Building Details

Year Built 1920

Listing Agency: VIEWPOINT REALTY INTERNATIONAL Show Phone

Listed By: Maryann Spearman · License #3234385 Show Phone

Source: Endlesssummerrealty

Added: Aug 22 Changed: Oct 13 Last Checked: Oct 14 at 11:33PM

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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 VIEWPOINT REALTY INTERNATIONAL

Investment Insights

Based on property information with market context.

This 2,792-square-foot quadplex, built in 1920, includes three units within a two-story block building and a fourth unit in a detached single-unit structure. One unit is currently livable and was previously used as an Airbnb, while the other three require substantial renovation and repairs. A new roof was installed in 2020, and white vinyl fencing serves the property.

The corner parcel fronts Beach Boulevard S and 30th Avenue S in Gulfport’s Waterfront Redevelopment District, near Gulfport Beach, the Gulfport Pier, restaurants, shops, galleries, breweries, and the Gulfport Art Walk. Any future use or development remains subject to zoning and City of Gulfport approval.

Key Highlights

• Four total units across two buildings
• 2,792 square feet on a corner parcel
• Three units in a two‑story block building; one in a separate single‑unit building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,589

Cap Rate

4.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,780 $651.8K

Cap Rate 7%

$465,557 $465.6K

Cap Rate 9%

$362,100 $362.1K

Market Conditions

NOI Build-Up for 2,792 SF

Gross rent

$49.9K $17.88/SF

− Vacancy

−$3.4K −$1.21/SF

EGI

$46.6K $16.67/SF

− OpEx

−$14.0K −$5.00/SF

NOI

$32.6K $11.67/SF

Area

Pinellas County, FL

Vacancy

6.74%

Lease Rate

$17.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$651,780

Cap Rate 7%

$465,557

Cap Rate 9%

$362,100

Alternative Uses

Best Use

Multifamily LT 5

$465.6K

$407.4K – $543.2K (±1% cap)

NOI $32,589 @ 7.0% cap · market cap 4.18%

Second Best

Apartment 5plus

$366.8K

$321.0K – $428.0K (±1% cap)

NOI $25,678 @ 7.0% cap · market cap 3.29%

Theoretical Best

Office A

$726.2K

$635.4K – $847.3K (±1% cap)

NOI $50,835 @ 7.0% cap · market cap 6.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Electrical Service

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

445

Businesses Nearby

Explore this area Business Placement

Demographics for 33707, FL

24,646

Population

16,579

Households

1.5

Avg Household Size

58

Median Age

40%

College-Educated

95%

High-School Grad

5.3 sq mi

ZIP Area

4,650

Density / Sq Mi

$68,560

Median Household Income

$45,513

Median Earnings

$1,512

Median Rent

$344,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit property with separate buildings, one livable unit, and three units requiring substantial renovation.

Where is this quadplex located?

The property is located at 2938 BEACH BOULEVARD S Gulfport, FL.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: Four total units across two buildings; 2,792 square feet on a corner parcel; Three units in a two‑story block building; one in a separate single‑unit building