520 S Main Avenue, Lake Placid, FL 33852
- Beds
- —
- Baths
- 0
- Sqft
- 2,572
- Home type
- Quadruplex
- Year built
- 1982
- Lot size
- —
- Price / sqft
- $294
- HOA
- $0/mo
- Community
- HOFFMANS GROVE
Property description
5 Units! 6.7-7.5% 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,built-in upside for future income growth. See OM & Income/Expenses attached.
Listing activity
- Days on market
- 142
- Listed
- Apr 28, 2026
- MLS listing updated
- Sep 17, 2026
- Feed last checked
- 12 minutes ago
Listed by Kimberly Donato · Transworld Realty Services Inc
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms
- 0
- Bathrooms (decimal)
- 0
Rooms & features
- Flooring
- Laminate
- Laundry
- None
Heating & cooling
- Heating
- Window/Wall
- Cooling
- Wall/Window Unit(s)
Property
Exterior
- Stories
- 1
- Building area
- 2,572 sqft
- Exterior features
- Other
- Pool
- No
- Waterfront property
- No
Lot
- Zoning
- C2
Construction
Type & style
- Home type
- Quadruplex
- Structure type
- Multi Family
- Year built
- 1982
- New construction
- No
Materials
- Construction
- CBS
- Roof
- Metal
- Property condition
- Updated/Remodeled
- Levels
- One
Utilities & green energy
Utilities
- Sewer
- Septic Tank
- Water
- Public
- Utilities
- Other
Community & HOA
Community
- Subdivision
- HOFFMANS GROVE
- MLS area
- 5940 - Other Florida County
- MLS subarea
- Other
- Pets allowed
- No
- 55+ community
- No
Association
- Has association
- No
- Estimated monthly dues
- $0
Lease details
Rental information
- Tenant pays
- Electricity
Location
Area details
- City
- Lake Placid
- County
- Highlands
- ZIP code
- 33852
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- B26021355
- Possession
- Close Of Escrow
- Original list price
- $775,000
- Parcel number
- P06373004002300170
- Annual property tax
- $5,611
- Tax year
- 2025
- Tax legal description
- 2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
- Special listing conditions
- Standard
Additional MLS details
Reported by the listing source
- Association
- No
- Bathrooms Total Decimal
- 0
- Bathrooms Total Integer
- 0
- Building Area Total
- 2572
- Construction Materials
- CBS
- County Or Parish
- Highlands
- Days On Market
- 142
- Laundry Features
- None
- List Price
- 755000
- Listing Contract Date
- 2026-04-28
- Living Area
- 2572
- MLSArea Major
- 5940 - Other Florida County
- MLSArea Minor
- Other
- Mls Status
- Active
- On Market Date
- 2026-04-28
- Photos Count
- 8
- Postal Code
- 33852
- Price Change Timestamp
- 2026-07-14T18:01:14Z
- Property Sub Type
- Quadruplex
- Property Type
- Residential Income
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-04-28T19:35:41Z
- Stories Total
- 1
- Subdivision Name
- HOFFMANS GROVE
- Water Source
- Public
- Tax Annual Amount
- 5611
- Pool Private
- No
- Waterfront
- No
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Apr 28, 2026 | ListedBeachesMLS | $775,000$301/sqft |
| Jul 14, 2026 | Price reducedBeachesMLS | $755,000$294/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $5,611 | — |
Payment calculator
- Principal & interest
- $3,918
- Property taxes
- $468
- Insurance
- $378
- Association dues
- $0
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
HOFFMANS GROVELake Placid · Highlands County · 33852
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
Not reported by the listing source.
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.Nearby homes
12 homes
MIAMI REALTORS® MLSMIAMI REALTORS® MLS
Property photos coming from MLSProperty photos coming from MLSMIAMI REALTORS® MLSProperty photos coming from MLSProperty photos coming from MLSMIAMI REALTORS® MLSMIAMI REALTORS® MLS