Two-Story Duplex
New
For Sale
$199,900
1908 Villaway Road E, Sebring, FL 33876
Residential, Two Story, Sebring, FL
Property Size1,594 SF
Price / SF$125.41
Days on Market2
Property Features for 1908 Villaway Road E
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3FUD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Pets allowed
Call
Appliances
Dishwasher, Dryer, Refrigerator(s), Stove(s) / Range(s) Oven(s)
Elementary school
Fred Wild Elementary
Middle school
Sebring Middle
High school
Sebring High
Directions
From Hammock Rd and US 27. Right onto US 27 S, Left onto US 98, Left onto Spring Lake Blvd, Right onto Duane Palmer Blvd, Right onto Villaway N, Left onto Villaway E, Destination on your left
Standard status
Active
APN
C-16-35-30-010-0240-00F0
Size
1,594 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
COUNTRY CLUB VILLAS I PHASE III PB 15-PG 139 CLUSTER 24 UNIT F VALUE INCLUDES COMMON AREA
Tax Annual Amount
2929
HOA Fee
$300 Monthly
Legal Description
COUNTRY CLUB VILLAS I PHASE III PB 15-PG 139 CLUSTER 24 UNIT F VALUE INCLUDES COMMON AREA
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1996
Floors in Building
2
Flooring type
Laminate
Building materials
Concrete Block
Roof type
Metal
Architectural style
Other
Listing Agency:
The Pipal Group
(863) 659-1451
Listed By:
Debb Summers
(937) 417-1660
Added: Sep 8
Last Checked: Sep 9 at 11:06PM
MLS# 327607
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 two-story duplex property at 1908 Villaway Road E provides 1,594 square feet of residential space in a 1996 concrete-block structure. The property has laminate flooring, central electric heating, central air conditioning, and a metal roof described as newer. Public sewer service is in place, and the appliance package includes a dishwasher, dryer, refrigerator, and range oven.
The property is located in Sebring, Florida, within ZIP Code 33876 and Highlands County. Its R3FUD zoning designation supports its residential classification. The available room information includes three bedrooms and two bathrooms, while the overall layout offers a practical residential configuration for future ownership or occupancy needs.
The property is located in Sebring, Florida, within ZIP Code 33876 and Highlands County. Its R3FUD zoning designation supports its residential classification. The available room information includes three bedrooms and two bathrooms, while the overall layout offers a practical residential configuration for future ownership or occupancy needs.
Key Highlights
- 1,594 square feet of residential space
- Built in 1996 with concrete‑block construction
- Newer metal roof and newer central A/C
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
$14,397
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
7.20%
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%
$287,940
$287.9K
Cap Rate 7%
$205,671
$205.7K
Cap Rate 9%
$159,967
$160.0K
Market Conditions
NOI Build-Up for 1,594 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
$22.0K $13.80/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$20.6K $12.90/SF
− OpEx
−$6.2K −$3.87/SF
NOI
$14.4K $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%
$287,940
Cap Rate 7%
$205,671
Cap Rate 9%
$159,967
Alternative Uses
Best Use
Multifamily LT 5
$205.7K
$180.0K – $240.0K
NOI $14,397 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$191.1K
$167.2K – $223.0K
NOI $13,379 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$331.6K
$290.2K – $386.9K
NOI $23,214 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 33876, FL
5,239
Population
3,313
Households
1.6
Avg Household Size
60
Median Age
16%
College-Educated
86%
High-School Grad
31.4 sq mi
ZIP Area
167
Density / Sq Mi
$55,490
Median Household Income
$31,953
Median Earnings
$892
Median Rent
$161,500
Median Home Value
Check the figures for this property
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 - Concrete-block property with newer metal roofing, central air, and public sewer service in Sebring.
Where is this duplex located?
The property is located at 1908 Villaway Road E Sebring, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,594 square feet of residential space; Built in 1996 with concrete‑block construction; Newer metal roof and newer central A/C
