About 16025 Wallace Street
**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.**
Features of 16025 Wallace Street
| MLS® # | V4951056 |
|---|---|
| Price | $499,000 |
| Square Footage | 3,512 |
| Acres | 0.37 |
| Year Built | 1966 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | LA ROSA REALTY CW PROPERTIES L |
|---|
Listing Map
Neighborhood Information for 16025 Wallace Street
Stable Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
The Learning Curve Academy Inc. Private - to |
1 Miles | |
|
|
Lake County Prep Academy Private - to |
2 Miles | |
|
Umatilla High School Public - 9Th Grade to 12Th Grade - Closest High School |
3 Miles | |
|
Umatilla Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
3 Miles | |
|
Eustis Elementary School Public - Kindergarten to 5Th Grade - Closest Elementry School |
3 Miles | |
|
Umatilla Elementary School Public - Preschool to 5Th Grade |
3 Miles | |
|
|
Eustis High School Public - 9Th Grade to 12Th Grade |
3 Miles |
School data provided by GreatSchools