Mixed-Use Road-Front
5617 GULFPORT Boulevard S Gulfport, FL 33707
For Sale
$675,000
MULTI_FAMILY - GULFPORT, FL
Property Size1,851 SF
Lot Size0.15 Acres
Price / SF$364.67
Days on Market342
Property Features for 5617 GULFPORT Boulevard S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Interior features
Ceiling Fans(s)
Exterior features
Sidewalk
Appliances
Refrigerator
Standard status
Active
APN
28-31-16-67338-037-0110
Size
1,851 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PASADENA GARDENS GULFVIEW SEC BLK 37, W 25FT OF LOT 11 & E 27FT OF LOT 12
Tax Annual Amount
3968
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
GULFPORT REALTY
(727) 289-5500
Listed By:
Stacey Purcell · License #3218777
(727) 744-0636
Added: Aug 21, 2025
Changed: Jul 25
Last Checked: Jul 28 at 12:06AM
MLS# TB8420149
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a 4-bedroom residence with an office and three bathrooms, along with two separate 1-bedroom, 1-bathroom units located in the private back area. The back units have their own parking, supporting an arrangement that can work as combined living and rental use.
The front of the property can be used for large single-family living or for commercial purposes, and the listing notes commercial/residential zoning to allow for mixed-use options. The property is described as having excellent road frontage and exposure, with ample parking and high visibility for the front portion.
Overall, the configuration supports a flexible layout where the front can function as a primary space while the two back units can be operated separately from the front area.
The front of the property can be used for large single-family living or for commercial purposes, and the listing notes commercial/residential zoning to allow for mixed-use options. The property is described as having excellent road frontage and exposure, with ample parking and high visibility for the front portion.
Overall, the configuration supports a flexible layout where the front can function as a primary space while the two back units can be operated separately from the front area.
Key Highlights
- 4‑bedroom home with an office and 3 bathrooms, built in 1954
- Could easily be configured as 3 units, with a front area for single‑family living or commercial use
- Private back area includes two 1‑bedroom, 1‑bathroom Airbnb units, each with its own parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $17.88 |
| − Vacancy | −$2.2k | −$1.21 |
| EGI | $30.9k | $16.67 |
| − OpEx | −$9.3k | −$5.00 |
| NOI | $21.6k | $11.67 |
1,851 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.1K – $360.1K
NOI $21,606 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$243.2K
$212.8K – $283.7K
NOI $17,024 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$481.5K
$421.3K – $561.7K
NOI $33,702 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Commercial/residential zoned property with road frontage, a front 4-bedroom with office, and two back 1BR/1BA units.
Where is this duplex located?
The property is located at 5617 GULFPORT Boulevard S Gulfport, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4‑bedroom home with an office and 3 bathrooms, built in 1954; Could easily be configured as 3 units, with a front area for single‑family living or commercial use; Private back area includes two 1‑bedroom, 1‑bathroom Airbnb units, each with its own parking
