About This Home

This 8-bedroom, 4-bathroom multi-family at 1510 Melady Avenue in Sebring, FL is listed for $579,000. Built in 1980, on a 0.49 acres lot.

Key Features

  • Built in 1980
  • 0.49 acre lot

Property Details

1 story
4 full
1980

Amenities

A/C
Listing 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!

Monthly Cost Estimate

$3,097/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,509
Insurance$169

Estimates only. Actual payments may vary.

Location

1510 Melady Avenue

Sebring, FL 33870

Features & Amenities

Interior Features

BlindsCeiling Fans

Property Details

Flooring

Tile

Construction

Concrete Block

Parking

Driveway

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Appliances

DryerMicrowaveRefrigerator(s)Stove(s) / Range(s) Oven(s)WasherWtr Heater-Electric

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 1510 Melady Avenue is listed at $579,000. The estimated monthly payment is $3,097 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 0.49 acre lot. Interior Features: Blinds, Ceiling Fans.

This property is listed by Eric Rhoades and can be reached at 8633811096.

ER

Eric Rhoades

Agent at RE/MAX Realty Plus

(863) 381-1096
Agent website

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

MLS# 328629· Source: Heartland Multiple Listing Service, Inc.· 12 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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