Single-Story Duplex
For Sale
$179,500
2422 Hidden Creek Circle, Sebring, FL 33870
Residential, Single Story, Sebring, FL
Property Size1,415 SF
Lot Size0.19 Acres
Price / SF$126.86
Days on Market227
Property Features for 2422 Hidden Creek Circle
General Information
Property type
Residential
Property subtype
Duplex
Zoning
DUPLEX
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Parking features
Garage
Pets allowed
Yes
Interior features
Cable TV Available, Ceiling Fans, Garage Door Opener, Vaulted Ceilings
Exterior features
Stucco
Appliances
Dishwasher, Dryer, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer
Directions
From US 27 (near Walmart) turn east on Bay View to Right on Lakeview Dr to Right on St Agnes Way. Follow to next left to quick right to then Left on Hidden Creek Circle. Villa is on the left. Look for the For Sale sign.
Standard status
Active
APN
C-23-34-28-080-0000-15B0
Size
1,415 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HIDDEN CREEK VILLAS PB 14 PG 49 LOT 15B
Tax Annual Amount
742
HOA Fee
$160 Monthly
Legal Description
HIDDEN CREEK VILLAS PB 14 PG 49 LOT 15B
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
meeting room
kitchen
heated salt-water pool
Building Details
Year built
1987
Floors in Building
1
Flooring type
Laminate
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Bobbie Bolin
(863) 835-2392
Added: Jan 26
Changed: Sep 3
Last Checked: Sep 10 at 10:06PM
MLS# 321853
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.
Investment Insights
Based on property information with market context.
This 1,415-square-foot, single-story property in Sebring includes two bedrooms and two bathrooms within an open living and dining area. Vaulted ceilings, laminate flooring, central heating and cooling, ceiling fans, and a concrete-block structure define the interior. The primary suite includes a bay window, walk-in closet, linen storage, and private bath, while the second bedroom is served by a separate bath. Appliances have been recently upgraded, and furnishings are included; personal items will be removed before closing. The property is being sold as is.
The 0.19-acre parcel includes a rear patio, yard, shingle roof, stucco exterior, and garage parking. Hidden Creek is a 55+ community with a meeting room, kitchen, and heated salt-water pool. Lake Jackson is within walking distance, with shopping and local activities a short distance away.
The 0.19-acre parcel includes a rear patio, yard, shingle roof, stucco exterior, and garage parking. Hidden Creek is a 55+ community with a meeting room, kitchen, and heated salt-water pool. Lake Jackson is within walking distance, with shopping and local activities a short distance away.
Key Highlights
- 1,415‑square‑foot property on a 0.19‑acre parcel
- Two bedrooms and two bathrooms with split‑bedroom arrangement
- Vaulted ceilings and open living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,780
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,600
$255.6K
Cap Rate 7%
$182,571
$182.6K
Cap Rate 9%
$142,000
$142.0K
Market Conditions
NOI Build-Up for 1,415 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.5K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$18.3K $12.90/SF
− OpEx
−$5.5K −$3.87/SF
NOI
$12.8K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,600
Cap Rate 7%
$182,571
Cap Rate 9%
$142,000
Alternative Uses
Best Use
Multifamily LT 5
$182.6K
$159.8K – $213.0K
NOI $12,780 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$169.7K
$148.5K – $197.9K
NOI $11,876 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$294.4K
$257.6K – $343.5K
NOI $20,607 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layout with upgraded appliances, garage parking, and access to shared community amenities.
Where is this duplex located?
The property is located at 2422 Hidden Creek Circle Sebring, FL.
What is the asking price?
The asking price for this property is $179,500.
What are key features of this property?
This property features: 1,415‑square‑foot property on a 0.19‑acre parcel; Two bedrooms and two bathrooms with split‑bedroom arrangement; Vaulted ceilings and open living and dining areas
