About This Home

This 4-bedroom, 2-bathroom multi-family at 1510 Melady Avenue in Sebring, FL is listed for $289,500 ($172 per sqft). Built in 1980, the home offers 1,680 sqft of living space on a 0.25 acres lot.

Key Features

  • Built in 1980
  • 0.25 acre lot

Property Details

1 story
2 full
1980

Amenities

A/C
Listing Description

Great investment potential! This is an excellent opportunity to acquire a fully rented duplex offering immediate cash flow and an attractive 8.4% cap rate (including operating expenses). With both sides currently leased at $1,200 per month, the property generates $2,400 in monthly rental income, making it an appealing addition to any investment portfolio.

Each side of the duplex features a functional 2-bedroom, 1-bathroom floor plan, offering the privacy and convenience tenants desire. The property features a durable metal roof along with city water and sewer, providing desirable infrastructure for long-term rental ownership.

Conveniently located near shopping, dining, medical facilities, and other everyday amenities, this property offers tenants easy access to the essentials while providing investors with an established rental location. Whether you're an experienced investor looking to expand your portfolio or seeking an income-producing property with tenants already i

n place, this duplex offers an opportunity to step into an existing rental operation without starting from scratch. Two income-producing units. Established rental income. An attractive 8.4% cap rate. Don't miss this opportunity to add a fully occupied duplex to your investment portfolio! A second fully occupied duplex directly to the left is also for sale at $1,200/side as well (4105 E Josephine St -- MLS#: 328626)!

Monthly Cost Estimate

$1,548/mo

20% down · 6.5% · 30 years

Principal$209
Interest$1,255
Insurance$84

Estimates only. Actual payments may vary.

Location

1510 Melady Avenue

Sebring, FL 33870

Features & Amenities

Interior Features

BlindsCeiling Fans

Exterior Features

PatioShed/WorkshopStucco

Property Details

Flooring

Tile

Construction

Concrete Block

Outdoor Features

Patio

Parking

Driveway

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Appliances

MicrowaveRefrigerator(s)Stove(s) / Range(s) Oven(s)Wtr Heater-Electric

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 1510 Melady Avenue is listed at $289,500 ($172/sqft). The estimated monthly payment is $1,548 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 0.25 acre lot. Interior Features: Blinds, Ceiling Fans. Exterior Features: Patio, Shed/Workshop, Stucco.

This property is listed by Eric Rhoades.

ER

Eric Rhoades

Agent at RE/MAX Realty Plus

Listed by RE/MAX Realty Plus · Broker phone: (863) 385-0077 · View on Broker Site · Broker website

MLS# 328625· Source: Heartland Multiple Listing Service, Inc.· 16 days on PropertySimple

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.

1510 Melady Avenue, Sebring, FL 33870

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