For sale

Price cut: $20K (7/14)

$755,000

520 S Main Avenue, Lake Placid, FL 33852

8beds

4baths

2,572sqft

$4,898/mo

Get pre-qualified

Quadruplex, Multi Family, Multi Family

Built in 1982

-- sqft lot

$711,700 Zestimate^®

$294/sqft

$-- HOA

What's special

Durable metal roofFresh painted exterior

5 Units! 6.7-7.5% CapRate. See attached Offering Memorandum for Income/Expenses. 100% Occupied. Prime Multifamily Investment! Well-maintained 5-unit property located in the heart of Lake Placid. This income-producing asset features a strong unit mix: one 3-bedroom/1-bath unit, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units—appealing to a wide range of tenants. Property is easy to manage, tenants pay rent & send maintenance requests online, creating a streamlined, low-touch operation. Currently self-managed by owner & running efficiently. Fresh painted exterior. Building is topped w/ durable metal roof & use of window A/C units helps keep maintenance simple & cost-effective. Rents adjusted at renewal,built-in upside for future income growth. See OM & Income/Expenses attached.

92 days

131

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Appliances

Laundry: None

Features

Flooring: Laminate

Interior area

Total structure area: 2,572
Total interior livable area: 2,572 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 10

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Exterior features: Other

Details

Parcel number: P06373004002300170
Zoning: C2
Special conditions: Standard,Listed As-Is

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family, Multi Family

Materials

Block
Roof: Metal

Condition

Updated/Remodeled
New construction: No
Year built: 1982

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Other

Community & HOA

Community

Subdivision: HOFFMANS GROVE

HOA

Has HOA: No

Location

Region: Lake Placid

Financial & listing details

Price per square foot: $294/sqft
Annual tax amount: $5,611
Date on market: 4/28/2026
Cumulative days on market: 92 days
Listing terms: Cash,Conventional
Tenant pays: Electricity

Estimated market value

$711,700

$676,000 - $747,000

$1,381/mo

Price history

Date	Event	Price
7/14/2026	Price change	$755,000-2.6%$294/sqft
Source: BeachesMLS #B26021355 Report a problem
4/28/2026	Listed for sale	$775,000+34.8%$301/sqft
Source: BeachesMLS #B26021355 Report a problem
1/26/2024	Sold	$575,000-14.8%$224/sqft
Source: HFMLS #300498 Report a problem
12/27/2023	Pending sale	$675,000$262/sqft
Source: HFMLS #300498 Report a problem
12/16/2023	Listed for sale	$675,000-40.8%$262/sqft
Source: HFMLS #300498 Report a problem
5/31/2023	Sold	$1,140,000-12.2%$443/sqft
Source: HFMLS #293482 Report a problem
5/10/2023	Contingent	$1,299,000$505/sqft
Source: HFMLS #293482 Report a problem
4/3/2023	Price change	$1,299,000-7.1%$505/sqft
Source: HFMLS #293482 Report a problem
3/20/2023	Listed for sale	$1,399,000+646.1%$544/sqft
Source: HFMLS #293482 Report a problem
2/17/2014	Sold	$187,500$73/sqft
Source: Agent Provided Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified