For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Placid Duplex Opportunity Title is generated by Realmo AI

    608 Jupiter Avenue NW, Lake Placid, FL 33852

    View on Map
    Claim this Listing
    For Sale
    $235,000

    DUPLEX - Lake Placid, FL

    Property size:
    1,928 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $121/SF
    Added:
    Apr 15, 2026
    Days on Market:
    78
    Last Refresh:
    Jul 1 at 2:06 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
    Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 2
    Parking features
    Driveway
    Interior features
    BB / HS Internet Available, Blinds, Cable TV Available, Ceiling Fans, Low Threshold Shower
    Standard status
    Active
    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
    Central Air, Electric

    Building Details

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

    We can help!

    Contact an agent
    Kenneth Oxsalida

    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.

    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
    • Each unit includes a galley kitchen opening to dining and living areas, and sliding glass doors to the backyard
    • Private laundry room in each unit
    • Nearly a quarter‑acre lot with driveway parking

    Overview

    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.

    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 Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Department Store HVAC Service Garden Center Discount Store Grocery & Convenience Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.403036
    Latitude
    27.266455

    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
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message