For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vancleave Duplex: Investment Opportunity Title is generated by Realmo AI

    14917 Masterson Avenue, Vancleave, MS 39565

    View on Map
    Claim this Listing
    For Sale
    $260,000

    MULTI_FAMILY - Vancleave, MS

    Property size:
    2,100 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $123/SF
    Added:
    Mar 23, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 27 at 3:06 pm

    Property Features for 14917 Masterson Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4
    Standard status
    Active
    APN
    0-59-81-140.059
    Size
    2,100 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 16 BLK 10 MCCLELLAN S/D DB 1597-146 (352.01 MAP697.35)
    Tax Annual Amount
    2275

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Roof type
    Metal

    We can help!

    Contact an agent
    Justin Britt
    Justin Britt

    Listing agent Justin Britt License #S52358

    Listing office Epique 520 E Pass Rd Ste L, Hattiesburg, MS

    Listing date Mar 23, 2026

    MLS# 4143641 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.

    HighLights

    • Duplex built in 2008 with 3 bedrooms and 2 bathrooms per unit
    • Each duplex in an 11‑duplex bundle can be purchased individually or as the full bundle (MLS bundle includes 4143634–4143644, excluding 4143641)
    • Property and units are currently vacant and being renovated, with renovations expected to be fully completed this summer
    • Public utilities: public water and public sewer
    • Metal roof with vinyl and tile flooring

    Overview

    This duplex is being offered for sale as part of an 11-duplex bundle. The duplexes can be purchased individually, as an entire bundle, or in partial bundles. Each duplex is currently under renovation and is expected to be fully completed this summer. The property manager is working towards leasing the units out upon completion of the renovations. This presents an opportunity to build a portfolio in a growing area of Jackson County, north of the interstate and away from flood zones. Each unit features 3 bedrooms and 2 baths. The property is situated on a lot of approximately 0.13 acres and the building size is 2100 square feet. The property is located in Vancleave, MS.

    Local Financial Insights For Multifamily LT 5

    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 $22.4k $10.68
    − Vacancy −$1.6k −$0.78
    EGI $20.8k $9.90
    − OpEx −$6.2k −$2.97
    NOI $14.6k $6.93
    2,100 SF · lease $10.68/SF/yr · vacancy 7.31% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $207.9K
    $181.9K – $242.5K (±1% cap)
    NOI $14,552 @ 7.0% cap · market cap 5.60%
    Second Best
    Apartment 5plus
    $180.9K
    $158.3K – $211.1K (±1% cap)
    NOI $12,665 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $573.7K
    $502.0K – $669.3K (±1% cap)
    NOI $40,159 @ 7.0% cap · market cap 15.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Vancleave
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.859839
    Latitude
    30.482471

    FAQs

    What type of property is this?
    Duplex - Duplex in growing area, renovated, ready for leasing.
    Where is this duplex located?
    The property is located at 14917 Masterson Avenue Vancleave, MS.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Duplex built in 2008 with 3 bedrooms and 2 bathrooms per unit; Each duplex in an 11‑duplex bundle can be purchased individually or as the full bundle (MLS bundle includes 4143634–4143644, excluding 4143641); Property and units are currently vacant and being renovated, with renovations expected to be fully completed this summer
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message