2-Unit
New
For Sale
$289,500
4105 E Josephine Street, Sebring, FL 33870
Residential, Single Story, Sebring, FL
Property Size1,680 SF
Lot Size0.25 Acres
Price / SF$172.32
Days on Market4
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Property Features for 4105 E Josephine Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Driveway
Interior features
Blinds, Ceiling Fans
Exterior features
Stucco
Appliances
Refrigerator(s), Stove(s) / Range(s) Oven(s), Wtr Heater-Electric
Directions
US Hwy 27 and Lakeview Drive. Turn left on Lakeview Drive, turn right on Kenilworth. Turn right on Melady Ave, take a left on East Josephine St. Duplex is on your right.
Standard status
Active
APN
S-33-34-29-020-00C0-0010
Size
1,680 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALTAMONT PLACE ADD PB 1-PG 72 LOT 1 + N 1/2 LOT 2 BLK C
Tax Annual Amount
3668
Legal Description
ALTAMONT PLACE ADD PB 1-PG 72 LOT 1 + N 1/2 LOT 2 BLK C
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1980
Floors in Building
1
Flooring type
Tile
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Eric Rhoades · License #SL3409582
(863) 381-1096
Added: Oct 12
Last Checked: Oct 15 at 6:06PM
MLS# 328626
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 1,680-square-foot duplex, built in 1980, contains two units with two bedrooms and one bathroom per unit. The property occupies a 0.25-acre lot and is zoned R2. Concrete-block construction, stucco exterior, tile flooring, and a shingle roof define the building’s physical features. Heating and cooling are central and electric.
The property is served by public sewer and city water. Each unit is currently leased, and the stated cap rate is 8.4%, including operating expenses.
The property is served by public sewer and city water. Each unit is currently leased, and the stated cap rate is 8.4%, including operating expenses.
Key Highlights
- Two leased units, each with 2 bedrooms and 1 bathroom
- 1,680 square feet on a 0.25‑acre lot
- 8.4% cap rate, including operating expenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,174
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,480
$303.5K
Cap Rate 7%
$216,771
$216.8K
Cap Rate 9%
$168,600
$168.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$23.2K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.7K $12.90/SF
− OpEx
−$6.5K −$3.87/SF
NOI
$15.2K $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 Rate 5%
$303,480
Cap Rate 7%
$216,771
Cap Rate 9%
$168,600
Alternative Uses
Best Use
Multifamily LT 5
$216.8K
$189.7K – $252.9K
NOI $15,174 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$201.4K
$176.3K – $235.0K
NOI $14,101 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$349.5K
$305.8K – $407.8K
NOI $24,466 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
240
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
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased, and each has a two-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 4105 E Josephine Street Sebring, FL.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: Two leased units, each with 2 bedrooms and 1 bathroom; 1,680 square feet on a 0.25‑acre lot; 8.4% cap rate, including operating expenses
