# 1510 Melady Avenue, Sebring, FL 33870 > **TL;DR:** 8bd/4ba multi-family, $579,000, built 1980. > A/C. Est. $3,097/mo. Listed 20 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $579,000 | | Bedrooms | 8 | | Bathrooms | 4 full | | Year Built | 1980 | | Lot Size | 21,344 sqft (0.49 acres) | | Stories | 1 | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 20 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,928 | | Estimated Insurance | $169 | | **Total** | **$3,097** | ## Key Amenities - A/C ## Property Highlights - Built in 1980 - 0.49 acre lot ## Description ### Agent 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! ## 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/328629 ## 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=328629&c=propsimple) ## Photos ![1510 Melady Avenue - Photo 1](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1605843507r.jpg) ![1510 Melady Avenue - Photo 2](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1605843507r.jpg) ![1510 Melady Avenue - Photo 3](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3940045540r.jpg) ![1510 Melady Avenue - Photo 4](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3658477789r.jpg) ![1510 Melady Avenue - Photo 5](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1752003915r.jpg) ![1510 Melady Avenue - Photo 6](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3753185651r.jpg) ![1510 Melady Avenue - Photo 7](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1989517130r.jpg) ![1510 Melady Avenue - Photo 8](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1010969734r.jpg) ![1510 Melady Avenue - Photo 9](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f472850149r.jpg) ![1510 Melady Avenue - Photo 10](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1031921719r.jpg) ![1510 Melady Avenue - Photo 11](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f4263189787r.jpg) ![1510 Melady Avenue - Photo 12](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2841914847r.jpg) ![1510 Melady Avenue - Photo 13](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f244508486r.jpg) ![1510 Melady Avenue - Photo 14](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3098155159r.jpg) ![1510 Melady Avenue - Photo 15](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1783367690r.jpg) ![1510 Melady Avenue - Photo 16](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2363611188r.jpg) ![1510 Melady Avenue - Photo 17](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2899915933r.jpg) ![1510 Melady Avenue - Photo 18](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f557913194r.jpg) ![1510 Melady Avenue - Photo 19](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3512469459r.jpg) ![1510 Melady Avenue - Photo 20](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f986043592r.jpg) ![1510 Melady Avenue - Photo 21](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f4021442770r.jpg) ![1510 Melady Avenue - Photo 22](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3362480990r.jpg) ![1510 Melady Avenue - Photo 23](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1006543544r.jpg) ![1510 Melady Avenue - Photo 24](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3061446741r.jpg) ![1510 Melady Avenue - Photo 25](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2558088856r.jpg) ![1510 Melady Avenue - Photo 26](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2069597441r.jpg) ![1510 Melady Avenue - Photo 27](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2107397838r.jpg) ![1510 Melady Avenue - Photo 28](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f909266729r.jpg) ![1510 Melady Avenue - Photo 29](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f667075670r.jpg) ![1510 Melady Avenue - Photo 30](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2301524571r.jpg) ![1510 Melady Avenue - Photo 31](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f3074149114r.jpg) ![1510 Melady Avenue - Photo 32](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f9079162r.jpg) ![1510 Melady Avenue - Photo 33](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f682913176r.jpg) ![1510 Melady Avenue - Photo 34](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f512390821r.jpg) ![1510 Melady Avenue - Photo 35](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1657679654r.jpg) ![1510 Melady Avenue - Photo 36](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f977385651r.jpg) ![1510 Melady Avenue - Photo 37](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2430656552r.jpg) ![1510 Melady Avenue - Photo 38](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f60406015r.jpg) ![1510 Melady Avenue - Photo 39](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f4202964172r.jpg) ![1510 Melady Avenue - Photo 40](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2392289810r.jpg) ![1510 Melady Avenue - Photo 41](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f667838018r.jpg) ![1510 Melady Avenue - Photo 42](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f2168763226r.jpg) ![1510 Melady Avenue - Photo 43](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f1650386502r.jpg) ![1510 Melady Avenue - Photo 44](http://lh.rdcpix.com/20027ab06a48f1e821f59cdbafcba23bl-f408159084r.jpg) --- **MLS#:** 328629 | **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://www.propertysimple.ai/listing/1510-melady-avenue-sebring-fl-33870-00f16f10f6b24481ad76e6b6599427be) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1510-melady-avenue-sebring-fl-33870-00f16f10f6b24481ad76e6b6599427be#listing", "url": "https://www.propertysimple.ai/listing/1510-melady-avenue-sebring-fl-33870-00f16f10f6b24481ad76e6b6599427be", "name": "1510 Melady Avenue, Sebring, FL 33870", "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. 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