 8
View a Virtual Tour
Studio

Multi-Family Home for sale in Lake Placid, FL

for $775,000. This 2,572 square foot home was built in 1982.

5 Units! Prime Multifamily Investment Opportunity! Well-maintained 5-unit multifamily property located in the heart of Lake Placid. This income-producing asset features a strong unit mix: one 3-bedroom/1-bath unit, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units—appealing to a wide range of tenants. The property is easy to manage as tenants pay rent & send maintenance requests online, creating a streamlined, low-touch operation. Currently self-managed by the owner and running efficiently. Freshly painted exterior. The building is topped with a durable metal roof and the use of window A/C units helps keep maintenance simple and cost-effective. Rents are adjusted at renewal, providing built-in upside for future income growth.

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Multi-Family Active

Price

$ 775,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,611

Style

Year Built

1982

Town/City

Lake Placid

County/Region

Highlands

MLS | Web ID

B26021355
Features
General
Sewer Septic Tank
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Other
Possession Close Of Escrow
Roof Metal
Construction Materials Block
Pets Allowed No
Year Built 1982
Tenant Pays Electricity
Stories Count 1
Levels One
Property Subtype Quadruplex
Tax Year 2025
Gross Income 62400
County Highlands
New Construction false
Property Type Residential Income
Subdivision Name HOFFMANS GROVE
Status Active
City Lake Placid
Senior Community Y/N false
Number Of Units Total 4
MLS Area 5940 - Other Florida County
Tax Annual Amount 5611
Property Condition Updated/Remodeled
Virtual Tour https://www.propertypanorama.com/520-S-Main-Avenue-Lake-Placid-FL-33852/unbranded
Standard Status Active
Property Sub Type Additional Quadruplex
Legal Description 2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
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Interior
Flooring Laminate
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Laundry Features None
Total Baths 0
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Exterior
Exterior Amenities Other
Water Source Public
Total Parking 10
Building Area Total 2572
Waterfront Y/N false
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* Excluded Features
List By
Kimberly Donato

Listing Agent

Affordability Calculator

$5,239
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,772
Monthly Property Taxes
$468
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/28/2026$775,000 Listed Price

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520 S Main Avenue, Lake Placid, FL, 33852 is a Multi-Family Home for sale at $775,000 with 2,572 sqft. 520 S Main Avenue is a studio with 0.0 baths and was built in 1982. The property's zip code is 33852 which is in Lake Placid, FL

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