About This Home

This 19-bedroom, 16-bathroom residential multi family at 511 32nd Street in Gulfport, MS is listed for $699,900 ($68 per sqft). Built in 1965, the home offers 10,276 sqft of living space on a 0.33 acres lot.

Key Features

  • Built in 1965
  • 0.33 acre lot
  • 2 stories

Property Details

2 stories
16 full
1965

Amenities

A/C
Listing Description

Looking to expand your investment portfolio? This 15-unit income-producing property is centrally located with convenient access to downtown Gulfport and the Gulfport business district, making it an attractive rental option for tenants seeking proximity to work, entertainment, and coastal amenities.

The property is ideally situated near major employers and destinations including the Gulfport-Biloxi International Airport, Mississippi Air National Guard, Port of Gulfport, Island View Casino Resort, Jones Park, Gulfport Small Craft Harbor, and the Mississippi Aquarium.

Its central location along the Mississippi Gulf Coast provides strong rental demand potential and convenient access to shopping, dining, recreation, and major transportation routes. The complex consists of 3 two-bedroom/one-bath units, 1 two-bedroom/two-bath unit, and 11 one-bedroom/one-bath units, providing a desirable unit mix for a variety of tenants.

Recent exterior improvements include new soffit and fascia, painted, vinyl siding, exterior lighting, and new upstairs railings, enhancing both durability and curb appeal. Inside, several downstairs units have been updated with new sheetrock, appliances, paint, fixtures, shower/tubs, cabinets, vanities, and sinks.

Additional upgrades include four new mini-split systems and one new conventional HVAC unit. Upstairs several units have also been refreshed, receiving new paint and repairs as needed. Don't miss this opportunity to own a well-located multi-family investment property with recent improvements and strong income potential.

Monthly Cost Estimate

$3,743/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

511 32nd Street

Gulfport, MS 39507

Magnolia Grove

Features & Amenities

Exterior Features

Lighting

Property Details

Flooring

CombinationTile - CeramicLaminate

Heating

CentralDuctless (Heating)Electric (Heating)

Cooling

Central AirCeiling Fan(s)DuctlessWall/Window Unit(s)Window Unit(s)Electric

Appliances

CooktopRefrigeratorElectric OvenFree-Standing Electric RangeWater Heater

Questions & Answers

This 19-bedroom, 16-bathroom residential multi family at 511 32nd Street is listed at $699,900 ($68/sqft). The estimated monthly payment is $3,743 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 0.33 acre lot, 2 stories. Exterior Features: Lighting.

This property is listed by Monique C Ward.

MW

Monique C Ward

License B21551

Agent at A&W Associates Inc.

Listed by A&W Associates Inc. · Broker phone: (228) 617-2332 · View on Broker Site · Broker website

MLS# 4141295· Source: MLS United· 239 days on PropertySimple

Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

511 32nd Street, Gulfport, MS 39507

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