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About This Home

This 9-bedroom, 4-bathroom residential multi family at 1602 E Railroad Street in Gulfport, MS is listed for $299,900 ($99 per sqft). Built in 1940, the home offers 3,030 sqft of living space on a 0.28 acres lot.

Agent Description

Investors and owner-occupants take notice - this expansive corner-lot property in the heart of Gulfport's coastal corridor offers serious multi-unit income potential in a location that practically sells itself. Just a short walk to the Mississippi Gulf Coast beaches, downtown, the harbor, restaurants, and scenic walking and biking paths, demand for rental units here is built right into the address.

The main level functions as a spacious primary residence featuring a bright sitting room, large kitchen with adjacent dining area, generous family room, six bedrooms, two full bathrooms, and a dedicated laundry room - comfortably configured for owner occupancy or as a standalone rental unit.

The real income play is upstairs. A partially completed apartment awaits your finishing touches, already roughed in with electrical, plumbing, and HVAC work done - the heavy lifting is behind you. Complete it as a 1- or 2-bedroom unit and put it to work as a long-term rental, short-term/vacation rental, or Airbnb in this high-demand coastal market.

And there's more - the mostly finished attic space presents a compelling opportunity for a third unit, potentially configured as an efficiency apartment. Three units. One property. One mortgage. Additional highlights include a metal roof installed less than three years ago, an above-ground pool with new liner, a pool house, partial privacy fence, and a beautiful mature pecan tree.

A generous supply of building materials conveys with the sale to help you finish strong. With approximately 6,400 square feet of potential living space, a proven rental market steps from the beach, and the groundwork already laid, this property is ready for an investor with vision. Live in one unit, rent the others, and let the Coast go to work for you. Sold As-Is / Where-Is. Buyer to verify all information and perform due diligence.

Key Features

  • Built in 1940
  • 0.28 acre lot
  • 2 stories
  • Waterfront

Property Details

2 stories
4 full
1940

Amenities

Waterfront

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$87

Estimates only. Actual payments may vary.

Location

1602 E Railroad Street

Gulfport, MS 39501

Soria City

Property Details

Flooring

VinylTileCarpet

Pool Features

PorchDeckPatio

Questions & Answers

This 9-bedroom, 4-bathroom residential multi family at 1602 E Railroad Street is listed at $299,900 ($99/sqft). The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.

Key features include: Built in 1940, 0.28 acre lot, 2 stories, Waterfront.

This property is listed by Philip J Leblanc and can be reached at 2288600082 or pleblanc.realtor@gmail.com.

PL

Philip J Leblanc

Agent at Coldwell Banker Alfonso Realty-Lorraine Rd

(228) 860-0082

Listed by Coldwell Banker Alfonso Realty-Lorraine Rd · View on Broker Site

MLS# 4147774· Source: listhub· Updated 32 days ago

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1602 E Railroad Street, Gulfport, MS 39501

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