Duplex with New
For Sale
$210,000
139 Serenity Ave, Lake Placid, FL 33852
Residential Income, Lake Placid, FL
Property Size1,568 SF
Lot Size0.17 Acres
Price / SF$133.93
Days on Market171
Property Features for 139 Serenity Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
High school district
000000
Directions
Head toward S Oak Ave, at the traffic circle, take the 3rd exit onto Serenity Avenue, exit the traffic circle onto Serenity Avenue, arrived at 139 Serenity Avenue Lake Placid, FL 33852
Standard status
Active
APN
P-36-36-29-210-00C0-0240
Size
1,568 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1408
Utilities
Sewer type
Septic Tank
Water source
Public
Amenities
in-unit laundry
private enclosed back porch
Building Details
Year built
1977
Roof type
Asphalt
Architectural style
Other
Listing Agency:
The Pipal Group
Listed By:
Elena Silva, P.a.
(305) 916-8214
Added: Apr 24
Changed: Sep 17
Last Checked: Oct 11 at 8:06PM
MLS# 11736394
Copyright © 2026 My State MLS. 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 duplex contains two 2BR/1BA units within a 1,568-square-foot residential property built in 1977. Both units are tenant-occupied under month-to-month arrangements and include in-unit laundry along with a private enclosed back porch. The property is offered in AS IS condition, with showings available by appointment and no owner financing.
A new asphalt roof was installed in 2024. The 0.17-acre property is served by public water and a septic tank, providing the core utility infrastructure for the existing residential configuration. The two-unit layout offers separate living spaces and a total of four bedrooms and two bathrooms.
A new asphalt roof was installed in 2024. The 0.17-acre property is served by public water and a septic tank, providing the core utility infrastructure for the existing residential configuration. The two-unit layout offers separate living spaces and a total of four bedrooms and two bathrooms.
Key Highlights
- Two 2BR/1BA units with 4 bedrooms and 2 bathrooms total
- New asphalt roof installed in 2024
- 1,568 square feet on a 0.17‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,162
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,240
$283.2K
Cap Rate 7%
$202,314
$202.3K
Cap Rate 9%
$157,356
$157.4K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$21.6K $13.80/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$20.2K $12.90/SF
− OpEx
−$6.1K −$3.87/SF
NOI
$14.2K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,240
Cap Rate 7%
$202,314
Cap Rate 9%
$157,356
Alternative Uses
Best Use
Multifamily LT 5
$202.3K
$177.0K – $236.0K
NOI $14,162 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$188.0K
$164.5K – $219.4K
NOI $13,161 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$326.2K
$285.4K – $380.6K
NOI $22,835 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 33852, FL
21,635
Population
12,991
Households
1.7
Avg Household Size
55
Median Age
20%
College-Educated
85%
High-School Grad
293.4 sq mi
ZIP Area
74
Density / Sq Mi
$54,841
Median Household Income
$39,658
Median Earnings
$1,063
Median Rent
$205,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied units offer in-unit laundry, enclosed porches, and month-to-month occupancy.
Where is this duplex located?
The property is located at 139 Serenity Ave Lake Placid, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two 2BR/1BA units with 4 bedrooms and 2 bathrooms total; New asphalt roof installed in 2024; 1,568 square feet on a 0.17‑acre lot
