Gulfport Multifamily Investment
903 Parkview Place lot A & B Gulfport, MS 39507
903 Parkview Place lot A & B, Gulfport, MS, 39507
$178,200
For Sale
$178,200
MULTI_FAMILY - Gulfport, MS
Property Size2,142 SF
Lot Size0.19 Acres
Price / SF$83.19
Days on Market263
Property Features for 903 Parkview Place lot A & B
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 2
- Appliances
- Range
- Standard status
- Active
- APN
- 1010g-01-015.005
- Size
- 2,142 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 5 SWITZER PLACE SUBD
- Tax Annual Amount
- 2660
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
Listing Agency
RE/MAX Choice Properties
(228) 896-3033
520 E Pass Rd., Suite N, Gulfport, MS
Listed by
Terry C Medley · License #B21384
(228) 229-6954
Added: Oct 27, 2025 Checked: Jul 16 at 9:06 pm
MLS# 4129833
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 multifamily property, located in Gulfport, MS, presents an investment opportunity. Each side of the duplex features a 3-bedroom, 2-bathroom layout. One side is currently rented for $975 per month on a month-to-month lease. The other side is vacant and requires some improvements. The property is being sold as-is. The lot size is 0.19 acres and the property size is 2142 square feet. This property is part of a larger package deal.
Key Highlights
- Duplex setup with 3BR/2BA on each side—one unit rented month‑to‑month for $975/mo, the other side vacant
- Sold as‑is; vacant side is in need of TLC
- Year built 2006
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 | $20.8k | $9.72 |
| − Vacancy | −$1.6k | −$0.73 |
| EGI | $19.3k | $8.99 |
| − OpEx | −$5.8k | −$2.70 |
| NOI | $13.5k | $6.29 |
2,142 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.6K
$168.5K – $224.7K
NOI $13,481 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.7K
NOI $11,979 @ 7.0% cap · market cap 6.72%
Theoretical Best
Healthcare Medical
$345.1K
$301.9K – $402.6K
NOI $24,155 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property in Gulfport, MS with investment potential.
Where is this duplex located?
The property is located at 903 Parkview Place lot A & B Gulfport, MS.
What is the asking price?
The asking price for this property is $178,200.
What are key features of this property?
This property features: Duplex setup with 3BR/2BA on each side—one unit rented month‑to‑month for $975/mo, the other side vacant; Sold as‑is; vacant side is in need of TLC; Year built 2006
