16025 WALLACE ST

$499,000

7Bedrooms
3Bathrooms
3,512Sq Ft
1966Year Built
N/AGarage
5Days on Market
0.37 acLot Size

**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.**

Facts & Features

MLS #
MFRV4951056
PRICE
$499,000
STATUS
Active
BEDROOMS
7
BATHROOMS
3
FULL BATHS
N/A
HALF BATHS
N/A
SQUARE FOOTAGE
3,512 sqft
ACRES
0.37
YEAR BUILT
1966
TYPE
Triplex
STYLE
N/A

Amenities

AMENITIES
N/A
PARKING
N/A
VIEW
No
WATERFRONT
No
POOL
No

Exterior

STYLE
N/A
CONSTRUCTION
Block
FOUNDATION
Slab
ROOF
Shingle, Membrane
FENCING
N/A
LOT DESCRIPTION
N/A

Additional Information

DATE LISTED
September 3, 2026
DAYS ON MARKET
5
ZONING
R-6
DIRECTION FACES
N/A
NEW CONSTRUCTION
No
SPECIAL CONDITIONS
None

Community Information

ADDRESS
16025 WALLACE ST
SUBDIVISION
Lynwood
CITY
Umatilla
COUNTY
Lake
STATE
FL
ZIP CODE
32784
SENIOR COMMUNITY
No

Interior

INTERIOR FEATURES
Solid Surface Counters, Primary Bedroom Main Floor
HEATING
Central, Other
COOLING
Central Air, Wall/Window Unit(s)
FLOORING
N/A
FIREPLACE
N/A
STORIES
N/A
APPLIANCES
N/A

School Information

DISTRICT
N/A
ELEMENTARY
N/A
MIDDLE
N/A
HIGH
N/A

Location

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