Furnished Residential | USM Gulf Park 522 E Railroad St 61 Apartment Units Online Auction Sale Long Beach, MS 39560

61 Rooms | Up to 106 Marketed Beds | Furnished | Pool and Common Areas | Near USM Gulf Park

Friendship Oak Village at 522 E Railroad Street offers buyers an operating furnished residential property with in-place revenue, substantial available capacity and a distinctive location directly across from The University of Southern Mississippi’s Gulf Park campus in Long Beach.

Originally adapted for residential use in 2019, the approximately 33,114-square-foot property contains 61 rooms with capacity for up to 106 marketed beds. Its existing furnishings, residential infrastructure, common areas and amenities provide an established operating platform from which a new owner can pursue additional occupancy, broaden resident outreach and improve operating performance.

The property’s flexible configuration supports a wider opportunity than traditional student housing alone. Potential resident groups include undergraduate and graduate students, visiting faculty, researchers, interns, medical residents, nurse residents, healthcare employees, workforce residents and other institutional or project-based users. This range of potential users gives a buyer several ways to position and operate the property rather than depending exclusively on one resident group or academic leasing cycle.

USM Gulf Park is the property’s most immediate demand anchor. Its location directly across from the campus provides convenient access for university-affiliated residents and creates a clear foundation for focused campus outreach.

The broader Gulf Coast healthcare sector provides another potential source of furnished-housing demand. Memorial Health System in nearby Gulfport reports 54 medical residents, including 20 new residents welcomed in 2026, and recently launched a year-long nurse residency program. These programs may create additional housing opportunities among medical residents, nurses, visiting healthcare professionals and hospital employees.

The property includes furnished rooms, shared lounges and study areas, a community kitchen, on-site laundry, high-speed internet, included utilities, controlled access, gated surface parking, a swimming pool and outdoor gathering areas. These existing features allow an incoming owner to concentrate on leasing, resident outreach and operational execution rather than creating a residential platform from the ground up.

Friendship Oak Village also benefits from its accessible coastal setting near US Highway 90, downtown Long Beach, the public beach, Long Beach Harbor, restaurants and daily services. Grocery, pharmacy, fitness, banking and healthcare services are all located nearby.

The offering combines current operations, furnished residential infrastructure, available capacity and multiple potential resident channels in a campus-adjacent Gulf Coast location. Prospective buyers are encouraged to review the current rent roll, financial information, floor plans, property-condition materials, title documents, third-party reports and purchase agreement available through the Ten-X data room.

Property tours are available by appointment through the listing brokers.