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16025 WALLACE STREET

Multi-family For Sale
$499,000

BTC: 5.95358826

ETH: 188.30188679

28 days
7 bds
3,512 sqft

Overview

**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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1966
Lot:
0.37 Acres
Heating:
Central / Other
Price/sqft:
$142
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$5,583
2025
All facts and features
  • Heating

    • Central

    • Other

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Other interior features

    • Primary Bedroom Main Floor

    • Solid Surface Counters

    Bedrooms and bathrooms

    • Bedrooms: 7

  • Property

    • Exterior Features: Private Yard

    Lot

    • Lot: 0.37 Acres

    Other Property Information

    • Parcel Number: 261826050000101000

    • Zoning: R-6

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $5,584

  • Source details

    • MLS ID: V4951056

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Inside / Other

    • Living Area: 3512

    • Water Source: Well

    • Lot Size Dimensions: 166 x 100

    • Subdivision Name: LYNWOOD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. 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: LA ROSA REALTY CW PROPERTIES L