logo
Properties
Explore our listings
Buy
Listings for sale
Rent
Listings for rent
Areas
Explore areas information
Buildings
Check buildings information
Neighborhoods
Check neighborhoods information
Contact
Tell us about your needs
Language
Change website language
English
Русский
Español
中文(简体)
Sign In
Sign in or register

5505 16TH AVENUE S

Multi-family For Sale
$550,000

BTC: 8.08823529

ETH: 5,500.00000000

63 days
3 bds
1,816 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Located in one of Gulfport’s most desirable rental corridors, 5505 16th Ave S presents a rare opportunity to acquire a stabilized, cash-flowing triplex with diversified income streams and long-term upside. This well-maintained NON FLOOD ZONE property offers a total of three units with a strong mix of long-term and short-term rental income, making it ideal for investors seeking both stability and growth. Also, a great opportunity for those looking to HOUSE HACK and live in one unit and have the other two units cash flow make for free living! Unit 1 features a spacious 3-bedroom, 1-bath layout encompassing 1,086 square feet, currently leased as a long-term rental at $2,500 per month. Unit 2 is a 330-square-foot studio, also rented long-term at $1,500 per month, offering efficient living with strong tenant demand. Unit 3 is a 400-square-foot fully furnished studio operating as a short-term rental, generating $1,700 per month with an average nightly rate of $80 and approximately 75% occupancy, providing immediate upside through optimized short-term management. All three units are serviced by a shared laundry area, adding convenience for tenants and an additional value component for ownership. Major capital improvements include a new roof installed in 2019 and a sewer line replacement in 2019, significantly reducing future maintenance exposure and enhancing long-term asset durability. With a compelling blend of reliable long-term income and flexible short-term rental potential, this property is perfectly positioned for investors looking to maximize returns in a thriving coastal market. Whether held as a stabilized asset or further optimized for increased cash flow, 5505 16th Ave S stands out as a turnkey multifamily opportunity in Gulfport.

Location

Florida • GULFPORT • 33707 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1950
Lot:
0.13 Acres
Heating:
Central / Electric / Wall Units / Window Unit
Price/sqft:
$303
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Heating

    • Central

    • Electric

    • Wall Units / Window Unit

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

  • Property

    • Exterior Features: Lighting / Private Entrance

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 283116673380030100

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,871

  • Source details

    • MLS ID: TB8471888

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Slab

    • Laundry Features: Other

    • Living Area: 1816

    • Water Source: Public

    • Lot Size Dimensions: 54 x 107

    • Subdivision Name: PASADENA GARDENS GULFVIEW SEC

Similar Homes

4780 DOLPHIN CAY LANE S UNIT 109 placeholder 4780 DOLPHIN CAY LANE S UNIT 109
New
For Sale
Condo/Co-op
$645,000
2 bds • 2 ba • 1,438 sqft
4780 DOLPHIN CAY LANE S UNIT 109
2724 5TH AVENUE S placeholder 2724 5TH AVENUE S
New
For Sale
Townhouse
$699,900
3 bds • 3 ba • 2,079 sqft
2724 5TH AVENUE S
2812 MIRIAM STREET S placeholder 2812 MIRIAM STREET S
1 days
For Sale
Multi-family
$525,000
11252 bds • 1,142 sqft
2812 MIRIAM STREET S
6931 GRANDE VISTA WAY S placeholder 6931 GRANDE VISTA WAY S
3 days
For Sale
House
$540,000
3 bds • 2 ba • 1,430 sqft
6931 GRANDE VISTA WAY S
2800 13TH AVENUE N placeholder 2800 13TH AVENUE N
3 days
For Sale
House
$570,000
4 bds • 3 ba • 1,829 sqft
2800 13TH AVENUE N
4091 50TH AVENUE S placeholder 4091 50TH AVENUE S
3 days
For Sale
House
$699,900
3 bds • 3 ba • 2,300 sqft
4091 50TH AVENUE S
2 79TH STREET S placeholder 2 79TH STREET S
3 days
For Sale
House
$525,000
2 bds • 2 ba • 1,206 sqft
2 79TH STREET S
6447 17TH PLACE N placeholder 6447 17TH PLACE N
3 days
For Sale
House
$439,000
3 bds • 2 ba • 1,596 sqft
6447 17TH PLACE N

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COMPASS FLORIDA LLC