Fully Renovated 14-Unit
New
For Sale
$950,000
2524 28th Avenue, Gulfport, MS 39501
MULTI_FAMILY - Gulfport, MS
Property Size12,960 SF
Lot Size0.49 Acres
Price / SF$73.30
Days on Market3
Property Features for 2524 28th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
14
Full bathrooms
14
Rooms
Bedroom 10, Bathroom 6, Bedroom 7, Bathroom 4, Bathroom 8, Bathroom 10, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 14, Bedroom 2, Bedroom 13, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 4, Bathroom 9, Bathroom 14, Bathroom 13, Bathroom 12, Bedroom 12, Bathroom 7, Bedroom 9, Bathroom 11, Bedroom 8, Bedroom 6, Bedroom 11
Subdivision
Standard Land
Lot features
City Lot, City Lot
Standard status
Active
APN
0810n-04-063.000
Size
12,960 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 9 & 10 BLK 24 STANDARD LAND
Tax Annual Amount
2766
Legal Description
LOTS 9 & 10 BLK 24 STANDARD LAND
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Amenities
on-site coin-operated laundry facility
Building Details
Year built
1940
Floors in Building
1
Number of units
14
Flooring type
Vinyl, Carpet
Roof type
Asphalt
Listing Agency:
Keller Williams · Keller Williams Realty
(228) 275-7500
Listed By:
Nicole S Sanchez · License #B24326
(228) 243-1222
Added: Jul 28
Last Checked: Jul 30 at 2:06PM
MLS# 4157330
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.
Investment Insights
Based on property information with market context.
Fully renovated 14-unit multifamily property featuring 3 newly constructed units built from the ground up (units 12, 13 and 14). The unit mix includes 4 studio apartments and 10 one-bedroom apartments. An on-site coin-operated laundry facility provides an additional amenity for residents.
The property is located in Gulfport, just minutes from downtown, the Gulf Coast beaches, and the Naval Construction Battalion Center (NCBC) Gulfport (Seabee Base).
Historically, the property has maintained approximately 100% occupancy, reflecting strong and consistent rental demand.
The property is located in Gulfport, just minutes from downtown, the Gulf Coast beaches, and the Naval Construction Battalion Center (NCBC) Gulfport (Seabee Base).
Historically, the property has maintained approximately 100% occupancy, reflecting strong and consistent rental demand.
Key Highlights
- 14‑unit multifamily property with 4 studio units and 10 one‑bedroom units
- Includes 3 newly constructed units built from the ground up (units 12, 13 and 14)
- Historically maintained approximate 100% occupancy rate
Financial Insights For Apartment 5plus
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 | $143.1k | $11.04 |
| − Vacancy | −$11.3k | −$0.87 |
| EGI | $131.8k | $10.17 |
| − OpEx | −$59.3k | −$4.58 |
| NOI | $72.5k | $5.59 |
12,960 SF · lease $11.04/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$906.0K – $1.21M
NOI $72,476 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.09M
$1.83M – $2.44M
NOI $146,150 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 14-unit property with studio and one-bedroom apartments, plus on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 2524 28th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 14‑unit multifamily property with 4 studio units and 10 one‑bedroom units; Includes 3 newly constructed units built from the ground up (units 12, 13 and 14); Historically maintained approximate 100% occupancy rate
