**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.**
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.**
Property Details
Price:
$499,000
MLS #:
V4951056
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Subtype:
Triplex
Subdivision:
LYNWOOD
Neighborhood:
32784umatilladonavista
Listed Date:
Sep 3, 2026
Finished Sq Ft:
3,512
Lot Size:
15,902 sqft / 0.37 acres (approx)
Year Built:
1966
See this Listing
Schools
Interior
Cooling
Central Air, Wall/Window Unit(s)
Heating
Central, Other
Interior Features
Primary Bedroom Main Floor, Solid Surface Counters
Laundry Features
Inside, Other
Exterior
Construction Materials
Block
Exterior Features
Private Yard
Roof
Membrane, Shingle
Financial
Tax Year
2025
Taxes
$5,584
Map
Community
- Address16025 WALLACE STREET UMATILLA FL
- SubdivisionLYNWOOD
- CityUMATILLA
- CountyLake
- Zip Code32784
Subdivisions in UMATILLA
- 0004
- ACREAGE & UNREC
- ANNA D GUERRANT
- BIG SCRUB CAMPSITES
- BIG TREE CAMPSITES SEC D
- BIG TREE CAMPSITES SEC. D
- BRENNAND SUB
- CREST HAVEN 01
- CROOKED OAK ESTATES
- DREAM LAKE POULTRY RANCHES
- EAST UMATILLA
- EUSTIS PARK SUB
- FLORIDA ORANGE GROVE CORP
- FOREST LAKE CAMPSITES
- FOREST LAKES CAMPSITES
- FOREST RIDGE CAMPSITES
- FRST LAKE CAMPSITES
- FRST LAKES CAMPSITES
- GIBSON & GOTHERMANS ADD
- GIVEN’S SUB-TROWELL’S SUB
- HI-LAND COURT
- HIGLEY
- LAKE COOLEY ESTATES
- LAKE MURPHY ESTATES
- LAKE SMITH ESTATES SUB
- LAKENRIDGE
- LEE ACRES
- LYNNWOOD
- MAGNOLIA POINTE
- MAGNOLIA POINTE PH 1
- MAGNOLIA POINTE PHASE 1
- MARION PINES HILLS
- MERRILL-VAUGHN SUB
- METES AND BOUNDS LEGAL
- NON SUB
- OSCEOLA PARK
- ROLLING WOODS
- SANDY ACRES ESTATE
- SANDY ACRES RANCH
- SEASONS AT MAGNOLIA POINTE
- SHORELIN RANCH
- SHORELINE RANCH
- SILVER BEACH HIGHTS
- SILVER LAKE PARK
- SMITHS CARRIE E
- TARPON DEVELOPMENT
- THREE LAKES SUB
- TWIN LAKES ESTATES
- TWIN LAKES ESTATES PHASE III
- UMATILLA ANNA D GUERRANT SUB
- UMATILLA BUENA VISTA SUB
- UMATILLA COTTAGES AT WATERS EDGE
- UMATILLA DE VAULTS
- UMATILLA KRISTIN TERRACE
- UMATILLA LAKE MARY ESTATES
- UMATILLA LAKE MARY ESTATES SUB
- UMATILLA MITCHENORS ADD
- UMATILLA PALM COURT
- UMATILLA SWISS BELLEVUE SUB
- UMATILLA TURPENTINE COS
- UMATILLA VAUGHN SUB
- UMATILLA YANCEYS ADD
Market Summary
Current real estate data for Multi Family in UMATILLA as of Sep 10, 2026
3
Multi Family Listed
81
Avg DOM
173
Avg $ / SqFt
$921,333
Avg List Price
Property Summary
- Located in the LYNWOOD subdivision, 16025 WALLACE STREET UMATILLA FL is a Multi Family for sale in UMATILLA, FL, 32784. It is listed for $499,000 To schedule a showing of MLS#v4951056 at 16025 WALLACE STREET in UMATILLA, FL, contact your CENTURY 21 Carioti agent at 2392986550.
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Courtesy of LA ROSA REALTY CW PROPERTIES L. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 16025 WALLACE STREET
UMATILLA, FL
