Oakleigh Apartments

801 Oakleigh Ave, Gulfport, MS 39507

Property Information

  • For Sale $2,300,000
  • Property Type Multi-Family
  • Property Size 23,618 SF
  • Units 24
  • Lot Size 0.65 Acre
  • Year Built 2007
  • Date Updated May 21, 2026

Description

As one of the Mississippi Gulf Coast’s largest and most economically diverse cities, Gulfport offers investors a strong balance of affordability, employment stability, and coastal lifestyle appeal. The city serves as a regional hub anchored by the Port of Gulfport, Ingalls Shipbuilding, Memorial Health System, and Keesler Air Force Base, providing steady workforce demand and housing needs. Supported by ongoing investment in port facilities, healthcare, and commercial development, Gulfport continues to attract new residents while maintaining consistent occupancy and rent growth across its multifamily sector. Its blend of accessibility, economic resilience, and coastal character make it a reliable market for long-term investor performance. Location & Market Highlights include: Gulfport serves as the economic center of the Mississippi Gulf Coast. The area benefits from stable employment across key industries including port operations, healthcare, education, and tourism. Ongoing investment continues to enhance the downtown waterfront and surrounding neighborhoods. Residents enjoy proximity to beaches, major retailers, dining, and entertainment. The market’s affordability and coastal setting support steady renter demand.Oakleigh Apartments in Gulfport, MS presents a strong multifamily investment opportunity. The property offers a mix of 2- and three-bedroom units with a location just minutes from the beach and downtown Gulfport. Residents also benefit from nearby shopping, dining, schools, and healthcare services, enhancing long-term renter appeal. With steady population growth and limited apartment supply in the submarket, Oakleigh Apartments is positioned to maintain stable occupancy and deliver consistent returns.

Highlights

  • 24 Units | 23,618 Rentable ft²
  • Anticipated cash-on-cash just above 6.6% and IRR exceeding 15.8% at the ask price of $2.3M.
  • Built in 2007 with High Quality Materials including mostly brick building exteriors and concrete parking areas
  • Expense-adjusted T-3 cap rate of 6.97% at the ask price of $2.3M, with a projected Year 1 cap rate of 7.31%, offering immediate positive leverage under new ownership.
  • Has maintained a 100% occupancy for the past twelve months.
  • Ideal Gulfport location

Contacts

Jason Hyde

SVN | AVAT Realty

Location

Contact Listing Broker
Jason Hyde

SVN | AVAT Realty

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.