- CENTURY 21 Real Estate
- Florida
- Gulfport
- 5505 16th Avenue S
5505 16th Avenue S, Gulfport, FL 33707
Local realty services provided by:CENTURY 21 Real Estate Champions
Listed by: zach steinberger
Office: compass florida llc.
MLS#:TB8471888
Source:MFRMLS
Price summary
- Price:$550,000
- Price per sq. ft.:$237.48
About this home
Located in one of Gulfport’s most desirable rental corridors, 5505 16th Ave S presents a rare opportunity to acquire a stabilized, cash-flowing triplex with diversified income streams and long-term upside. This well-maintained NON FLOOD ZONE property offers a total of three units with a strong mix of long-term and short-term rental income, making it ideal for investors seeking both stability and growth. Also, a great opportunity for those looking to HOUSE HACK and live in one unit and have the other two units cash flow make for free living!
Unit 1 features a spacious 3-bedroom, 1-bath layout encompassing 1,086 square feet, currently leased as a long-term rental at $2,500 per month. Unit 2 is a 330-square-foot studio, also rented long-term at $1,500 per month, offering efficient living with strong tenant demand.
Unit 3 is a 400-square-foot fully furnished studio operating as a short-term rental, generating $1,700 per month with an average nightly rate of $80 and approximately 75% occupancy, providing immediate upside through optimized short-term management. All three units are serviced by a shared laundry area, adding convenience for tenants and an additional value component for ownership. Major capital improvements include a new roof installed in 2019 and a sewer line replacement in 2019, significantly reducing future maintenance exposure and enhancing long-term asset durability. With a compelling blend of reliable long-term income and flexible short-term rental potential, this property is perfectly positioned for investors looking to maximize returns in a thriving coastal market. Whether held as a stabilized asset or further optimized for increased cash flow, 5505 16th Ave S stands out as a turnkey multifamily opportunity in Gulfport.
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Home facts
- Year built:1950
- Listing ID #:TB8471888
- Added:3 day(s) ago
- Updated:February 06, 2026 at 01:01 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Living area:1,816 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Ductless, Electric
Structure and exterior
- Roof:Shingle
- Year built:1950
- Building area:1,816 sq. ft.
- Lot area:0.13 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$237.48
- Tax amount:$5,871 (2024)
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