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Closed - Multi Family
5427 31st Avenue South, Gulfport, FL
Facts & features
Why you’ll love it
This property has been sold with Beycome on October 7, 2019.
- Waterfront
- New roof
An income property dream come true: and a RARE opportunity to own an ever appreciating investment in the very heart of the much sought-after Waterfront Arts District in Gulfport! Nestled on a quaint brick street, a block away from the iconic Gulfport Casino and the Pier, restaurants, shops and entertainment, overlooking the dreamy anchorage of Boca Ciega Bay, this Four Plex : 4 One bedroom - One bathroom property is ready for its new owner. Solid concrete block construction on oversized 140’ lot in the heart of the Art District, updated with hurricane compliant doors and windows, new roof (5/19), new luxury vinyl plank floors (6/19), all new kitchens and bathrooms (7/19), outfitted with all new fixtures and appliances. Each of the Four (4) units is on a separate electric and water meter, has its own driveway with a carport, and a sizable backyard. All units share a laundry and a storage room, with a private backyard access. The lucky new owner of this income producing property can tailor the rent of the units as they please: 30 day vacation rental ($900/week in peak season); month to month or an yearly lease, and any length under 30 days 3 times/year (AirBnB). Units-wise, the possibilities abound : full rental income from all 4 units, live in one and rent the other 3; convert 2 of the units in a 3bed/2 bath single residence, and rent the other 2. All the while retaining ownership of a property in the heart of the Art District, and a block away from the most magical sunsets in the world. LOCATION x 4 + INCOME x4 at a bargain price ($160K /per turn key unit). Walk to open fresh markets, arts and crafts fairs, beach volleyball, restaurants, water sports, dancing, live music, theatre: pick your favorite! The charming and thriving downtown Gulfport is your playground.
Listed by: Steven Koleno • (804) 656-5007 • BEYCOME OF FLORIDA LLC
Co-listed by: BEYCOME OF FLORIDA LLC
Source: Beycome, MLS#: 1556207
Based on information as of Sep 02, 2026 at 02:15pm EDT.
Affordability
$3,084/mo
- Mortgage$3,084
- Property tax$0
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
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Travel times
About Gulfport
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone AE
In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.
More details
Base flood elevation: 10 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright Beycome ©2026. Based on information as of Sep 02, 2026 at 02:15pm EDT.
