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Property Description
**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.**
Full Property Details
Full Property Details for 16025 Wallace St
General
- Price: $499,000
- Taxes: $5,583 (2025)
- Status: Active
- Type: Triplex
- Source: MidFloridaRegionalMLS
- MLS ID: V4951056
- Updated: 9/4/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Primary Bedroom Main Floor, Solid Surface Counters
Rooms
Other Rooms
- Laundry: Inside, Other
Exterior
- Exterior Features: Private Yard
Location
- Area: 32784 - Umatilla / Dona Vista
- County: Lake
- Development Name: 32784 - Umatilla / Dona Vista
- Subdivision: LYNWOOD
- Driving Directions: right side of wallace st
Community
- Community Name: 32784 - Umatilla / Dona Vista
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Other
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Roof: Membrane, Shingle
- Square Feet: 3,512
- Sq. Ft. Source: Public Records
- Year Built: 1966
Lot Features
- Lot Size (Acres): 0.37
- Lot Size (Sq. Ft.): 15,902
- Lot Size: 15902
- Lot Dimensions: 166 x 100
- Street/Road Desc.: Dirt
Financial Considerations
- Tax Amount: $5,583.98
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LYNNWOOD LOTS 10 11 BLK 1 PB 12 PG 26 ORB 6278 PG 1710
- Flood Zone Info: X
- APN: 261826050000101000
- Property ID: 261826050000101000
- Block/Lot/Section: 1
Listed by La Rosa Realty Cw Properties L
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Schools
Schools serving 16025 Wallace St
School District:Lake County School District
| Name | Grades | Distance |
|---|---|---|
Umatilla Elementary School 401 Lake Street, Umatilla, FL 32784 | PK-5 | 3.2 mi |
Umatilla Middle School 305 East Lake Street, Umatilla, FL 32784 | 6-8 | 3 mi |
Umatilla High School 320 North Trowell Avenue, Umatilla, FL 32784 | 9-12 | 3 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 16025 Wallace St
Date
Details
Price
Change
Source
9/03/2026
Listed
$499,000
—
MLS
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
Tax History for 16025 Wallace St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,096
—
$298,775
57%
2024
$4,096
13%
$189,799
3%
2023
$3,612
67%
$184,068
34%
2021
$2,157
-36%
$137,155
-25%
2022
$3,356
56%
$184,068
36%
2021
$2,157
—
$135,833
3%
2018
$2,149
-4%
$132,094
-1%
2019
$2,237
12%
$133,822
6%
2017
$1,999
—
$126,603
1%
2016
$2,004
-1%
$124,769
1%
2015
$2,026
—
$123,080
1%
2014
$2,025
5%
$121,531
3%
2013
$1,923
—
$118,116
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16025 Wallace St
16025 Wallace Street, Umatilla, FL 32784 (MLS# V4951056) is a Triplex property with 0 bedrooms and 0 full bathrooms. 16025 Wallace Street is currently listed for $499,000 and was received on September 03, 2026. Want to learn more about 16025 Wallace Street? Do you have questions about finding other Triplex real estate for sale in Umatilla? You can browse all Umatilla real estate or contact a Coldwell Banker agent to request more information.

