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    Vancleave Duplex: Investment Opportunity Title is generated by Realmo AI

    14921 Masterson Avenue, Vancleave, MS 39565

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    Claim this Listing
    For Sale
    $260,000

    MULTI_FAMILY - Vancleave, MS

    Property size:
    2,100 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $123/SF
    Added:
    Mar 23, 2026
    Days on Market:
    97
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 14921 Masterson Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2
    Standard status
    Active
    APN
    0-59-81-140.062
    Size
    2,100 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 18 BLK 10 MCCLELLAN S/D DB 1597-146 (353.01 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# 4143643 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 metal roof
    • Each unit offers 3 bedrooms and 2 baths
    • Public water and public sewer connected
    • Vinyl and tile flooring
    • Duplex is vacant and currently under renovation, with renovations expected to be fully completed this summer

    Overview

    This duplex is offered for sale as part of an eleven-duplex bundle, though it can be purchased individually or in partial bundles. Located in Vancleave, Jackson County, Mississippi, north of the interstate and outside of flood zones, the property is currently undergoing renovations, slated for completion this summer. Each unit features 3 bedrooms and 2 bathrooms. The property is currently vacant, with property management actively seeking tenants upon renovation completion. With a lot size of 0.14 acres and a property size of 2100 square feet, this presents an opportunity to build a portfolio in a growing area.

    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
    -88.859724
    Latitude
    30.482264

    FAQs

    What type of property is this?
    Duplex - Duplex in Vancleave, MS, being renovated, part of a bundle.
    Where is this duplex located?
    The property is located at 14921 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 metal roof; Each unit offers 3 bedrooms and 2 baths; Public water and public sewer connected
    More about this property
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