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Triplex with Three Studio Apartments
For Sale
$229,900

231 S Orange Street, Sebring, FL 33870

Multi-Unit Investment, Single Story, Sebring, FL

Property SizeContact for details
Lot Size0.22 Acres
Days on Market215

Property Features for 231 S Orange Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3
Directions from us 27 and lakeview drive head north, veer right onto s ridgewood, exit the traffic circle at E center ave, turn right onto orange, property is on right
Standard status Active
APN S-29-34-29-040-0560-0150
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PALMHURST SUB PB 1-PG 49 LOT 15-LESS A TRI TR IN SE COR BLK 56
Tax Annual Amount 3149
Legal Description PALMHURST SUB PB 1-PG 49 LOT 15-LESS A TRI TR IN SE COR BLK 56

Utilities

Cooling system Wall Unit(s)

Amenities

privacy fencing

Building Details

Year built 1977
Floors in Building 1
Flooring type Tile
Building materials Concrete Block
Roof type Metal
Architectural style Other
Listing Agency: ADVANTAGE REALTY #1
Listed By: Benjamin Sommerville · License #3606976
Added: Jan 28 Changed: Aug 19 Last Checked: Aug 31 at 7:06PM
MLS# 321931

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 triplex offers three separate studio apartments within a single multi-family residence. The property features concrete block construction, tile flooring, wall unit(s) for cooling, and a metal roof. Privacy fencing is included to help create tenant separation.

The building sits on a 0.22-acre lot at 231 S Orange Street in Sebring, Florida 33870, in Highlands County. It was built in 1977 and is zoned R3.

With three studio units, the property is designed around compact, self-contained living spaces while maintaining a straightforward, shared building footprint.

Key Highlights

  • R3 zoning
  • Three separate studio apartments
  • Metal roof plus privacy fencing for tenant separation

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Grocery & Convenience Store Parking Lot & Garage Big Box & Wholesale Store Locksmith (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

886
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Triplex with three separate studio apartments, R3 zoning, concrete block construction, and a metal roof.
Where is this triplex located?
The property is located at 231 S Orange Street Sebring, FL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: R3 zoning; Three separate studio apartments; Metal roof plus privacy fencing for tenant separation
More about this property
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