Ad #7703278
MLS #4150839
Rare investment opportunity directly across from the north
5420 28th St, Gulfport, Mississippi, 39501
$735,000
24Beds
12Baths
8,700Sqft
0.620Acres
About this property
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+/monthbined 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.
Property Features
24 Beds
12 Baths
8,700 Sqft
Built in 1979
0.620 Acres
1 Story
Shingle Roof
$5,694 / yr property tax
Harrison County
Kennelworth Park Community
Additional Photos
Contact Information
Philip J Leblanc
Coldwell Banker Alfonso Realty,Inc.
228-860-0082
Location
Listing Agent: Philip J Leblanc (License #: S30047) 228-860-0082
Broker: Coldwell Banker Alfonso Realty,Inc. 228-287-1000 Listing Site
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Coldwell Banker Alfonso Realty,Inc. 228-287-1000 Listing Site
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$735,000
24
Beds
12
Baths
8,700
Sqft
5420 28th St, Gulfport, Mississippi, 39501
By contacting this agent you agree to these Terms and Conditions.
MLS# 4150839
Rare investment opportunity directly across from the north
$735,000
5420 28th St, Gulfport, Mississippi, 39501
24
Beds
12
Baths
8,700
Sqft
0.620
Acres
$735,000
5420 28th St, Gulfport, Mississippi, 39501
24 Beds
12 Baths
8,700 Sqft
0.620 Acres
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+/monthbined 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.
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Property Details
HOME DETAILS
24 Beds
12 Baths
8,700 Sqft
Built in 1979
0.620 Acres
1 Story
EXTERIOR
Shingle Roof
FINANCIAL & COMMUNITY
$5,694 / yr property tax
Harrison County
Kennelworth Park Community
See More Details
Location
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Ad Statistics
Ad Number
7703278
Viewed
24 times
Listing Status
Pending
Added
Jul 10, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
MLS United
Source Property ID
4150839
Listing Agent: Philip J Leblanc (License #: S30047) 228-860-0082
Broker: Coldwell Banker Alfonso Realty,Inc. 228-287-1000 Listing Site
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Coldwell Banker Alfonso Realty,Inc. 228-287-1000 Listing Site
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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