• $499,000List Price
  • ActiveStatus
  • 26Number of Photos
  • 28.893931Latitude
  • 16025 Wallace StreetAddress
  • Wallace StreetStreet
  • UmatillaTown
  • FLState
  • 32784Zip
  • LakeCounty
  • Residential IncomeProperty Type
  • V4951056MLS Number
  • 3,512Square Feet
  • 1966Year Built
  • 0.37Acreage

Listing Tools

**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.**

Location

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 4, 2026 12:37 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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