529 N 5th Street
About This Property
Situated on a quiet residential street just minutes from historic Downtown Chipley, you'll enjoy convenient access to local restaurants, shopping, schools, parks, and community events while still being tucked away from the hustle and bustle. The property also provides easy access to US-90 and FL-77, making commuting throughout Washington County simple.
Built in 1947, this home features approximately 1,104 heated and cooled square feet on a generously sized 77' x 149' lot, offering plenty of outdoor space for future improvements, landscaping, or entertaining.
This property is ready for its next owner to bring their vision to life. Whether you're planning a full renovation, a long-term rental, or a primary residence with sweat equity, the possibilities are endless.
Bring your imagination, schedule your showing, and discover the potential this Chipley investment has to offer!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Listed by Legacy Premier Agency | $99,900 | |
| Listed by Legacy Premier Agency | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017