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
| Office | LA ROSA REALTY CW PROPERTIES L |
|---|
