5420 28th Street, Gulfport, MS 39501 (MLS# 4150839)

$735,000

5420 28th Street
Gulfport, MS 39501
MLS# 4150839
24 beds | 8700 sqft

1 / 24

Property Description
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.

Details

Maps

Address and Location Information

Parcel Number: 0710n-03-028.000

PPIN: 090753

Directions to Property: From Canal Road, go East on 28th Street. From 25th Ave (Hwy 49), go West on 28th Street. Located across the street from the Navy SeaBee Base North Gate.

N or S of I-10: S

N or S of CSX Railroad Track: N

Street Number: 5420

Street Name: 28th

Street Suffix: Street

County: Harrison

State: MS

Zip Code: 39501

Subdivision: Kennelworth Park

Listing Information

Listing Service: Full Service

Never Occupied: No

Status: Active

List Date: 2026-05-28

List Price: $735,000

Current Price: $735,000

General Property Information

New Construction: No

# of Units Included in Sale: 13

Approx Lot Size Acres: 0.62

Lot Size Dimensions: 210' x 129'

SqFt Source: Public Records

List Price/SqFt: 84.48

Year Built Known: Yes

Year Built Source: Public Records

Garage Spaces: 0

Carport Spaces: 0

Total Floors: 1

Bathrooms Half: 0

Bathrooms Three Quarter: 0

Furnished: No

School District: Gulfport Dist

Accessibility Features: No

Complex Name: Seabreeze

Approx H/C SqFt: 8700

Year Built: 1979

Bedrooms Total: 24

Bathrooms Full: 12

Tax and Financial Information

Tax Annual Amount: 5694

Tax Year: 2025

Homestead Y/N: No

Additional Exemptions Y/N: No

Flood Insurance Required?: No

Annual Home Insurance: 13125

Leasehold Y/N: No

Sold In Previous 12 Months: No

Association: No

Covenants Y/N: No

Legal Description: LOTS 11 TO 18 INC BLK 10 KENELSWORTH PARK SEC 31-7-11

Remarks & Miscellaneous

Public Remarks: 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.

Structure Type

Multi Family: 1

Income & Expenses

Annual Net Income: 51183

Gross Operating Income: 96048

Total Operating Expenses: 44865

Vacancy Factor: 100% occupied

Architectural Style

Traditional: 1

Lot Features

Corner Lot: 1

Dumpster: 1

Level: 1

Additional Type Details

Apartment Complex: 1

Levels

One: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

Assumption: Non-Qualify

1031 Exchange: 1

Cash: 1

Conventional: 1

Waterfront Features

None: 1

Showing Requirements

Showing: Appointment Required

Appointment Phone: 228-860-0082

Interior Features

Open Floorplan: 1

Utilities

Cable Available: 1

Electricity Connected: 1

Sewer Connected: 1

Water Connected: 1

Owner Pays

Insurance: 1

Sewer: 1

Taxes: 1

Trash Collection: 1

Water: 1

Other: 1

Tenant Pays

Electricity: 1

Pets Allowed

Breed Restrictions: 1

Cats OK: 1

Dogs OK: 1

Bathroom Features

5 Foot Tub: 1

Ceramic Tile: 1

Appliances

Electric Water Heater: 1

Range: 1

Refrigerator: 1

Walls - Interior

Sheetrock: 1

Flooring

Ceramic Tile: 1

Window Features

Aluminum Frames: 1

Door Features

Dead Bolt Lock(s): 1

Laundry Features

See Remarks: 1

Security Features

Smoke Detector(s): 1

Cooling

Central Air: 1

Electric: 1

Heating

Central: 1

Electric: 1

Foundation Details

Slab: 1

Exterior Construction/Siding

Brick: 1

Wood Siding: 1

Roof

Architectural Shingles: 1

Exterior Features

None: 1

Patio And Porch Features

Front Porch: 1

Fencing

None: 1

Driveway Features

Concrete Drive: 1

Parking Features

Parking Total: 24

Common: 1

Water Heater

40 Gallons or Less: 1

Electric: 1

Available Documents

APOD: 1

Leases: 1

Marketing Package: 1

Tax Info: 1

Disclosures

None: 1

Approx Age Code

Older Home 25+ Years: 1

Parking Spaces

2 Space Unit: 1

Uncovered Parking?

1-25 Spaces: 1

Lease Term

12 Months: 1

Unit 1

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 695

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5420 A

Unit 1 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Unit 2

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 695

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5420 B

Unit 2 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Unit 3

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 695

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5420 C

Unit 3 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Unit 4

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 525

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5420 D

Unit 4 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Unit 5

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 725

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5430 A

Unit 5 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Unit 6

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 695

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5430 B

Unit 6 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Unit 7

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 695

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5430 C

Unit 7 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Unit 8

Bedrooms: 2

Full Baths: 1

Number of Rooms: 5

Rent: 695

Furnished: No

Leased: Yes

Occupied: Yes

Description: 5430 D

Unit 8 Appliances

Range: 1

Refrigerator: 1

Water Heater - Electric: 1

Property Features

Structure Type: Multi Family

Additional Type Details: Apartment Complex

Architectural Style: Traditional

Lot Features: Corner Lot; Dumpster; Level

Levels: One

Owner Pays: Insurance; Taxes; Trash Collection; Water; Other

Tenant Pays: Electricity

Interior Features: Open Floorplan

Pets Allowed: Breed Restrictions; Cats OK; Dogs OK

Bathroom Features: 5 Foot Tub; Ceramic Tile

Appliances: Electric Water Heater; Range; Refrigerator

Walls - Interior: Sheetrock

Flooring: Ceramic Tile

Window Features: Aluminum Frames

Door Features: Dead Bolt Lock(s)

Laundry Features: See Remarks

Security Features: Smoke Detector(s)

Cooling: Central Air; Electric

Heating: Central; Electric

Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected

Sewer: Public Sewer

Water Source: Public

Foundation Details: Slab

Listing Terms: 1031 Exchange; Cash; Conventional

Roof: Architectural Shingles

Exterior Features: None

Patio And Porch Features: Front Porch

Fencing: None

Driveway Features: Concrete Drive

Parking Features: Common

Waterfront Features: None

Water Heater: 40 Gallons or Less; Electric

Lease Term: 12 Months

Disclosures: None

Approx Age Code: Older Home 25+ Years

Parking Spaces: 2 Space Unit

Available Documents: APOD; Leases; Marketing Package; Tax Info

Unit 1 Appliances: Range; Refrigerator; Water Heater - Electric

Unit 2 Appliances: Range; Refrigerator; Water Heater - Electric

Unit 3 Appliances: Range; Refrigerator; Water Heater - Electric

Unit 4 Appliances: Range; Refrigerator; Water Heater - Electric

Unit 5 Appliances: Range; Refrigerator; Water Heater - Electric

Unit 6 Appliances: Range; Refrigerator; Water Heater - Electric

Unit 7 Appliances: Range; Refrigerator; Water Heater - Electric

Unit 8 Appliances: Range; Refrigerator; Water Heater - Electric

Listing Office: Coldwell Banker Alfonso Realty-Lorraine Rd

Listing Agent: Philip J Leblanc

Last Updated: May - 28 - 2026

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