5420 28th Street, Gulfport, MS 39501 (MLS# 4150839)

5420 28th Street, Gulfport, MS 39501

New Listing

$735,000

Virtual Tour

https://www.propertypanorama.com/5420-28th-Street-Gulfport-MS-39501/unbranded

Property Type: Res Income Multi-Fam Bedrooms: 24 Square Footage: 8,700 Lot Size (sq. ft.): 27,007 Status: Active

Current Price: $735,000 List Date: 5/28/2026 Last Modified: 5/28/2026

Overview

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 ser ... (Read more)

Listing Details MLS# 4150839

General Property Information

# of Units Included in Sale: 13
Approx Lot Size Acres: 0.62
Lot Size Dimensions: 210' x 129'
Approx H/C SqFt: 8700
SqFt Source: Public Records
List Price/SqFt: 84.48
Year Built Known: Yes
Year Built: 1979
Year Built Source: Public Records
Total Floors: Yes
Bedrooms Total: 24
Bathrooms Full: 12
Furnished: No
School District: Gulfport Dist
Accessibility Features: No
Complex Name: Seabreeze
New Construction: No
Garage Spaces: 0
Carport Spaces: 0
Bathrooms Half: 0
Bathrooms Three Quarter: 0

Property Features

Structure Type: Multi Family Additional Type Details: Apartment Complex Architectural Style: Traditional Lot Features: Corner Lot; Dumpster; Level Levels: One Owner Pays: Insurance; Taxes; Trash Collection; Water; Other Tenant Pays: Electricity Interior Features: Open Floorplan Pets Allowed: Breed Restrictions; Cats OK; Dogs OK Bathroom Features: 5 Foot Tub; Ceramic Tile Appliances: Electric Water Heater; Range; Refrigerator Walls - Interior: Sheetrock Flooring: Ceramic Tile Window Features: Aluminum Frames Door Features: Dead Bolt Lock(s) Laundry Features: See Remarks Security Features: Smoke Detector(s) Cooling: Central Air; Electric Heating: Central; Electric Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash; Conventional Roof: Architectural Shingles Exterior Features: None Patio And Porch Features: Front Porch Fencing: None Driveway Features: Concrete Drive Parking Features: Common Waterfront Features: None Water Heater: 40 Gallons or Less; Electric Lease Term: 12 Months Disclosures: None Approx Age Code: Older Home 25+ Years Parking Spaces: 2 Space Unit Available Documents: APOD; Leases; Marketing Package; Tax Info Unit 1 Appliances: Range; Refrigerator; Water Heater - Electric Unit 2 Appliances: Range; Refrigerator; Water Heater - Electric Unit 3 Appliances: Range; Refrigerator; Water Heater - Electric Unit 4 Appliances: Range; Refrigerator; Water Heater - Electric Unit 5 Appliances: Range; Refrigerator; Water Heater - Electric Unit 6 Appliances: Range; Refrigerator; Water Heater - Electric Unit 7 Appliances: Range; Refrigerator; Water Heater - Electric Unit 8 Appliances: Range; Refrigerator; Water Heater - Electric

Address and Location Information

Street Number: 5420
Street Name: 28th
Street Suffix: Street
County: Harrison
State: MS
Zip Code: 39501
Parcel Number: 0710n-03-028.000
PPIN: 090753
Subdivision: Kennelworth Park
Directions to Property: 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.
N or S of I-10: S
N or S of CSX Railroad Track: N

Listing Information

Listing Service: Full Service
Never Occupied: No

Tax and Financial Information

Tax Annual Amount: 5694
Tax Year: 2025
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Annual Home Insurance: 13125
Leasehold Y/N: No
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: LOTS 11 TO 18 INC BLK 10 KENELSWORTH PARK SEC 31-7-11

Listing Terms

Assumption: Non-Qualify
1031 Exchange: Yes
Cash: Yes
Conventional: Yes

More Information

Parking Features

Parking Total: 24
Common: Yes

Showing Requirements

Showing: Appointment Required
Appointment Phone: 228-860-0082

Unit 1

Full Baths: Yes
Number of Rooms: 5
Rent: 695
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5420 A

Unit 2

Full Baths: Yes
Number of Rooms: 5
Rent: 695
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5420 B

Unit 3

Full Baths: Yes
Number of Rooms: 5
Rent: 695
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5420 C

Unit 4

Full Baths: Yes
Number of Rooms: 5
Rent: 525
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5420 D

Unit 5

Full Baths: Yes
Number of Rooms: 5
Rent: 725
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5430 A

Unit 6

Full Baths: Yes
Number of Rooms: 5
Rent: 695
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5430 B

Unit 7

Full Baths: Yes
Number of Rooms: 5
Rent: 695
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5430 C

Unit 8

Full Baths: Yes
Number of Rooms: 5
Rent: 695
Furnished: No
Leased: Yes
Occupied: Yes
Description: 5430 D

Remarks & Miscellaneous

Public Remarks: 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.

Structure Type

Multi Family: Yes

Income & Expenses

Annual Net Income: 51183
Gross Operating Income: 96048
Total Operating Expenses: 44865
Vacancy Factor: 100% occupied

Architectural Style

Traditional: Yes

Lot Features

Corner Lot: Yes
Dumpster: Yes
Level: Yes

Additional Type Details

Apartment Complex: Yes

Levels

One: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Waterfront Features

None: Yes

Interior Features

Open Floorplan: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Owner Pays

Insurance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes
Other: Yes

Tenant Pays

Electricity: Yes

Pets Allowed

Breed Restrictions: Yes
Cats OK: Yes
Dogs OK: Yes

Bathroom Features

5 Foot Tub: Yes
Ceramic Tile: Yes

Appliances

Electric Water Heater: Yes
Range: Yes
Refrigerator: Yes

Walls - Interior

Sheetrock: Yes

Flooring

Ceramic Tile: Yes

Window Features

Aluminum Frames: Yes

Door Features

Dead Bolt Lock(s): Yes

Laundry Features

See Remarks: Yes

Security Features

Smoke Detector(s): Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick: Yes
Wood Siding: Yes

Roof

Architectural Shingles: Yes

Exterior Features

None: Yes

Patio And Porch Features

Front Porch: Yes

Fencing

None: Yes

Driveway Features

Concrete Drive: Yes

Water Heater

40 Gallons or Less: Yes
Electric: Yes

Available Documents

APOD: Yes
Leases: Yes
Marketing Package: Yes
Tax Info: Yes

Disclosures

None: Yes

Approx Age Code

Older Home 25+ Years: Yes

Parking Spaces

2 Space Unit: Yes

Uncovered Parking?

1-25 Spaces: Yes

Lease Term

12 Months: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Unit 5 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Unit 6 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Unit 7 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Unit 8 Appliances

Range: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Listing Office: Coldwell Banker Alfonso Realty-Lorraine Rd

Listing Agent: Philip J Leblanc

Last Updated: May - 28 - 2026