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8301 W GULF BOULEVARD

Multi-family For Sale
$1,375,000

BTC: 21.61949686

ETH: 722.68006559

-$200K (2026/06/29)
197 days
4 bds
2,871 sqft

Overview

This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation(1 month minimum 5 times per year), where projected returns could increase to approximately 7–9%(PRO FORMA AVAILABLE). This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building *Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent. DO NOT DISTURB TENANTS

Location

Details

Type:
Residential Income
Parking:
Guest / Open
Year Built:
1947
Lot:
0.13 Acres
Heating:
Electric / Heat Pump
Price/sqft:
$479
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$836,950
$639K – $1.5M
Confidence Low
List vs. estimate
$538K above estimate
List $1,375,000 · +64.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$478
+2.9% vs. city median $465
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,587
2025
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    • Luxury Vinyl

    • Hardwood

    Heating

    • Electric

    • Heat Pump

    Cooling

    • Central Air

    Appliances

    • Convection Oven

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Parking

    • Guest

    • Open

    Property

    • Exterior Features: Awning(s) / French Doors / Lighting / Rain Gutters / Storage

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 363115873900030031

    • Zoning: M

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • BB/HS Internet Available

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $13,587

  • Source details

    • MLS ID: TB8464657

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Fireplace Features: Decorative

    • Laundry Features: Outside

    • Lot Features: City Lot / Landscaped / Near Public Transit

    • Patio And Porch Features: Patio / Rear Porch

    • Window Features: Double Pane Windows / ENERGY STAR Qualified Windows

    • Fireplace: Yes

    • Living Area: 2871

    • Water Source: Public

    • Subdivision Name: SUNSET BEACH

Private inquiry
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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: GULFSIDE REALTY SALES