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5420 28th Street, Gulfport, MS 39501

Gulfport
Local realty services provided by:CENTURY 21 David Stevens Inc.
5420 28th Street,Gulfport, MS 39501
$735,000
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  • 24 Beds
  • 12 Baths
  • 8,700 sq. ft.
  • Multi-family
  • Pending
Listed by: philip j leblanc
Office: coldwell banker alfonso realty-lorraine rd
MLS#:4150839
Source:MS_UNITED

Price summary

  • Price:$735,000
  • Price per sq. ft.:$84.48

About this home

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...

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Home facts

  • Year built:1979
  • Subdivision & Development:Kennelworth Park
  • Listing ID #:4150839
  • Added:64 day(s) ago
  • Updated:August 01, 2026 at 07:50 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:12
  • Full bathrooms:12
  • Flooring:Ceramic Tile
  • Living area:8,700 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Year built:1979
  • Building area:8,700 sq. ft.
  • Lot area:0.62 Acres
  • Lot Features:Corner Lot, Dumpster, Level
  • Architectural Style:Traditional
  • Construction Materials:Brick, Wood Siding
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$735,000
  • Price per sq. ft.:$84.48
  • Tax amount:$5,694 (2025)

Features and amenities

  • Amenities:Aluminum Frames, Open Floorplan

Parking

  • Total parking spaces:24
  • Parking description:Common, Concrete

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