




16025 WALLACE ST
$499,000
**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


