Duplex with Detached
For Sale
$450,000
5401 21ST Avenue S, Gulfport, FL 33707
Residential Income, GULFPORT, FL
Property Size1,528 SF
Lot Size0.22 Acres
Price / SF$294.50
Days on Market55
Property Features for 5401 21ST Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 2
Interior features
Ceiling Fans(s)
Exterior features
Fence, Lighting, Sidewalk
Fencing
Fenced
Subdivision
PASADENA GARDENS GULFVIEW SEC
Directions
Gulfport Blvd. S. (22nd Ave. S.) to 56th St., north to address on the left.
Standard status
Active
APN
28-31-16-67338-032-0110
Size
1,528 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PASADENA GARDENS GULFVIEW SEC BLK 32, LOT 11 & E 1/2 OF LOT 12
Tax Annual Amount
6560
Legal Description
PASADENA GARDENS GULFVIEW SEC BLK 32, LOT 11 & E 1/2 OF LOT 12
Utilities
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Central Air
Water source
Public
Amenities
private putting green
covered patio
Building Details
Year built
1945
Building materials
Frame
Roof type
Shingle
Listing Agency:
INVESTMENT FLORIDA REALTY LLC
(727) 940-5909
Listed By:
ALEXIS Selby
(727) 207-4104
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 28 at 9:06AM
MLS# W7889437
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.
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Investment Insights
Based on property information with market context.
This duplex property includes a 3-bedroom, 1-bath cottage and a separate 2-bedroom, 1-bath apartment positioned above a 2-car garage. The residences have independent water and electric meters. The 1,528-square-foot property sits on a 0.22-acre lot with a fully fenced backyard, covered patio, and private putting green. A shingle roof dates to 2018, while the AC units were installed in 2021 and 2025.
Located in Gulfport, the property is near Downtown Gulfport, with restaurants, shops, galleries, entertainment, the waterfront district, and community events nearby. Public water and public sewer serve the property. Frame construction, central heating, ductless heating, central air, and wall/window cooling units are included among the existing features.
Located in Gulfport, the property is near Downtown Gulfport, with restaurants, shops, galleries, entertainment, the waterfront district, and community events nearby. Public water and public sewer serve the property. Frame construction, central heating, ductless heating, central air, and wall/window cooling units are included among the existing features.
Key Highlights
- Two residences: a 3‑bedroom, 1‑bath cottage and a 2‑bedroom, 1‑bath apartment
- Apartment located above a spacious 2‑car garage
- Separate water and electric meters for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,835
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,700
$356.7K
Cap Rate 7%
$254,786
$254.8K
Cap Rate 9%
$198,167
$198.2K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$27.3K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$25.5K $16.67/SF
− OpEx
−$7.6K −$5.00/SF
NOI
$17.8K $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%
$356,700
Cap Rate 7%
$254,786
Cap Rate 9%
$198,167
Alternative Uses
Best Use
Multifamily LT 5
$254.8K
$222.9K – $297.3K
NOI $17,835 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$200.8K
$175.7K – $234.2K
NOI $14,053 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$397.4K
$347.8K – $463.7K
NOI $27,821 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
855
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-residence property with separate utility metering, a fenced yard, covered patio, and private putting green.
Where is this duplex located?
The property is located at 5401 21ST Avenue S Gulfport, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 1‑bath cottage and a 2‑bedroom, 1‑bath apartment; Apartment located above a spacious 2‑car garage; Separate water and electric meters for both residences
