Duplex Investment Opportunity in Growing Lake Placid – 2 Units, Strong Income Potential!
Don’t miss this opportunity to own a maintained duplex featuring two 2-bedroom, 2-bathroom units in the desirable Placid Lakes community of Lake Placid, FL.
This property offers the perfect blend of affordability, income potential, and future growth, making it ideal for both seasoned investors and those just getting started.
Each unit features:
2 spacious bedrooms & 2 full bathrooms
Functional layouts ideal for long-term tenants
Strong rental demand in a growing area
Located in the heart of Lake Placid, a community experiencing continued growth and revitalization, including improvements to its downtown Main Street district with new shops, dining, and local attractions.
Investment Highlights:
Two income-producing units at an affordable price
Consistent rental income
Low operating expenses
Opportunity to increase rents over time
Whether you’re looking to expand your portfolio, generate passive income, or house hack, this duplex is a smart move.
Own TWO doors for under $250K — opportunities like this are rare! Ask about additional duplex available on the same street; great opportunity for investors looking to scale!
Address for both doors: 573-577 Vanguard Ave NW. Lake Placid, FL 33852/ Photos shown are only of 577 Vanguard Ave. NW
For sale
$249,500
573 Vanguard Ave NW, Lake Placid, FL 33852
4beds
--sqft
Est.:
Multi Family
Built in 2006
-- sqft lot
$250,400 Zestimate®
$--/sqft
$-- HOA
What's special
Spacious bedrooms
- 1 day |
- 84 |
- 6 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jessica Nunez,
Paradise Real Estate International LLC
Source: HFMLS,MLS#: 324957Originating MLS: Heartland Association Of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
Features
- Flooring: Tile
- Windows: Single Hung
Video & virtual tour
Property
Parking
- Parking features: Two Spaces
Features
- Levels: One
- Stories: 1
- Pool features: None
- Frontage length: 80
Lot
- Size: 10,018.8 Square Feet
Details
- Additional parcels included: ,,
- Parcel number: C14372911013700090
- Zoning description: R2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Multi Family
Materials
- Block, Concrete
- Roof: Shingle
Condition
- Average Condition,Resale
- Year built: 2006
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lake Placid
Financial & listing details
- Tax assessed value: $199,830
- Annual tax amount: $2,829
- Date on market: 4/30/2026
- Cumulative days on market: 3 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$250,400
$220,000 - $280,000
$1,050/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Listed for sale | $249,500+211.9% |
Source: HFMLS #324957 Report a problem | ||
| 4/29/2025 | Listing removed | $1,100 |
Source: HFMLS #313778 Report a problem | ||
| 4/18/2025 | Listed for rent | $1,100+57.1% |
Source: HFMLS #313778 Report a problem | ||
| 2/19/2019 | Listing removed | $700 |
Source: Zillow Rental Network Report a problem | ||
| 2/10/2019 | Listed for rent | $700 |
Source: Zillow Rental Network Report a problem | ||
| 12/28/2005 | Sold | $80,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,737 +5.5% | $199,830 +5.5% |
| 2023 | $2,594 +17.9% | $189,454 +44.4% |
| 2022 | $2,201 +9.3% | $131,242 +29.4% |
| 2021 | $2,014 +17.9% | $101,410 +9.1% |
| 2020 | $1,709 | $92,968 +29% |
| 2019 | $1,709 +12.6% | $72,051 +2.6% |
| 2018 | $1,517 +1.1% | $70,243 -10.3% |
| 2017 | $1,500 +6.3% | $78,288 +47.4% |
| 2016 | $1,412 +15.1% | $53,104 +17.7% |
| 2015 | $1,226 +16.1% | $45,126 |
| 2014 | $1,056 | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$1,578/mo
Principal & interest
$1279
Property taxes
$299
More affordability tools
Climate risks
Neighborhood: 33852
Nearby schools
GreatSchools rating
- 9/10Lake Placid Elementary SchoolGrades: PK-5Distance: 3 mi
- 4/10Lake Placid Middle SchoolGrades: 6-9Distance: 2.9 mi
- 4/10Lake Placid High SchoolGrades: PK,9-12Distance: 2.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Highlands County
- Lake Placid
- 33852
- 573 Vanguard Ave NW





