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5420 28th Street, 
Gulfport, MS 39501

$735,000


24

Beds


12

Baths


8,700

Sq Ft


Multi-Family


Virtual Tour

Active

228-287-1000

Last updated:

May 29, 2026, 12:44 AM

MLS#

4150839

Source:

MS UNITED

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About This Home

5420 28th Street

Rare investment opportunity directly across from the north entrance of Naval Construction Battalion Center (NCBC) Gulfport — one of the Gulf Coast's most reliable demand drivers for residential rentals. This 13-unit mixed-use income portfolio spans two adjacent parcels (5400 & 5420 28th St) and includes twelve 2-bedroom/1-bath units and one 1-bedroom studio, generating $8,700/month ($104,400/year) in current gross rents. Property further features a vacant 600 SF commercial space and a non-operating on-site laundry facility — both representing immediate, untapped income streams for a new owner. Current rents run well below Gulfport market rates of $850-$1,100+/month for 2-bedroom units, offering a clear value-add path through natural lease turnover with no forced displacement. Bring the commercial space online, restore the laundry, and stabilized gross income potential approaches $13,100+/month. Combined annual property taxes on both parcels total just $6,456. Water and dumpster service are owner-paid and documented. Ideal for a 1031 exchange buyer, regional multifamily operator, or value-add investor. Zoned commercial/multifamily. Do not disturb tenants — showings by appointment only. All information deemed reliable but not guaranteed; buyer to verify all data.

Home Facts

Multi-Family

12 Baths

24 Bedrooms

Built in 1979

Price Summary

735,000

$84 per Sq. Ft.

MLS #:

4150839

Last Updated:

May 29, 2026, 12:44 AM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

24

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

12

Interior

Living Area:

8,700 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

8,700 Sq. Ft.

Year Built:

1979


Lot

Lot Size (Sq. Ft):

27,007


Finances & Disclosures

Finances

Price:

$735,000

Price per Sq. Ft:

$84 per Sq. Ft.

5420 28th Street
Source:MS UNITED
The information being provided by MLS United is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 MLS United All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.