Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Duplex with Rental Income Title is generated by Realmo AI

    2203 COLMAR AVENUE, Sebring, FL 33870

    View on Map
    Claim this Listing
    Pending
    $350,000

    Duplex - SEBRING, FL

    Type:Duplex
    Property size:
    1,920 SF
    Lot size:
    0.26 Acres
    Added:
    Oct 18, 2025
    Days on Market:
    213
    Last Refresh:
    May 18 at 9:06 am

    Property Features for 2203 COLMAR AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R2
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Interior features
    Kitchen/Family Room Combo
    Exterior features
    Outbuildings
    Standard status
    Pending
    APN
    S-33-34-29-021-0030-0140
    Size
    1,920 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4166.13

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Number of units
    2
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Monay Link

    Listing agent Monay Link License #3395608

    Listing office CHARLES RUTENBERG REALTY ORLANDO 631 S Orlando Avenue Suite 200, Winter Park, FL

    Listing date Oct 18, 2025

    MLS# L4956696 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Potential for rental income to offset mortgage payments.
    • Updated side perfect for short‑term rental opportunities.
    • Currently has long‑term tenants in both units.
    • Large, private backyard with sitting area.
    • Enjoy the Kitchen/Family Room Combo.
    • Outbuildings included.

    Overview

    This duplex presents an investment opportunity, offering the option to reside in one unit while renting out the other, or to utilize both as investment properties. One side has been updated and previously operated as a short-term rental. Currently, both units are occupied by long-term tenants, with one paying $1500 per month and the other paying $1325 per month. The property, situated in SEBRING, FL 33870, encompasses a large, private backyard featuring a sitting area. The property size is 1920 square feet and the lot size is 0.26 acres. The zoning is R2. This residential income property is located in Highlands County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.42519
    Latitude
    27.479168

    Nearby Similar for Sale

    • $1,200,000
      10,188 SF

      Versatile Industrial Property in Sebring

      Two buildings on over one acre, ideal for manufacturing.
      623 Park Street, Sebring, FL 33870
      View Details
    • $399,000
      2,886 SF

      Sebring Commercial Building For Sale

      Commercial building in downtown Sebring, an excellent investment opportunity.
      343 S Commerce Avenue, Sebring, FL 33870
      View Details
    • $447,000
      2,566 SF

      Newer Duplex in Spring Lake

      Income-producing duplex near Sebring International Raceway, fully rented.
      6301 Candler Terrace, Sebring, FL 33876
      View Details
    • $689,000
      5,300 SF

      Historic Automotive Building on Corner

      High-visibility corner lot, operating as automotive body shop.
      702 N Ridgewood Dr, Sebring, FL 33870
      View Details
    • $614,900

      Renovated Triplex in Sun 'n Lake

      Fully renovated triplex with versatile layout in Sebring, Florida.
      4702 Mercado Drive, Sebring, FL 33872
      View Details
    • $375,000
      2,240 SF

      Renovated Duplex in Sebring, FL

      Well-maintained, renovated duplex with income potential in Sebring, Florida.
      4045 Leaf Rd, Sebring, FL 33875
      View Details
    • $447,000

      Income-Producing Duplex in Spring Lake

      Newer, fully rented duplex near Sebring International Raceway.
      6301 Candler Terrace, Sebring, FL 33876
      View Details
    • $200,000
      1,178 SF

      Sebring Corner Lot Commercial Property

      Corner lot commercial property with strong visibility and accessibility.
      3603 KENILWORTH BOULEVARD, SEBRING, FL 33870
      View Details
    • $79
      9,600 SF

      Sebring Warehouse with Fenced Yard

      9,600 SF warehouse on 1.8 acres, renovated in 2025.
      250 Deer Trail E., Sebring, FL 33876
      View Details
    • $1,384,500
      6,725 SF

      Sebring Commercial Building For Sale

      Income-producing commercial building with high visibility and ample parking.
      4343 Sun N Lake Boulevard, Sebring, FL 33872
      View Details
    • $1,276,800
      9,600 SF

      Sebring Industrial Warehouse with Offices

      9,600+/- SF warehouse with offices on 1.8+ acres.
      250 DEER E TRAIL, SEBRING, FL 33876
      View Details
    • $170,000

      Commercial Building in Sebring Location

      Vacant commercial building with high visibility and strong frontage.
      1568 LAKEVIEW Dr, Sebring, FL 33870
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-generating duplex with updated unit and large backyard.
    Where is this duplex located?
    The property is located at 2203 COLMAR AVENUE Sebring, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Potential for rental income to offset mortgage payments.; Updated side perfect for short‑term rental opportunities.; Currently has long‑term tenants in both units.
    (863) 205-2884
    We can help!
    Listing Contact
    Monay Link
    Real Estate License ID: 3395608
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2203 COLMAR AVENUE, SEBRING, FL 33870
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!