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Multifamily Property with Apartment Potential
For Sale
$299,000

1602 E Railroad Street, Gulfport, MS 39501

Corner-lot multifamily property with a six-bedroom main residence and partially completed additional living areas.

Property SizeContact for details
Days on Market43

Property Features for 1602 E Railroad Street

General Information

Standard status Active
Property subtype Res Income Multi-Fam

Amenities

pool
pool house
privacy fence

Building Details

Buildings 1
Listing Agency: Coldwell Banker Alfonso Realty-Lorraine Rd
Listed By: Philip J Leblanc · License #S30047
Source: Insightgroupms
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 30 at 5:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Alfonso Realty-Lorraine Rd

Investment Insights

Based on property information with market context.

This Gulfport multifamily property occupies a corner lot and includes a substantial main-level residence with six bedrooms, two full bathrooms, a sitting room, kitchen, dining area, family room, and dedicated laundry room. The upper level contains a partially completed apartment with electrical, plumbing, and HVAC work already roughed in; the space is described as suitable for a 1- or 2-bedroom configuration. A mostly finished attic may provide space for an efficiency apartment, subject to completion and verification. The property offers approximately 6,400 square feet of potential living space.

Exterior features include a metal roof installed less than three years ago, an above-ground pool with a new liner, a pool house, partial privacy fencing, and a mature pecan tree. Building materials convey with the sale. The property is located at 1602 E Railroad Street in Gulfport, near Mississippi Gulf Coast beaches, downtown, the harbor, restaurants, and walking and biking paths. The sale is offered As-Is / Where-Is.

Key Highlights

  • Approximately 6,400 square feet of potential living space
  • Main level includes six bedrooms, two full bathrooms, kitchen, dining area, family room, and laundry room
  • Upper‑level apartment roughed in with electrical, plumbing, and HVAC work

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Dental Office Furniture & Home Goods Acupuncture Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

479
Businesses Nearby

Demographics for 39501, MS

22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Corner-lot multifamily property with a six-bedroom main residence and partially completed additional living areas.
Where is this multifamily property located?
The property is located at 1602 E Railroad Street Gulfport, MS.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 6,400 square feet of potential living space; Main level includes six bedrooms, two full bathrooms, kitchen, dining area, family room, and laundry room; Upper‑level apartment roughed in with electrical, plumbing, and HVAC work
More about this property
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