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Stephen McGonagle
Full Service Real Estate
Broker Associate
(716) 471-4272
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$450,000

5401 21st Avenue S Gulfport, FL 33707 Multi Unit - Multiple Active

  • 5401 21st Avenue S, Gulfport, FL 33707 Main Photo

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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.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Garage: 2 car attached
Heating: Central, Ductless
Lot Size: 0.22 Acres
Roof Type: Shingle
Taxes: $6,559
Year Built: 1945

General Information

Bedrooms: 5
Sqft: 1,528
County: Pinellas
Subdivision: PASADENA GARDENS GULFVIEW
Listed By:
ALEXIS Selby INVESTMENT FLORIDA REALTY LLC 727-940-5909

Amenities

Ceiling Fans(s)
Fence
Lighting
Sidewalk

Property Features

Annual Net Income: 27000.00
Days on Site: 1
Directions: Gulfport Blvd. S. (22nd Ave. S.) to 56th St., north to address on the left.
Exterior: Frame
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.22
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected
Water: Public
Water Access Y/N: No
$450,000
5beds
1,528sqft
2cars
New to the Market Active
BEDS5 BATHS SQUARE FEET1,528 MLS#W7889437
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPASADENA GARDENS GULFVIEW

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5401 21st Avenue S, Gulfport, FL 33707.

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Estimated Payment

$ 2,195.61 per month $1,517.77 Principal & Interest $546.58 Property Tax $131.25 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/12/2026. The listing information on this page last changed on 09/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 09/12/2026 12:00:17 AM EST) or Stellar MLS (last updated Fri 09/11/2026 11:55:01 PM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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