Two-Unit Duplex with In-Unit
139 Serenity Ave, Lake Placid, FL 33852
MULTI_FAMILY - Other - Lake Placid, FL
Property size:
1,568 SFLot size:
0.17 AcresPrice / SF:
$133/SF- Added:
- Apr 24, 2026
- Days on Market:
- 75
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 139 Serenity Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4
- Standard status
- Active
- 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
Building Details
- Year built
- 1977
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Elena Silva, P.a.
Listing office The Pipal Group 433 S Pine St, Sebring, FL
Listing date Apr 24, 2026
MLS# 11736394
Listing URL
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.
HighLights
- Duplex built in 1977 with two 2BR/1BA units (total 4 bedrooms, 2 bathrooms)
- Brand new roof installed in 2024
- Public water with septic tank sewer service
- Each unit includes in‑unit laundry and a private enclosed back porch
- Both units currently tenant‑occupied on a month‑to‑month basis
Overview
This for-sale duplex contains two separate 2-bedroom, 1-bath units, for a total of four bedrooms and two bathrooms. Each unit includes in-unit laundry and a private enclosed back porch, providing added daily convenience and usable outdoor space. The property is being sold in “AS IS” condition, with no owner financing.
The duplex is located at 139 Serenity Ave in Lake Placid, Florida, in Highlands County. Both units are currently tenant-occupied on a month-to-month basis. The seller is accepting backup offers, and showings are by appointment only, with instructions not to disturb tenants.
The current layout and amenities make the property suitable for investors seeking a multi-unit residential income asset with in-unit laundry and enclosed porch space, as well as owner-occupants looking to offset their expenses while living in one unit. A major exterior improvement includes a brand new roof installed in 2024.
The duplex is located at 139 Serenity Ave in Lake Placid, Florida, in Highlands County. Both units are currently tenant-occupied on a month-to-month basis. The seller is accepting backup offers, and showings are by appointment only, with instructions not to disturb tenants.
The current layout and amenities make the property suitable for investors seeking a multi-unit residential income asset with in-unit laundry and enclosed porch space, as well as owner-occupants looking to offset their expenses while living in one unit. A major exterior improvement includes a brand new roof installed in 2024.
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 | $21.6k | $13.80 |
| − Vacancy | −$1.4k | −$0.90 |
| EGI | $20.2k | $12.90 |
| − OpEx | −$6.1k | −$3.87 |
| NOI | $14.2k | $9.03 |
1,568 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.36916
- Latitude
- 27.301093
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with two 2BR/1BA units, in-unit laundry, and an enclosed back porch in a tenant-occupied setup.
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: Duplex built in 1977 with two 2BR/1BA units (total 4 bedrooms, 2 bathrooms); Brand new roof installed in 2024; Public water with septic tank sewer service
