16025 Wallace Street, UMATILLA, FL

$499,000

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7

Beds

3

Baths

3,512

Square feet

0.37

Acres

About 16025 Wallace Street

**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.**

Features of 16025 Wallace Street

MLS® # V4951056
Price $499,000
Bedrooms 7
Bathrooms 3.00
Square Footage 3,512
Acres 0.37
Year Built 1966
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 16025 Wallace Street
Area Umatilla / Dona Vista
Subdivision LYNWOOD
City UMATILLA
County Lake
State FL
Zip Code 32784-9217

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features Primary Bedroom Main Floor, Solid Surface Counters
Heating Central, Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace No

Exterior

Exterior Features Private Yard
Roof Membrane, Shingle
Foundation Slab

Additional Information

Date Listed September 3rd, 2026
Days on Market 6
Zoning R-6
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLA ROSA REALTY CW PROPERTIES L

Listing Map

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