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If the lot has an area of 1 acre, and the shape is a square (acre is the area unit, not square acre). 1 acre = 43560 ft², so take the square root and get 208.71 ft side length.
1 acre is 43,560 square feet, so a 1 acre lot could be 150 feet by 290.4 feet, or 200 feet by 217.8 feet, etc.If it is a 1 acre lot, it will be 43,560 square feet, no matter how it's laid out.
It depends on the size of the lots. Out of 1 acre, you could get four 1/4-acre lots, but only 1/2 of a 2-acre lot.
One acre is 43,560 sq ft. A 50x170 lot is 3,500 square ft. That is about 0.08 of one acre, One acre would hold about 12.4 lots that size.
That is 1/2 acre.