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    Lake Placid Duplex Opportunity

    608 Jupiter Avenue NW Lake Placid, FL 33852

    608 Jupiter Avenue NW, Lake Placid, FL, 33852
    $235,000
    For Sale
    Under Contract
    Claim this Listing
    $235,000

    DUPLEX - Lake Placid, FL

    Property Size1,928 SF
    Lot Size0.22 Acres
    Price / SF$121.89
    AddedApr 15
    Days on Market92
    Last RefreshJul 15 at 10:06 pm

    Property Features for 608 Jupiter Avenue NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4
    Parking features
    Driveway
    Interior features
    BB / HS Internet Available, Blinds, Cable TV Available, Ceiling Fans, Low Threshold Shower
    Standard status
    Active Under Contract
    APN
    C-14-37-29-110-1350-0300
    Size
    1,928 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PLACID LAKES SEC 11 PB 8-PG 7 LOT 30 BLK 135
    Tax Annual Amount
    2810

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1981
    Floors in Building
    1
    Flooring type
    Vinyl, Tile
    Building materials
    Concrete Block
    Roof type
    Shingle
    Architectural style
    Other

    Listing agent Kenneth Oxsalida

    Listing office Paradise Real Estate International LLC 3200 US Highway 27 S Suit 102, Sebring, FL

    Listing date Apr 15, 2026

    MLS# 324641 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This full duplex is located in the Placid Lakes community of Lake Placid. Both sides are vacant, making it suitable for an owner-occupant or investor looking to live in one unit and rent out the other. Each unit has an identical layout featuring two bedrooms and two full bathrooms, with tile flooring throughout. The galley kitchen opens to a dining and living area, with sliding glass doors that lead to the backyard. Each unit also includes a private laundry room. The property is situated on nearly a quarter-acre lot (0.22 acres). Residents of Placid Lakes have access to Lake June-in-Winter for boating, fishing, and other outdoor recreation, as well as a private park and boat ramp. Lake Placid is known for its charm and affordability, offering a relaxed Central Florida lifestyle with small-town appeal and easy access to major destinations. The property is a versatile investment in a growing area. The property size is 1928 square feet. The zoning is R2.

    Key Highlights

    • Full duplex built in 1981 with concrete block construction and a shingle roof
    • Both sides are vacant; identical unit layouts with 2 bedrooms and 2 full bathrooms per unit
    • Tile flooring throughout both units, plus vinyl in some areas

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $26.6k $13.80
    − Vacancy −$1.7k −$0.90
    EGI $24.9k $12.90
    − OpEx −$7.5k −$3.87
    NOI $17.4k $9.03
    1,928 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $248.8K
    $217.7K – $290.2K (±1% cap)
    NOI $17,414 @ 7.0% cap · market cap 7.41%
    Second Best
    Apartment 5plus
    $231.2K
    $202.3K – $269.7K (±1% cap)
    NOI $16,182 @ 7.0% cap · market cap 6.89%
    Theoretical Best
    Office A
    $401.1K
    $351.0K – $468.0K (±1% cap)
    NOI $28,078 @ 7.0% cap · market cap 11.95%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store HVAC Service Grocery & Convenience Store Garden Center Carpet & Flooring Store Pet Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Full duplex in Placid Lakes, perfect for owner-occupant or investor.
    Where is this duplex located?
    The property is located at 608 Jupiter Avenue NW Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Full duplex built in 1981 with concrete block construction and a shingle roof; Both sides are vacant; identical unit layouts with 2 bedrooms and 2 full bathrooms per unit; Tile flooring throughout both units, plus vinyl in some areas
    Contact an agent
    (863) 272-2396
    We can help!
    Contact an agent
    Kenneth Oxsalida
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