# 1510 Melady Avenue, Sebring, FL 33870 > **TL;DR:** 4bd/2ba multi-family, $289,500 ($172/sqft), built 1980, 1,680 sqft. > A/C. Est. $1,548/mo. Listed 17 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $289,500 | | Price/sqft | $172 | | Bedrooms | 4 | | Bathrooms | 2 full | | Square Feet | 1,680 | | Year Built | 1980 | | Lot Size | 10,890 sqft (0.25 acres) | | Stories | 1 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 17 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,464 | | Estimated Insurance | $84 | | **Total** | **$1,548** | ## Key Amenities - A/C ## Property Highlights - Built in 1980 - 0.25 acre lot ## Description ### Agent 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 in 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)! ## Location - **Address:** 1510 Melady Avenue, Sebring, FL 33870 - **County:** Highlands - **Coordinates:** 27.484071, -81.425567 - **Google Maps:** https://www.google.com/maps?q=27.484071,-81.425567 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/heartland/328625 ## Listing Agent - **Name:** Eric Rhoades - **Brokerage:** RE/MAX Realty Plus - **Broker Phone:** (863) 385-0077 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1510-Melady-Ave_Sebring_FL_33870_M64984-46371?f=listhub&s=HMLSFL&m=328625&c=propsimple) ## Photos ![1510 Melady Avenue - Photo 1](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3940045540r.jpg) ![1510 Melady Avenue - Photo 2](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3940045540r.jpg) ![1510 Melady Avenue - Photo 3](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3658477789r.jpg) ![1510 Melady Avenue - Photo 4](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f1752003915r.jpg) ![1510 Melady Avenue - Photo 5](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3753185651r.jpg) ![1510 Melady Avenue - Photo 6](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f1989517130r.jpg) ![1510 Melady Avenue - Photo 7](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f1010969734r.jpg) ![1510 Melady Avenue - Photo 8](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f472850149r.jpg) ![1510 Melady Avenue - Photo 9](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f4263189787r.jpg) ![1510 Melady Avenue - Photo 10](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f1031921719r.jpg) ![1510 Melady Avenue - Photo 11](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f2841914847r.jpg) ![1510 Melady Avenue - Photo 12](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f244508486r.jpg) ![1510 Melady Avenue - Photo 13](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3098155159r.jpg) ![1510 Melady Avenue - Photo 14](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f1783367690r.jpg) ![1510 Melady Avenue - Photo 15](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f2363611188r.jpg) ![1510 Melady Avenue - Photo 16](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f2899915933r.jpg) ![1510 Melady Avenue - Photo 17](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f557913194r.jpg) ![1510 Melady Avenue - Photo 18](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3512469459r.jpg) ![1510 Melady Avenue - Photo 19](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f986043592r.jpg) ![1510 Melady Avenue - Photo 20](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f4021442770r.jpg) ![1510 Melady Avenue - Photo 21](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3362480990r.jpg) ![1510 Melady Avenue - Photo 22](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f1006543544r.jpg) ![1510 Melady Avenue - Photo 23](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3061446741r.jpg) ![1510 Melady Avenue - Photo 24](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f2558088856r.jpg) ![1510 Melady Avenue - Photo 25](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f2069597441r.jpg) ![1510 Melady Avenue - Photo 26](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f2107397838r.jpg) ![1510 Melady Avenue - Photo 27](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f909266729r.jpg) ![1510 Melady Avenue - Photo 28](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f667075670r.jpg) ![1510 Melady Avenue - Photo 29](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f2301524571r.jpg) ![1510 Melady Avenue - Photo 30](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f3074149114r.jpg) ![1510 Melady Avenue - Photo 31](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f9079162r.jpg) ![1510 Melady Avenue - Photo 32](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f682913176r.jpg) ![1510 Melady Avenue - Photo 33](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f408159084r.jpg) ![1510 Melady Avenue - Photo 34](http://lh.rdcpix.com/998be73786b18a432884a081ee4e886cl-f1605843507r.jpg) --- **MLS#:** 328625 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1510-melady-avenue-sebring-fl-33870-3a1cf0858c2a48e5a5eb647ec2e638e4) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1510-melady-avenue-sebring-fl-33870-3a1cf0858c2a48e5a5eb647ec2e638e4#listing", "url": "https://staging.propertysimple.ai/listing/1510-melady-avenue-sebring-fl-33870-3a1cf0858c2a48e5a5eb647ec2e638e4", "name": "1510 Melady Avenue, Sebring, FL 33870", "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). 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