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$775,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
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5 Units! Prime Multifamily Investment Opportunity! Well-maintained 5-unit multifamily 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. The property is easy to manage as tenants pay rent & send maintenance requests online, creating a streamlined, low-touch operation. Currently self-managed by the owner and running efficiently. Freshly painted exterior. The building is topped with a durable metal roof and the use of window A/C units helps keep maintenance simple and cost-effective. Rents are adjusted at renewal, providing built-in upside for future income growth.

Full Property Details for 520 S Main Ave

General

  • Price: $775,000
  • Taxes: $5,611 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: B26021355
  • Updated: 4/28/2026
  • Added to Site: 28 day(s) ago

Interior

  • Flooring: Laminate

Exterior

  • Exterior Features: Other

Parking

  • Total Spaces: 10

Location

  • County: Highlands
  • Subdivision: HOFFMANS GROVE

Community

  • Community Name: 5940 - Other Florida County
  • Units Assoc/Comm: 4

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: Other
  • # Electric Meters: 5

Structural Information

  • Structure Type: Multi Family
  • Construction: Block
  • Roof: Metal
  • Stories/Levels: 1
  • Building Size: 2572
  • Square Feet: 2,572
  • Sq. Ft. Source: Public Records
  • Living Area: 2,572 Sq. Ft.
  • Year Built: 1982
  • Property Condition: Updated/Remodeled

Lot Features

  • Zoning: C2

Financial Considerations

  • Tax Amount: $5,611
  • Tax Year: 2025
  • Terms: Cash, Conventional
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: Standard, Listed As-Is
  • Documents Avail.: Lease, Rent Rolls
  • Legal Description: 2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
  • Property ID: P06373004002300170

Listed by Transworld Realty Services Inc

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Listing agent

— 520 S Main Ave —

  • Transworld Realty Services Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 520 S Main Ave

School District:Highlands County School District
NameGradesDistance
Lake Placid Elementary School
101 Green Dragon Drive, Lake Placid, FL 33852
PK-50.4 mi
Lake Placid High School
202 Green Dragon Drive, Lake Placid, FL 33852
9-120.5 mi
Lake Placid Middle School
201 South Tangerine Avenue, Lake Placid, FL 33852
6-80.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 520 S Main Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/28/2026
Listed
$775,000
34.78%
MLS
1/26/2024
Sold
$575,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 520 S Main Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,822
—
$341,162
19%
2024
$4,822
30%
$286,612
33%
2023
$3,716
77%
$215,257
47%
2022
$2,100
10%
$146,054
27%
2021
$1,903
—
$114,780
15%
2021
$1,903
17%
$100,078
32%
2019
$1,627
5%
$75,573
10%
2018
$1,554
5%
$68,703
-24%
2017
$1,473
15%
$90,472
35%
2016
$1,278
14%
$67,061
30%
2015
$1,119
3%
$51,617
3%
2014
$1,091
9%
$49,927
2%
2013
$1,003
—
$49,091
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Transworld Realty Services Inc

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520 S Main Avenue, Lake Placid, FL 33852 (MLS# B26021355) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 520 S Main Avenue is currently listed for $775,000 and was received on April 28, 2026. Want to learn more about 520 S Main Avenue? Do you have questions about finding other Multi-Family real estate for sale in Lake Placid? You can browse all Lake Placid real estate or contact a Coldwell Banker agent to request more information.

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