
$499,000
16025 Wallace Street
Umatilla, FL 32784
Listing updated: September 3, 2026 at 11:22 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
**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.**
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveSep 3, 2026
- Listed$499,000Sep 3, 2026
- Price increased$499,000
Facts & features
- Property type
- Residential Income
- Sub type
- Triplex
- Status
- Active
- Days on market
- 0
- Subdivision
- Lynwood
- County
- Lake
- Year built
- 1966
- Living area
- 3,512 sq ft
- Price/sq ft
- $142
- Lot size
- 15,902 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12069C0215E)
- Annual taxes
- $5,584 (2025)
- Parcel #
- 26-18-26-0500-001-01000
- Zoning
- R-6
- MLS #
- V4951056
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Interior Details
- Bedrooms
- 0
- Interior features
- Primary Bedroom Main Floor, Solid Surface Counters
- Laundry
- Inside, Other
Heating & Cooling
- Heating
- Central, Other
- Cooling
- Central Air, Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Private Yard
- Construction materials
- Block
- Roof
- Membrane, Shingle
- Foundation
- Slab
- Road surface
- Dirt
Utilities
- Sewer
- Septic Tank
- Water source
- Well
- Utilities
- Electricity Connected
Listing Details
- Listing date
- 2026-09-01
- On market date
- 2026-09-03
- Original list price
- $499,000
- MLS area
- 32784 - Umatilla / Dona Vista
- Listing AOR
- Osceola
- Status changed
- 2026-09-03
- Tax legal description
- LYNNWOOD LOTS 10 11 BLK 1 PB 12 PG 26 ORB 6278 PG 1710
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
right side of wallace st
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of September 3, 2026 at 11:22 PM ET. 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA