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Damaris Royalty

damaris.royalty@realestatedwellings.com +1(228) 265-8241

$ 699,900

Est. payment -/mo

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5420 28th Street Gulfport, MS 39501

24 Beds

12 Baths

8,700 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,700 sqft

Price per Sqft $80

Subdivision Kennelworth Park

MLS Listing ID 4150839

Style Traditional

Bedrooms 24

Full Baths 12

Year Built 1979

Annual Tax Amount $5,694

Lot Size 0.620 Acres

Acres 0.62

Lot Dimensions 210' x 129'

Source MLS United

Property Description

Rare investment opportunity directly across from the north entrance of Naval Construction Battalion Center (NCBC) Gulfport — one of the Gulf Coast's most reliable demand drivers for residential rentals. This 13-unit mixed-use income portfolio spans two adjacent parcels (5400 & 5420 28th St) and includes twelve 2-bedroom/1-bath units and one 1-bedroom studio, generating $8,700/month ($104,400/year) in current gross rents. Property further features a vacant 600 SF commercial space and a non-operating on-site laundry facility — both representing immediate, untapped income streams for a new owner. Current rents run well below Gulfport market rates of $850-$1,100+/month for 2-bedroom units, offering a clear value-add path through natural lease turnover with no forced displacement. Bring the commercial space online, restore the laundry, and stabilized gross income potential approaches $13,100+/month. Combined annual property taxes on both parcels total just $6,456. Water and dumpster service are owner-paid and documented. Ideal for a 1031 exchange buyer, regional multifamily operator, or value-add investor. Zoned commercial/multifamily. Do not disturb tenants — showings by appointment only. All information deemed reliable but not guaranteed; buyer to verify all data.

Location

State MS

County Harrison

Direction From Canal Road, go East on 28th Street. From 25th Ave (Hwy 49), go West on 28th Street. Located across the street from the Navy SeaBee Base North Gate.

Interior

Interior Features Open Floorplan

Heating Central, Electric

Cooling Central Air, Electric

Flooring Ceramic Tile

Furnishings No

Window Features Aluminum Frames

Appliance Electric Water Heater, Range, Refrigerator

Laundry See Remarks

Exterior

Exterior Feature None

Parking Features Common, Concrete

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

Roof Type Architectural Shingles

Porch Front Porch

Garage No

Building

Lot Description Corner Lot, Level, Dumpster

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Structure Type None

New Construction No

Others

Tax ID 0710n-03-028.000

Pets Allowed Breed Restrictions, Cats OK, Dogs OK

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Listed by Coldwell Banker Alfonso Realty-Lorraine Rd

Damaris Royalty

REALTOR

+1(228) 265-8241

Damaris Royalty

5420 28th Street Gulfport, MS 39501

Key Details

Location

Interior

Exterior

Building

Others

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5420 28th Street