16025 WALLACE STREET Umatilla, FL $ 499,000
16025 WALLACE STREET
$ 499,000
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16025 WALLACE STREET

Umatilla, FL, 32784
$ 499,000
Baths0.0 Sq 3,512

Monthly Estimate*

$ 3,151

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View a Virtual Tour
Studio

Multi-Family Home for sale in Umatilla, FL

for $499,000. This 3,512 square foot home was built in 1966 on a lot size of 0.37.

**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.**

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Multi-Family Active

Price

$ 499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,583

Style

Triplex

Lot Size

0.37

Year Built

1966

Town/City

Umatilla

County/Region

Lake

MLS | Web ID

V4951056

Features
General
Sewer Septic Tank
Heating Central Other
Cooling Central Air Wall/Window Unit(s)
Utilities Electricity Connected
Roof Membrane Shingle
Zoning R-6
Construction Materials Block
Year Built 1966
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
County Lake
New Construction false
Property Type Residential Income
Subdivision Name LYNWOOD
Garage Y/N false
Status Active
Directions right side of wallace st
City UMATILLA
Senior Community Y/N false
MLS Area 32784 - Umatilla / Dona Vista
Lot Size Units Square Feet
Lot Size Square Feet 15902
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 5583.98
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4951056
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 10
Legal Description LYNNWOOD LOTS 10 11 BLK 1 PB 12 PG 26 ORB 6278 PG 1710
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Y
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Interior
Interior Amenities Primary Bedroom Main Floor Solid Surface Counters
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside Other
Total Bedrooms 0
Total Baths 0
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Exterior
Exterior Amenities Private Yard
Water Source Well
Lot Size Area 15902
Foundation Details Slab
Number of Buildings 1
Lot Dimensions 166 x 100
Lot Size Acres 0.37
Road Surface Type Dirt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
La Rosa Realty Cw Properties L

Broker

ricardo@adamescapital.com

Email

Affordability Calculator

$3,616
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
$465
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
9/3/2026$499,000 Listed Price

Map


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16025 WALLACE STREET, Umatilla, FL, 32784 is a Multi-Family Home for sale at $499,000 with 3,512 sqft and a lot size of 0.37. 16025 WALLACE STREET is a studio with 0.0 baths and was built in 1966. The property's zip code is 32784 which is in Umatilla, FL