1215 31St Ave Gulfport, MS 39501
Exceptional investment opportunity awaits at 1215 31st Avenue, Gulfport, MS. This 7,405 square foot lot features a 3,461 square foot main building and a secondary attached structure, offering versatile usage options. Originally constructed in 1930 with an addition in the 1990s, the property is zoned T4, allowing for multi-family residential, single-family residential, or commercial use. The main building previously served as a doctor's office, while the attached structure, with a separate entrance, was utilized as an Airbnb, demonstrating strong potential for rental income. The property boasts a newer roof (a few years old) and two air conditioning units, one brand new and the other a couple of years old. Enjoy water views from the street and benefit from the property's proximity to Jones Park, Gulfport's main events, shopping, dining, and the interstate. Priced $100,000 below its 2023 appraised value, this property presents significant instant equity and a compelling return on investment. Don't miss this chance to acquire a unique and versatile property in a highly desirable Gulfport location.
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Dr. Allan G. Cougle, MD Physician
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Coast Cardiovascular Consultants Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.