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1450 E Gibson St
For Sale $4,900,000 ($196.10 per Sq Ft)
$4,900,000 ($196.10 per Sq Ft)
- 34 Units
- 24,987 Sq Ft
- 145,926 Sq Ft
- Unknown Cap Rate
Description
Welcome to Gibson Street Apartments, a 34-unit multifamily community located at 1450 East Gibson Street. This income-producing property features 7 solid block buildings, each built on slab foundations and recently updated with new roofs. Most units have been renovated, and every unit includes a refrigerator, microwave, and stove. All utilities are individually metered, including electric and water, and the property is connected to city water and sewer. A common-area laundry room is located on-site, though it is not currently in active use. This is a well-positioned opportunity for investors seeking stable income with strong value-add by activating the laundry room and upgrading the remaining classic units. The location offers strong rental appeal with key amenities just minutes away. Within one mile, you’ll find DeSoto County Hospital, DeSoto County High School, and the South Florida State College campus, making this an ideal setting for long-term tenants, students, and local workforce housing.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,900,000 |
| Property Type | Multi-Family |
| Usable Sqft | 24,987 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1983 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 313725001680300010 |
| MLS # | C7518538 |
| Property ID | 315140861 |
| Lot Sqft | 145,926 |
| Zoning | R-4 |
| Total Units | 34 |
| Days on Market | 44 |
| Original List Price | $4,900,000 |
| Applicances | Microwave, Range, Refrigerator% |
| Date Updated | December 21, 2025 |
| Date Created | December 03, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Savannah Zarris an agent of RE/MAX HARBOR REALTY.
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 21, 2025 The information being provided is 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.
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Robert Crawford
REAL ESTATE AGENT