1/4-Acre Pensacola 2/1 Rehab Opportunity

This 1957 wood-frame home offers 2 bedrooms, 1 bathroom and 520 sq ft of living area on a 10,498 sq ft lot. The vacant property has central HVAC, driveway parking, no reported HOA and an HDR-zoned location in FEMA Flood Zone X. The home requires extensive renovation, including evaluation of the foundation and floor system, roof replacement, exterior wood repairs, moisture remediation and complete interior updates. Due to the observed movement and widespread deterioration, buyers should evaluate whether rehabilitation or replacement is the more practical approach.  It is a small house though, so that will help keep costs in check.

Repairs Needed

• Obtain a structural engineering and foundation evaluation
• Repair or replace foundation components, floor joists and subflooring
• Replace the shingle and flat-roof sections
• Evaluate and replace damaged roof decking and framing as needed
• Correct active water intrusion and remove moisture-damaged materials
• Repair or replace deteriorated siding, fascia, soffits and exterior trim
• Complete kitchen renovation, including cabinets, counters and appliances
• Complete bathroom renovation and properly secure or replace the toilet
• Repair damaged ceilings and interior walls
• Install new flooring, paint, doors, trim, fixtures and lighting
• Evaluate the plumbing and replace the older water heater
• Evaluate the electrical system despite prior panel improvements
• Service and retain the 2021 HVAC system if its condition permits
• Remove the damaged shed, debris and overgrowth
• Complete all required permits and inspections

Comparable Sales

1. 2805 W Gadsden St – 2/1, 600 sq ft, built in 1943, sold August 2025 for $145,000. The closest finished-size comparison. Completely renovated with a new roof, HVAC, water heater, electrical, kitchen, bathroom, flooring, siding and landscaping.
2. 1114 N Q St – 2/1, 768 sq ft, built in 1943, sold July 2026 for $115,000. Cottage with hardwood flooring and beadboard ceilings that had previously been marketed as a rental. Larger than the subject and not presented as a comprehensive high-end renovation.
3. 2405 W Hernandez St – 2/1, 850 sq ft, built in 1940, sold March 2026 for $143,000. Renovated after a prior distressed sale, but approximately 330 sq ft larger than the subject.
4. 811 W Jordan St – 2/1, 800 sq ft, built in 1943, sold February 2026 for $165,000. Fully renovated with a new roof, windows, HVAC, water heater, kitchen and rebuilt bathroom. Considerably larger and superior in condition.
5. 2010 N G St – 2/1, 850 sq ft per public record and 900 sq ft per MLS, built in 1957, sold January 2026 for $172,000. Same construction year but substantially larger. Fully remodeled, furnished and operating as an Airbnb at the time of sale.
6. 1216 1/2 N X St – 2/1, 624 sq ft, built in 1928, sold June 2026 for $36,000. Full-rehabilitation sale with no interior access and an occupied condition. Slightly larger but useful support for the subject’s current condition.

ARV & Rental Analysis

Estimated ARV: $130,000 to $145,000 +/-

Estimated Rent: $1,050 to $1,200 per month +/-