For sale Multi-Family Home

Listed Sep 30, 2026

$425,000 Est. $2,811/mo

5138 Lance Street

  • 6

    Beds

  • 6

    Baths

  • 2,916

    Sq ft

The story

RARE TRIPLEX INVESTMENT OPPORTUNITY NEAR TYNDALL AIR FORCE BASE! Opportunities to own an entire triplex don't come along often. This property features three separate 2-bedroom, 1.5-bath units and is currently generating a combined $3,240 in monthly rental income. Each unit has a functional two-story layout with both bedrooms and a full bath upstairs, while downstairs features an open living, dining and kitchen area, half bath, interior laundry room and LVP flooring. Units B and C each have privacy-fenced backyards, while Unit A has a partially privacy-fenced backyard that opens toward the large pond with a water feature and views of the neighboring walking park. Each unit also includes two designated parking spaces. Conveniently located near Tyndall Air Force Base with access to area shopping, dining and everyday conveniences, this triplex provides an opportunity to add a multi-unit property to your investment portfolio with existing rental income already in place. Whether you're looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

Facts & features

Home type

Multi-Family Home

Year built

1984

Floors

2

Price per sq ft

$146

Included features

  • Cooling

    Central Air, Ceiling Fans

  • Heating

    Central, Electric

  • Appliances

    Electric Oven, Electric Range, Electric Water Heater

  • Flooring

    Plank, Vinyl

  • Roof

    Composition, Shingle

  • Lot Information

    Paved

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$2,811 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,262
  • Property tax $425
  • Insurance $124

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

CENTURY 21 Commander Realty

Broker Name

CENTURY 21 Commander Realty

Agent

Kelli White Garrett