Multifamily Housing Bundle with 12
1226 43rd Avenue Gulfport, MS 39501
1226 43rd Avenue, Gulfport, MS, 39501
$660,000
For Sale
$660,000
MULTI_FAMILY - Gulfport, MS
Property Size8,034 SF
Lot Size0.89 Acres
Price / SF$82.15
Days on Market9
Property Features for 1226 43rd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Bathrooms
- 12
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 11, Bedroom 8, Bathroom 1, Bedroom 7, Bathroom 7, Bedroom 12, Bathroom 12, Bathroom 2, Bathroom 9, Bedroom 9, Bathroom 10, Bedroom 3, Bedroom 15, Bathroom 5, Bedroom 1, Bathroom 8, Bedroom 14, Bedroom 13, Bedroom 10, Bedroom 6, Bedroom 16, Bathroom 6, Bathroom 4, Bathroom 11, Bathroom 3, Bedroom 5
- Pets allowed
- Cats OK, Dogs OK
- Standard status
- Active
- APN
- 0711j-01-017.000
- Size
- 8,034 SF
- Lot size
- 0.89 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 3 Different parcels included in sale. See documents for all legal descriptions.
- Tax Annual Amount
- 4723
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 12
- Flooring type
- Tile - Ceramic
- Roof type
- Shingle
Listing Agency
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 287-1000
9153 Lorraine Rd, Gulfport, MS
Listed by
Sam Ford · License #B4936
(228) 424-8202
Added: Jul 9 Checked: Jul 17 at 9:06 am
MLS# 4155237
Listing URL
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This listing offers a 12-unit multifamily bundle on a single street, comprising one 7-plex, two duplexes, and one house. The property includes approximately 0.89 acres and 8,034 square feet, with current reported rent of $6,640 and an owner-reported potential of $9,070 when fully rented; please verify this information independently for the most current figures.
The owner states the property is not located in a flood zone. The asset is in west Gulfport near Memorial Hospital and is described as being near Broad Avenue and 15th Street, an area primarily associated with medical uses and new clinics. Island View and Beach View Casinos and the Gulfport CBD, along with beaches, are described as within 3 miles.
Sale is preferred as a complete package of the 12 units together.
The owner states the property is not located in a flood zone. The asset is in west Gulfport near Memorial Hospital and is described as being near Broad Avenue and 15th Street, an area primarily associated with medical uses and new clinics. Island View and Beach View Casinos and the Gulfport CBD, along with beaches, are described as within 3 miles.
Sale is preferred as a complete package of the 12 units together.
Key Highlights
- 12‑property bundle on the same street: a 7‑plex, 2 duplexes, and one house (owner prefers selling all together).
- Current rent of $6,640 with potential to $9,070 when fully rented (independently verified info needed).
- Year built 1965.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.7k | $11.04 |
| − Vacancy | −$7.0k | −$0.87 |
| EGI | $81.7k | $10.17 |
| − OpEx | −$36.8k | −$4.58 |
| NOI | $44.9k | $5.59 |
8,034 SF · lease $11.04/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$641.8K
$561.6K – $748.8K
NOI $44,929 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,599 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Owner prefers sale of 12-unit bundle with a 7-plex, two duplexes, and one house on one street.
Where is this apartment building located?
The property is located at 1226 43rd Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 12‑property bundle on the same street: a 7‑plex, 2 duplexes, and one house (owner prefers selling all together).; Current rent of $6,640 with potential to $9,070 when fully rented (independently verified info needed).; Year built 1965.
