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Cae Coe 3101 Beach Blvd S 5 Unit Apartment Building $1,475,000 ($295,000/Unit) Gulfport, FL 33707
Investment Highlights
- Recently renovated five-unit property featuring updated kitchens, bathrooms, and modern finishes.
- Surrounded by art galleries, waterfront dining, and boutique retail in Gulfport’s nationally recognized arts district.
- Includes on-site parking, tropical landscaping, and well-maintained exterior features for guest convenience.
- Steps from Gulfport Beach and Boca Ciega Bay, providing immediate coastal access.
- Minutes from St. Pete Beach and Downtown St. Petersburg, with convenient access to Tampa Bay attractions.
Executive Summary
Positioned in the vibrant waterfront district of Gulfport, Florida, this fully renovated 5-unit commercial property offers a rare investment opportunity in a sought-after coastal destination. Located steps from Gulfport Beach and Boca Ciega Bay, the property capitalizes on steady vacation rental demand by providing units designed to meet the expectations of today’s travelers. Each turnkey unit features updated kitchens and bathrooms, open floorplans, luxury vinyl plank flooring, and contemporary finishes that elevate guest experience. The exterior complements the interiors with appealing landscaping, ample on-site parking, and durable construction.
Guests are immersed in a walkable neighborhood filled with boutique shopping, art galleries, waterfront dining, and year-round cultural events. The Historic Gulfport Casino Ballroom, Tuesday Fresh Market, and nearby nature preserves enhance the area’s draw. Minutes from St. Pete Beach, Downtown St. Petersburg, and other Tampa Bay hubs, the property offers easy access to regional attractions while providing a charming, Old Florida backdrop. For investors, this asset represents a strong upside in short-term rental strategies, underpinned by its proximity to the Gulf Coast tourism market and Gulfport’s vibrant community atmosphere.
Guests are immersed in a walkable neighborhood filled with boutique shopping, art galleries, waterfront dining, and year-round cultural events. The Historic Gulfport Casino Ballroom, Tuesday Fresh Market, and nearby nature preserves enhance the area’s draw. Minutes from St. Pete Beach, Downtown St. Petersburg, and other Tampa Bay hubs, the property offers easy access to regional attractions while providing a charming, Old Florida backdrop. For investors, this asset represents a strong upside in short-term rental strategies, underpinned by its proximity to the Gulf Coast tourism market and Gulfport’s vibrant community atmosphere.
Property Facts
| Price | $1,475,000 | Building Class | C |
| Price Per Unit | $295,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,634 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1958/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 2.71/1,000 SF |
| Zoning | CG - Allow for a variety of retail stores, offices, and support services in a primarily auto-oriented environment. | ||
| Price | $1,475,000 |
| Price Per Unit | $295,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,634 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2025 |
| Parking Ratio | 2.71/1,000 SF |
| Zoning | CG - Allow for a variety of retail stores, offices, and support services in a primarily auto-oriented environment. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 422 |
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 33-31-16-09612-010-0010 | Improvements Assessment | $305,688 |
| Land Assessment | $394,312 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
33-31-16-09612-010-0010
Land Assessment
$394,312
Improvements Assessment
$305,688
Total Assessment
$700,000
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Cae Coe | 3101 Beach Blvd S