About This Home

This 5-bedroom, 2-bathroom multi-family at 5401 21ST Avenue S in Gulfport, FL is listed for $450,000 ($295 per sqft). Built in 1945, the home offers 1,528 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1945
  • 0.22 acre lot

Property Details

2 full
2-car garage
1945

Amenities

A/C
Listing Description

Welcome to this charming and unique income-producing property situated on a HUGE oversized lot of nearly 1/4 acre, just minutes from the vibrant heart of Downtown Gulfport! Offering an incredible combination of character, versatility, outdoor space, and investment potential, this property presents an exciting opportunity for both investors and owner-occupants alike.

The property features a quaint 3-bedroom, 1-bath main cottage, along with a separate 2-bedroom, 1-bath apartment located above the spacious 2-car garage. Adding even more convenience and appeal for investors, the two residences are separately metered for BOTH WATER AND ELECTRIC, allowing for easier management of utilities and added flexibility for rental arrangements.

The property also features a ROOF FROM 2018, and AC units from 2021 and 2025, providing another valuable improvement for future owners. This flexible setup offers multiple possibilities-live in the main home while generating additional income from the apartment, create a comfortable space for extended family or guests, or take advantage of both residences as an income-producing investment.

Outside is where this property truly shines. The expansive, fully fenced backyard offers an incredible amount of space rarely found this close to Downtown Gulfport. A large covered patio creates the perfect setting for outdoor dining, entertaining, weekend gatherings, or simply relaxing and enjoying the Florida lifestyle.

And for an extra touch of fun, the backyard even features your very own private PUTTING GREEN! For investors and buyers with a vision, the property offers tremendous value-add potential. With some thoughtful cosmetic updates and improvements, there is an excellent opportunity to enhance both the appeal and overall value of the property while maximizing its income-producing potential.

Enjoy the charm and laid-back lifestyle Gulfport is known for, with Downtown Gulfport's eclectic restaurants, local shops, art galleries, entertainment, waterfront district, and community events just minutes away. Whether you're searching for your next investment, looking to offset your mortgage with rental income, or dreaming of a property with room for multiple generations, this versatile property offers endless possibilities.

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

5401 21ST Avenue S

Gulfport, FL 33707

PASADENA GARDENS GULFVIEW SEC

Features & Amenities

Interior Features

Ceiling Fans(s)

Exterior Features

FenceLightingSidewalk

Property Details

Construction

Frame

Heating

Ductless (Heating)Central

Cooling

Central AirWall/Window Unit(s)Window Unit(s)

Questions & Answers

This 5-bedroom, 2-bathroom multi-family at 5401 21ST Avenue S is listed at $450,000 ($295/sqft). The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1945, 0.22 acre lot. Interior Features: Ceiling Fans(s). Exterior Features: Fence, Lighting, Sidewalk.

This property is listed by ALEXIS Selby.

AS

ALEXIS Selby

Agent at Investment Florida Realty LLC

Listed by Investment Florida Realty LLC · Broker phone: (727) 940-5911 · View on Broker Site

MLS# W7889437· Source: Stellar MLS· 58 days on PropertySimple

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

5401 21ST Avenue S, Gulfport, FL 33707

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