Student Housing | USM Gulf Park Campus 522 E Railroad St 61 Apartment Units Online Auction Sale Long Beach, MS 39560

Friendship Oak Village at 522 E Railroad Street presents a value-add multifamily student housing opportunity located immediately adjacent to The University of Southern Mississippi’s Gulf Park Campus in Long Beach, Mississippi.

Originally converted from a warehouse and office property into student housing in 2019, the asset comprises approximately 61 rooms, with the potential to accommodate up to 106 beds. Currently operating at roughly 50% occupancy, the property yields in-place income while providing meaningful upside through lease-up of remaining vacancy. The current performance creates a straightforward opportunity to stabilize operations by increasing occupancy and improving overall asset performance, a common strategy within the student housing sector where demand is closely tied to the academic calendar and leasing cycles.

The potential to reposition the asset through targeted improvements and rental rate adjustments further supports the investment profile. As currently configured, the property offers a competitive amenity package, including furnished two-bed units, shared lounge and study areas, a full kitchen, on-site laundry, high-speed internet, included utilities, and controlled access features such as gated parking and on-site security. Additional amenities such as a pool and outdoor gathering areas enhance its appeal to student tenants.

The Gulf Park Campus serves a smaller, more localized student population of over 2,500 students, offering a defined but consistent renter base, with potential to capture demand from both the immediate campus and the wider university network. Universities often function as long-term demand drivers in their markets, supporting rental housing needs year after year.

Along the Mississippi Gulf Coast near US Highway 90, the property benefits from a highly accessible coastal location and walkable proximity to campus, offering a compelling setting for off-campus student living. The nearby university environment provides a steady source of demand, as student housing is typically supported by recurring enrollment and a consistent need for off-campus accommodations.

Friendship Oak Village delivers a balanced investment opportunity with existing cash flow and clear upside from lease-up and operational improvements, positioning the asset as a value-add play within a stable, specialized segment of the multifamily market.

Property tours are by appointment only. Please contact the listing broker to schedule.