520 S Main AvenueLake Placid, FL 33852MLS Number B26021355

  • Price: $775,000
  • Est. Mortgage of $/month
  • 64 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jun 25, 2026
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520 S Main Avenue Lake Placid FL 33852520 S Main Avenue Lake Placid FL 33852520 S Main Avenue Lake Placid FL 33852520 S Main Avenue Lake Placid FL 33852520 S Main Avenue Lake Placid FL 33852520 S Main Avenue Lake Placid FL 33852520 S Main Avenue Lake Placid FL 33852520 S Main Avenue Lake Placid FL 33852
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  • 1982Year Built
  • 2,572Square Feet
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.
Listing by Transworld Realty Services Inc

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Ocean Estate Properties
Office: 561-504-9226
500 NE Spanish River Boulevard
Suite 104
Boca Raton, FL 33431

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Basic Information

  • Gross Income $62,400
  • Tenant Pays Electricity

Location

  • Address520 S Main Avenue
  • AreaOther Florida County
  • Building Number520
  • CountyHighlands
  • StateFL
  • StreetS Main Avenue
  • SubdivisionHoffmans Grove
  • TownLake Placid
  • Zip33852

Utilities

  • Heat SystemWall Furnace
  • Heating YN Yes
  • Utilities Other
  • Waste Water DisposalSeptic Tank

Legal

  • Parcel Number P06373004002300170
  • Universal Parcel Id urn:reso:upi:2.0:US:12055:P06373004002300170

Tax Information

  • Tax Legal Description 2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
  • Tax Year 2025
  • Taxes$5,611

Building

  • Building ConstructionBlock
  • Stories1
  • Structure Type Multi Family
  • Units4
  • Year Built1982

Interior

  • Flooring Laminate

Property Information

  • Property Condition Updated/Remodeled
  • Property Sub Type Additional Quadruplex
  • Square Feet2,572

Water Body

  • Water AccessPublic

Parking

  • Parking Total 10

Basic Information

  • List Price$775,000
  • MLS NumberB26021355
  • Modification Date06/25/2026
  • Property SubTypeQuadruplex
  • Property TypeResidential Income
  • StatusACT
  • Virtual TourView Tour

Exterior

  • Exterior Features Other
  • RoofMetal

Amenities

  • Cooling Wall/Window Unit(s)
  • Cooling YN Yes
  • PetsNo

Other

  • Date Listed04/28/2026
  • Documents Available Lease, Rent Rolls
  • Possession Close Of Escrow
  • Special Listing Conditions Standard, Listed As-Is

Based on information submitted to BeachesMLS as of June 30, 2026 7:56 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. 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.

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