**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.**
For sale
$499,000
16025 WALLACE STREET, UMATILLA, FL 32784
--beds
0baths
3,512sqft
Triplex, Multi Family
Built in 1966
-- sqft lot
$-- Zestimate®
$142/sqft
$-- HOA
What's special
- 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#: V4951056
Originating 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
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $499,000+171.2%$142/sqft |
Source: | ||
| 7/15/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/1/2022 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/7/2022 | Sold | $184,000$52/sqft |
Source: Public Record Report a problem | ||
| 5/16/2022 | Pending sale | $184,000$52/sqft |
Source: | ||
| 5/10/2022 | Price change | $184,000-6.6%$52/sqft |
Source: | ||
| 4/28/2022 | Price change | $197,000-26.2%$56/sqft |
Source: | ||
| 4/25/2022 | Listed for sale | $267,000+97.8%$76/sqft |
Source: | ||
| 10/7/2021 | Sold | $135,000+80%$38/sqft |
Source: Public Record Report a problem | ||
| 11/16/2012 | Sold | $75,000+7.3%$21/sqft |
Source: Public Record Report a problem | ||
| 9/30/2012 | Listed for sale | $69,900$20/sqft |
Source: The Real Estate Book #G4678967 Report a problem | ||
| 8/29/2012 | Listing removed | $69,900$20/sqft |
Source: Vangie Berry Signature Realty #G4678967 Report a problem | ||
| 7/31/2012 | Price change | $69,900-6.2%$20/sqft |
Source: Vangie Berry Signature Realty #G4678967 Report a problem | ||
| 6/16/2012 | Price change | $74,500-11.8%$21/sqft |
Source: Vangie Berry Signature Realty #G4678967 Report a problem | ||
| 3/13/2012 | Price change | $84,500-6%$24/sqft |
Source: Vangie Berry Signature Realty #G4678967 Report a problem | ||
| 12/13/2011 | Listed for sale | $89,900+308.6%$26/sqft |
Source: Vangie Berry Signature Realty #G4678967 Report a problem | ||
| 3/16/1994 | Sold | $22,000$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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







