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1510 Melady Avenue
Sebring, FL 33870
today NEW · Active
$579,000
8
Beds
4
Baths
0.49
Acres
1980
Yr. Built
MLS# 328629
Cumulative Days on Market: Less than 1 · Includes prior listings · Currently listed since 10/12/26 · Data provided by the MLS.

Property Description

Investors, here's an opportunity that's hard to find! This offering includes two side-by-side duplexes totaling four rental units, all fully occupied and generating income from day one. With each 2-bedroom, 1-bathroom unit currently rented for $1, 200 per month, the properties produce a combined $4, 800 in monthly rental income and $57, 600 in annual gross rental income, with an advertised cap rate of 8.4%. Whether you're looking to start your real estate investment journey or expand an established rental portfolio, this turnkey opportunity offers four income-producing doors in one convenient location. Acquiring both duplexes together provides the benefit of managing multiple rental units within the same immediate area. Each unit features a practical 2-bedroom, 1-bathroom layout designed for everyday functionality. Both properties are connected to city water and sewer, adding to their appeal as long-term rental investments. An additional storage shed located at 1510 Melady Avenue provides convenient space for the owner's maintenance supplies, tools, and property management essentials. Centrally located in Sebring, the properties offer convenient access to medical facilities, shopping, grocery stores, schools, dining, and other everyday amenities—an appealing advantage for tenants seeking accessibility and convenience. Sale includes both properties: 1510 Melady Ave, Sebring, FL 33870 and 4105 E Josephine St, Sebring, FL 33870. With four occupied units, established rental income, and an advertised 8.4% cap rate, this is a compelling opportunity to acquire a multi-unit investment package in the Sebring market. Opportunities to purchase two neighboring duplexes together are hard to come by. Expand your portfolio with four income-producing doors in one strategic purchase!

Property Highlights

Property Type
Residential Income
Property Sub Type
Apartment
Architectural Style
One Story
Bedrooms
8
Total Bathrooms
4
Acres
0.49
Year Built
1980
Condition
Good Condition, Resale

Location

City/Township
Sebring
County
Highlands
Zoning Description
R2

Property Details

Price
$579,000
Condition
Good Condition, Resale
Property Type
Residential Income
Property Sub Type
Apartment

Building

Levels
One

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
4
Full Bathrooms
4
Bedrooms
8

Area and Spaces

Number of Units
4

Appliances

Appliances
Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer

Interior Features

Interior Features
Ceiling Fans, Window Treatments
Flooring
Tile
Window Features
Single Hung, Blinds

Heating and Cooling

Heating Features
Central, Electric

Building Details

Construction

Architectural Style
One Story
Year Built
1980

Materials

Construction Materials
Block, Concrete
Roof
Metal, Shingle

Terms

Commercial

Cap Rate
8.40

Terms

Special Conditions
None
Special Terms
Cash, Conventional

Taxes

Tax

Tax (Annual)
$7,299

Heating, Cooling & Utilities

Cooling Features
Central Air, Electric

Utilities

Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.49
Lot Size
0.49
Lot Size Area Sq Ft
21,150
Road Surface
Paved

Parking

Parking Features
Driveway, On Street

Pool Features

Pool Features
None
Listed by RE/MAX Realty Plus, 863-381-1096
Listing Data last updated 10/12/2026 11:00 pm
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Property History

Today
Property information last updated
Today
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: Less than 1 days (includes prior listings) · Currently listed since October 12, 2026. Data provided by the MLS.

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