SoldMay 12, 2026

Listed by Kathy Milton and Lauren Lyons from Chipola Realty

Source: Bay County Realtors Association #778729

5491 Brown Street, Graceville, FL, 32440

$48,000

2
2
856 sq. ft.
21693 sq. ft.

SingleFam

•

30+ days on the market

Sold: May 12, 2026

What's around 5491 Brown Street

About this property

Opportunity knocks in the heart of Graceville! This property is primed for investors or savvy buyers looking to build income-producing rentals. The existing structure has a strong head start with new Hardie board siding and a new roof already completed--the big-ticket exterior work is done for you. With interior renovations, you can quickly transform it into a 2-bedroom, 2-bathroom rental unit as the anchor for your project. But the real value lies in the expansion potential: this site is set up to add up to 6 additional units, with city water, sewer, and some power poles already in place. That's the infrastructure you need to scale and create an excellent multi-unit investment property, all within Graceville's convenient downtown setting. Whether you finish the remodel for a single rental or develop the entire property for maximum returns, this is a rare chance to step into a project with both momentum and huge upside.

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