Single-Story Duplex with Metal
For Sale
$235,000
1800 Wightman Avenue, Sebring, FL 33870
Residential, Single Story, Sebring, FL
Property Size1,820 SF
Lot Size0.16 Acres
Price / SF$129.12
Days on Market101
Property Features for 1800 Wightman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking features
Driveway
Exterior features
Stucco
Appliances
Refrigerator(s), Stove(s) / Range(s) Oven(s)
Elementary school
Fred Wild Elementary
Middle school
Sebring Middle
High school
Sebring High
Directions
US 27 to West on Highlands Ave. to Right on Kenilworth to Right on Wightman to property on Left (no sign).
Standard status
Active
APN
S-33-34-29-022-0050-0011
Size
1,820 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALTAMONT PLACE ADD NO 3 PB 11 PG 20 N 1/2 OF LOT 1 BLK 5
Tax Annual Amount
4006
Legal Description
ALTAMONT PLACE ADD NO 3 PB 11 PG 20 N 1/2 OF LOT 1 BLK 5
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1987
Floors in Building
1
Flooring type
Tile
Building materials
Concrete Block
Roof type
Metal
Architectural style
Other
Listing Agency:
COMPTON REALTY
(863) 465-4158
Listed By:
Kristy Fletcher · License #3153439
(863) 202-5286
Added: Jun 26
Changed: Sep 15
Last Checked: Oct 4 at 4:06AM
MLS# 326229
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 single-story duplex contains 1,820 square feet on a 0.162-acre lot and was built in 1987. The property features concrete-block construction, stucco exterior finishes, tile flooring, central electric heating and cooling, two refrigerators, and two stove/range ovens. A metal roof was installed in 2018, and driveway parking is provided.
The property is located near downtown Sebring, schools, and Fireman's Field. It is served by public sewer and carries R2 zoning. The room inventory includes four bedrooms and two bathrooms, supporting the duplex configuration and providing a straightforward residential income property layout.
The property is located near downtown Sebring, schools, and Fireman's Field. It is served by public sewer and carries R2 zoning. The room inventory includes four bedrooms and two bathrooms, supporting the duplex configuration and providing a straightforward residential income property layout.
Key Highlights
- 1,820‑square‑foot duplex on a 0.162‑acre lot
- Metal roof installed in 2018
- R2 zoning
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
$16,438
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
6.99%
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%
$328,760
$328.8K
Cap Rate 7%
$234,829
$234.8K
Cap Rate 9%
$182,644
$182.6K
Market Conditions
NOI Build-Up for 1,820 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
$25.1K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.5K $12.90/SF
− OpEx
−$7.0K −$3.87/SF
NOI
$16.4K $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%
$328,760
Cap Rate 7%
$234,829
Cap Rate 9%
$182,644
Alternative Uses
Best Use
Multifamily LT 5
$234.8K
$205.5K – $274.0K
NOI $16,438 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$218.2K
$191.0K – $254.6K
NOI $15,276 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
186
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned duplex with central HVAC, tile flooring, and driveway parking.
Where is this duplex located?
The property is located at 1800 Wightman Avenue Sebring, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,820‑square‑foot duplex on a 0.162‑acre lot; Metal roof installed in 2018; R2 zoning
