Skip main navigation
For sale
  • $499,000

    16025 WALLACE STREET, UMATILLA, FL 32784

    --beds
    0baths
    3,512sqft
    : 
    $3,308/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 1966
    -- sqft lot
    $-- Zestimate®
    $142/sqft
    $-- HOA

    What's special

    **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.**
    4 days
    76
    3

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Ricardo Adames 407-279-0018,

    LA ROSA REALTY CW PROPERTIES L 407-910-2168

    Source: Stellar MLS,MLS#: V4951056MLS LogoOriginating MLS: Osceola

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Central, Other
      Cooling
      • Central Air, Wall/Window Unit(s)
      Appliances
      • Laundry: Inside, Other
      Features
      • Primary Bedroom Main Floor, Solid Surface Counters
      • Has fireplace: No
      Interior area
      • Total interior livable area: 3,512 sqft
      Video & virtual tour

      Property

      Features
      • Exterior features: Private Yard
      Lot
      • Size: 0.37 Acres
      • Dimensions: 166 x 100
      Details
      • Parcel number: 261826050000101000
      • Zoning: R-6
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Block
      • Foundation: Slab
      • Roof: Membrane,Shingle
      Condition
      • New construction: No
      • Year built: 1966

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: LYNWOOD
      HOA
      • Has HOA: No
      Location
      • Region: Umatilla

      Financial & listing details

      • Price per square foot: $142/sqft
      • Tax assessed value: $298,775
      • Annual tax amount: $5,583
      • Date on market: 9/3/2026
      • Cumulative days on market: 5 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Dirt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/3/2026Listed for sale$499,000+171.2%$142/sqft
        Source: Stellar MLS #V4951056 Report a problem
        7/15/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        7/1/2022Listed for rent$2,500$1/sqft
        Source: Zillow Rental Manager Report a problem
        6/7/2022Sold$184,000$52/sqft
        Source: Public Record Report a problem
        5/16/2022Pending sale$184,000$52/sqft
        Source: Stellar MLS #G5054790 Report a problem
        5/10/2022Price change$184,000-6.6%$52/sqft
        Source: Stellar MLS #G5054790 Report a problem
        4/28/2022Price change$197,000-26.2%$56/sqft
        Source: Stellar MLS #G5054790 Report a problem
        4/25/2022Listed for sale$267,000+97.8%$76/sqft
        Source: Stellar MLS #G5054634 Report a problem
        10/7/2021Sold$135,000+80%$38/sqft
        Source: Public Record Report a problem
        11/16/2012Sold$75,000+7.3%$21/sqft
        Source: Public Record Report a problem
        9/30/2012Listed for sale$69,900$20/sqft
        Source: The Real Estate Book #G4678967 Report a problem
        8/29/2012Listing removed$69,900$20/sqft
        Source: Vangie Berry Signature Realty #G4678967 Report a problem
        7/31/2012Price change$69,900-6.2%$20/sqft
        Source: Vangie Berry Signature Realty #G4678967 Report a problem
        6/16/2012Price change$74,500-11.8%$21/sqft
        Source: Vangie Berry Signature Realty #G4678967 Report a problem
        3/13/2012Price change$84,500-6%$24/sqft
        Source: Vangie Berry Signature Realty #G4678967 Report a problem
        12/13/2011Listed for sale$89,900+308.6%$26/sqft
        Source: Vangie Berry Signature Realty #G4678967 Report a problem
        3/16/1994Sold$22,000$6/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,584 +36.3%$298,775 +57.4%
        2024$4,096 +13.4%$189,799 +3.1%
        2023$3,612 +7.6%$184,068
        2022$3,356 +55.6%$184,068 +34.2%
        2021$2,157 -4.1%$137,155 +1%
        2020$2,250 +0.6%$135,833 +1.5%
        2019$2,237 +4.1%$133,822 +1.3%
        2018$2,149 $132,094 +4.3%
        2017$2,149 +7.5%$126,603 +1.5%
        2016$1,999 -0.3%$124,769 +1.4%
        2015$2,004 -1%$123,080 +1.3%
        2014$2,025 +69.7%$121,531 +2.9%
        2013$1,193 -9.9%$118,116 -6.6%
        2012$1,324 -18.5%$126,415 -13.7%
        2011$1,625 -5.9%$146,458 -3.4%
        2010$1,728 +0.4%$151,614 +0.2%
        2009$1,721 +3.2%$151,282 +2.3%
        2008$1,668 -9.2%$147,893 +1.2%
        2007$1,837 +5.7%$146,131 +11.3%
        2006$1,739 +28.3%$131,291 +20.4%
        2005$1,355 +8.2%$109,069
        2004$1,252 -0.9%--
        2003$1,263 +12.2%$101,063 +4.9%
        2002$1,126 $96,382 +1.6%
        2001$1,126 +2.4%$94,865 +0.3%
        2000$1,099 $94,588
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32784

        Getting around

        24 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts