520 S Main Avenue
Lake Placid, FL 33852
8
Bed
4
Bath
2,572Sqft
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: MetalLaundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1982Building Area Total: 2572Construction Materials: BlockStories: 1Private Pool: No -
Exterior Features
Exterior Features: Other
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Listing Price Information
Listing Price: $775000Cash, Conventional
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Tax Information
Parcel Number: P06373004002300170 Tax Year: 2025 Annual Tax: $5611 Tax Legal Desc: 2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
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Parking Information
Parking Total: 10Garage Information
Pets Allowed: No
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Utility Information
Other -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 101-103 Jasmine Ct, Lake Placid, FL, 33852 | $325,000 | 3 | 2 | 1,808 | 1,808 SqFt |
| 2105 S Us 27 Highway S, Lake Placid, FL, 33852 | $2,999,000 | 9 | 9 | 1,540 | 1,540 SqFt |
| 231 Lakeland Drive, Lake Placid, FL, 33852 | $23,989 | -- | -- | -- | |
| 313 Blue Heaven Drive, Lake Placid, FL, 33852 | $22,500 | -- | -- | -- | |
| 320 County Road 619, Lake Placid, FL, 33852 | $149,900 | 3 | 2 | 1,400 | 1,400 SqFt |
| 647 Concert Drive, Lake Placid, FL, 33852 | $14,000 | -- | -- | -- | |
| 427 Washington Boulevard, Lake Placid, FL, 33852 | $17,000 | -- | -- | -- | |
| 16 Lakeview Street, Lake Placid, FL, 33852 | $270,000 | 5 | 3 | 1,429 | 1,429 SqFt |
| 224 Cessna Way, Lake Placid, FL, 33852 | $615,000 | 6 | 4 | 2,916 | 2,916 SqFt |
| 608 Jupiter Avenue, Lake Placid, FL, 33852 | $235,000 | 4 | 4 | 1,928 | 1,928 SqFt |
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ByOwner last updated this listing 06/17/2026 @ 11:26
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