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520 S Main Avenue, Lake Placid FL 33852

Multi-family For Sale
$775,000

BTC: 12.07360506

ETH: 439.60656630

55 days
0 room(s)
2,572 sqft

Overview

5 Units! 6.5-7.3% 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, providing built-in upside for future income growth.

Location

Florida • Lake Placid • 33852 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1982
Lot:
No Data
Heating:
Window/Wall
Price/sqft:
$301
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$5,611
2025
Pets
Not allowed
All facts and features

  • Heating

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

  • Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: P06373004002300170

    • Zoning: C2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Other Utilities Available

    • Septic

    • Other

  • Other financial information

    • Annual tax amount: $5,611

  • Source details

    • MLS ID: B26021355

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Septic

    • Architectural Style: One Story

    • Living Area: 2572

    • Water Source: Public

    • Subdivision Name: HOFFMANS GROVE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33852
731
median $15K
Active
Same city
Lake Placid
725
median $15K
Active
Same type
Multi-family
2
median $550K
Active
Similar price
$542K – $1.0M
11
median $775K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Transworld Realty Services Inc