Vacant Two-Unit
For Sale
$81,000
2013 32nd Avenue, Gulfport, MS 39501
Residential, Gulfport, MS
Property Size1,000 SF
Lot Size0.09 Acres
Price / SF$81
Days on Market284
Property Features for 2013 32nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Parking
2
Subdivision
Gulfport City
Directions
GPS will locate it.
Standard status
Active
APN
0811e-04-051.006
Size
1,000 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 6 BLK 93 ORIGINAL GULFPORT SEC 4-8-11
Tax Annual Amount
1053
Legal Description
LOT 6 BLK 93 ORIGINAL GULFPORT SEC 4-8-11
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Carpet, Linoleum
Roof type
Shingle
Listing Agency:
RE/MAX Choice Properties · RE/MAX International
(228) 896-3033
Listed By:
Terry C Medley · License #B21384
(228) 229-6954
Added: Nov 19, 2025
Changed: Aug 29
Last Checked: Aug 30 at 10:06PM
MLS# 4132137
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 Gulfport duplex contains two separate residences, each configured with three bedrooms and two bathrooms. The property was built in 2006 and is being offered in as-is condition, with both sides currently vacant. Interior finishes include linoleum and carpet, while the building has a shingle roof. The 0.09-acre parcel is served by public water and public sewer.
Located at 2013 32nd Avenue in Gulfport, the property offers a two-unit residential configuration with both dwellings available together. The existing room layout includes three bedrooms and two bathrooms on each side, providing a consistent setup across the duplex. The vacant status allows the next owner to evaluate the improvements and determine the appropriate scope of work.
Located at 2013 32nd Avenue in Gulfport, the property offers a two-unit residential configuration with both dwellings available together. The existing room layout includes three bedrooms and two bathrooms on each side, providing a consistent setup across the duplex. The vacant status allows the next owner to evaluate the improvements and determine the appropriate scope of work.
Key Highlights
- Duplex with two separate residences, each offering 3 bedrooms and 2 bathrooms
- Both sides vacant and offered together in as‑is condition
- Built in 2006 with a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,294
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$125,880
$125.9K
Cap Rate 7%
$89,914
$89.9K
Cap Rate 9%
$69,933
$69.9K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$9.7K $9.72/SF
− Vacancy
−$729 −$0.73/SF
EGI
$9.0K $8.99/SF
− OpEx
−$2.7K −$2.70/SF
NOI
$6.3K $6.29/SF
Area
Harrison County, MS
Vacancy
7.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$125,880
Cap Rate 7%
$89,914
Cap Rate 9%
$69,933
Alternative Uses
Best Use
Multifamily LT 5
$89.9K
$78.7K – $104.9K
NOI $6,294 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$79.9K
$69.9K – $93.2K
NOI $5,592 @ 7.0% cap · market cap 6.90%
Theoretical Best
Healthcare Medical
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are offered together in as-is condition with public water and sewer.
Where is this duplex located?
The property is located at 2013 32nd Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $81,000.
What are key features of this property?
This property features: Duplex with two separate residences, each offering 3 bedrooms and 2 bathrooms; Both sides vacant and offered together in as‑is condition; Built in 2006 with a shingle roof
