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Remodeled Quadplex with Occupied Units
New
For Sale
$500,000

509 Washington Boulevard NE, Lake Placid, FL 33852

Four refreshed residences in Placid Lakes, with two currently tenant occupied and updated interiors throughout.

Property SizeContact for details
Days on Market2

Property Features for 509 Washington Boulevard NE

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Building Details

Year Built 1984
Listing Agency: Heartland Real Estate Co.
Listed By: Rachel Lovett · License #RMURPH
Source: Flheritagegroup
Added: Sep 7 Last Checked: Sep 8 at 4:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heartland Real Estate Co.

Investment Insights

Based on property information with market context.

This quadplex in Placid Lakes contains four remodeled residences, each arranged with 2 bedrooms, 1 bathroom, and an open-concept living area. Interior updates include new flooring, contemporary fixtures, modern appliances, and updated finishes. The property was built in 1984, and two of the units are currently tenant occupied.

The property is located at 509 Washington Boulevard NE in Lake Placid, Florida. Downtown Lake Placid is a short distance away, with restaurants, shopping, community events, and lakes in the surrounding area. The four-unit configuration combines refreshed interiors with existing occupancy in two residences.

Key Highlights

  • Four‑unit quadplex with all units remodeled
  • Each residence includes 2 bedrooms and 1 bathroom
  • Two units are currently tenant occupied

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant HVAC Service Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

55
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four refreshed residences in Placid Lakes, with two currently tenant occupied and updated interiors throughout.
Where is this quadplex located?
The property is located at 509 Washington Boulevard NE Lake Placid, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units remodeled; Each residence includes 2 bedrooms and 1 bathroom; Two units are currently tenant occupied
More about this property
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