Mixed-Use Multifamily Income
5420 28th Street Gulfport, MS 39501
5420 28th Street, Gulfport, MS, 39501
$735,000
Pending
For Sale
$735,000
Pending
MULTI_FAMILY - Gulfport, MS
Property Size8,700 SF
Lot Size0.62 Acres
Days on Market56
Property Features for 5420 28th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 24
- Bathrooms
- 12
- Rooms
- Bedroom 9, Bedroom 2, Bedroom 23, Bedroom 1, Bedroom 16, Bedroom 22, Bathroom 12, Bedroom 8, Bedroom 18, Bedroom 6, Bedroom 5, Bedroom 12, Bedroom 14, Bathroom 3, Bedroom 17, Bedroom 15, Bathroom 2, Bedroom 13, Bathroom 11, Bathroom 5, Bedroom 3, Bathroom 7, Bedroom 20, Bathroom 8, Bedroom 4, Bedroom 10, Bathroom 10, Bedroom 19, Bedroom 11, Bedroom 21, Bathroom 4, Bedroom 24, Bedroom 7, Bathroom 6, Bathroom 9, Bathroom 1
- Parking
- 24
- Window features
- Aluminum Frames
- Patio and Porch features
- Porch
- Pets allowed
- Cats OK, Breed Restrictions, Dogs OK
- Appliances
- Range
- Standard status
- Pending
- APN
- 0710n-03-028.000
- Size
- 8,700 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 11 TO 18 INC BLK 10 KENELSWORTH PARK SEC 31-7-11
- Tax Annual Amount
- 5694
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Number of units
- 13
- Flooring type
- Tile - Ceramic
- Roof type
- Shingle
Listing agency
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 287-1000
Listed by
Philip J Leblanc · License #S30047
(228) 860-0082
Added: May 28 Updated: Jul 10 at 8:51AM Checked: Jul 22 at 3:06PM
MLS# 4150839
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.
This for-sale mixed-use income portfolio includes 13 units across two adjacent parcels (5400 and 5420 28th St). The unit mix consists of twelve 2-bedroom/1-bath apartments and one 1-bedroom studio. In addition to residential space, the property includes a vacant 600 SF commercial area and a non-operating on-site laundry facility.
Public remarks state the property is zoned commercial/multifamily and currently generates $8,700 per month in gross rents ($104,400 per year). The listing also notes water and dumpster service are owner-paid and documented, and combined annual property taxes for both parcels total $6,456.
Showings are by appointment only, and tenants are not to be disturbed. All information is presented as reliable but not guaranteed, and buyers are advised to verify all details.
Public remarks state the property is zoned commercial/multifamily and currently generates $8,700 per month in gross rents ($104,400 per year). The listing also notes water and dumpster service are owner-paid and documented, and combined annual property taxes for both parcels total $6,456.
Showings are by appointment only, and tenants are not to be disturbed. All information is presented as reliable but not guaranteed, and buyers are advised to verify all details.
Local 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 | $96.0k | $11.04 |
| − Vacancy | −$7.6k | −$0.87 |
| EGI | $88.5k | $10.17 |
| − OpEx | −$39.8k | −$4.58 |
| NOI | $48.7k | $5.59 |
8,700 SF · lease $11.04/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$695.0K
$608.2K – $810.9K
NOI $48,653 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.40M
$1.23M – $1.64M
NOI $98,110 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 13-unit mixed-use income property with 12 two-bedroom units, one studio, plus a vacant commercial space.
Where is this apartment building located?
The property is located at 5420 28th Street Gulfport, MS.
What is the asking price?
The asking price for this property is $735,000.
