USAFLGulfportPasadena Gardens Gulfview Sec5505 16Th Ave S
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5505 16 Th Ave S, GULFPORT, FL

Real Estate

For Sale

Listed price in listed location currency (USD).
$550,000

330

MLS® TB8471888

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 1816 sqft
Garage No
Taxes $5,871
Days Active 3
Lot Size 0.13 acres
Approx. Age 1950
Avg. Price Per Sqft $302
MLS® Number TB8471888

Property Address: 5505 16th Ave S, GULFPORT, FL, 33707-4108

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberTB8471888
Laundry LevelOther
Central VacNo
FireplaceNo
Acreage0.13
Exterior
GarageNo
Approx. Age1950
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 3, 2026List Date
$550,000List Price
Sep 8, 2023End Date
$400,000Sold Price

Sold

Mar 21, 2023List Date
$400,000List Price
  • Commute

Commute

Starting Address
Destination Address
5505 16 Th Ave S, GULFPORT, FL

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