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Single-Story Quadplex
For Sale
$814,900

615 Memorial Drive, Sebring, FL 33870

Multi-Unit Investment, Single Story, Sebring, FL

Property SizeContact for details
Lot Size0.50 Acres
Days on Market129

Property Features for 615 Memorial Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning 0310
Bedrooms 8
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 7, Bedroom 6, Bathroom 8, Bedroom 1, Bedroom 3, Bedroom 5
Parking features Driveway
Directions North on US 27 Right on Sebring Parkway Left On Memorial Dr
Standard status Active
APN C-14-34-28-020-3100-0110
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LAKE BOULEVARD SUB PB 2-PG 82 LOT 11 BLK 310 -LESS RD R/W
Tax Annual Amount 3533
Legal Description LAKE BOULEVARD SUB PB 2-PG 82 LOT 11 BLK 310 -LESS RD R/W

Utilities

Heating system Electric (Heating), Central
Cooling system Electric, Central Air

Building Details

Year built 2007
Floors in Building 1
Flooring type Vinyl
Building materials Concrete Block
Roof type Metal
Architectural style Other
Listing Agency: Paradise Real Estate International LLC
Listed By: Brooke Foster
Added: May 27 Changed: Sep 12 Last Checked: Oct 2 at 6:06AM
MLS# 325389

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 quadplex comprises 2 buildings with 2 units per building, for 4 rentable units total. Each unit includes 2 bedrooms, 2 bathrooms, an open-concept living area, vinyl flooring, and indoor laundry. The buildings were constructed in 2007 with concrete block construction, metal roofs, central electric heating, central air conditioning, and driveway parking. The property occupies 0.5 acres and is identified under zoning code 0310.

Situated in Sebring, the property is near shopping, dining, schools, medical facilities, and downtown. Florida SouthWestern State College is also nearby, and the units are currently subject to leases. The address is 615 Memorial Drive, Sebring, FL 33870.

Key Highlights

  • 4 rentable units across 2 buildings, with 2 units per building
  • Each unit includes 2 bedrooms and 2 bathrooms
  • Open‑concept living areas with vinyl flooring and indoor laundry

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Dental Office Hair Salon Big Box & Wholesale Store

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

371
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
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units offer two bedrooms, two bathrooms, open living areas, vinyl flooring, and indoor laundry.
Where is this quadplex located?
The property is located at 615 Memorial Drive Sebring, FL.
What is the asking price?
The asking price for this property is $814,900.
What are key features of this property?
This property features: 4 rentable units across 2 buildings, with 2 units per building; Each unit includes 2 bedrooms and 2 bathrooms; Open‑concept living areas with vinyl flooring and indoor laundry
More about this property
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