5491 Brown Street, Graceville, FL 32440 - Photo 1

1/1

$48,000

Sold
Closed
Single Family
2 Beds
2 Full Baths
Updated 2 days ago

1/1

Property Description

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.

Full Property Details

Full Property Details for 5491 Brown St

General

Sold For: $48,000
Taxes: $835 (2024)
Status: Closed
Type: Single Family
Source: Bay_County
MLS ID: 778729
Added to Site: 52 day(s) ago

Interior

Number of Rooms: 5

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 2

Location

County: Jackson
Subdivision: No Named Subdivision
Driving Directions: From Marianna travel West and then turn North on Hwy 73, then in 6.6 miles travel North on Hwy 231 8.4 miles, then left on Hwy 2 6.7 miles, then right on Cliff St .6 mi to Brown Street, then turn right and property is approx 800' on Brown Street.

Community

Community Name: 09 - Jackson County

Utilities

Utility Description: None, Sewer Available

Structural Information

Architectural Style: Other
Construction: HardiPlank Type
Stories/Levels: 1
Sq. Ft. Source: Appraiser
Year Built: 1954

Lot Features

Lot Size (Acres): 0.5
Lot Size (Sq. Ft.): 21,693
Lot Size: .5
Lot Dimensions: 261.5 x 180.4 x 258
Zoning: Resid Multi-Family

Financial Considerations

Tax Amount: $835.82
Tax Year: 2024

Disclosures and Reports

Legal Description: OR 1718 P 727
Property ID: 35-7N-13-0067-0000-0040

Listed by Chipola Realty
Sold by Non-Member Office

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— 5491 Brown St —

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Schools

Schools serving 5491 Brown St

School District:Jackson County School District, Marianna, FL

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5491 Brown St

Date

Details

Price

Change

Source

5/12/2026

Sold

$48,000

-4%

MLS

2/12/2026

Price Reduced

$50,000

-35.06%

MLS

2/03/2026

Price Reduced

$77,000

-22.92%

MLS

11/04/2025

Price Reduced

$99,900

-9.18%

MLS

9/08/2025

Listed

$110,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5491 Brown Street, Graceville, FL 32440 (MLS# 778729) is a Single Family property that was sold at $48,000 on May 12, 2026. Want to learn more about 5491 Brown Street? Do you have questions about finding other Single Family real estate for sale in Graceville? You can browse all Graceville real estate or contact a Coldwell Banker agent to request more information.

5491 Brown St Graceville, FL 32440