Duplex with Attached
For Sale
$262,500
1000 27th Street, Gulfport, MS 39501
Residential Income, Gulfport, MS
Property Size1,793 SF
Lot Size0.15 Acres
Price / SF$146.40
Days on Market93
Property Features for 1000 27th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Window features
Double Pane Windows, Window Treatments
Patio and Porch features
Patio, Porch
Appliances
Range
Subdivision
Broad Acres
Lot features
Corner Lot, Landscaped, Fenced, Rectangular Lot, Corner Lot, Landscaped, Fenced, Rectangular Lot
Standard status
Active
APN
0811a-01-014.000
Size
1,793 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 5 BLK 2 BROADACRES
Tax Annual Amount
1518
Legal Description
LOT 5 BLK 2 BROADACRES
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Wood
Roof type
Shingle
Listing Agency:
Keller Williams · Keller Williams Realty
(228) 275-7500
Listed By:
Nancy Stone · License #B22400
(228) 216-2333
Added: Jun 2
Changed: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# 4151377
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 duplex property provides 1,793 square feet of residential space within a cottage-style configuration that includes a main residence and attached suite. The additional living area can function as a private apartment or guest quarters. Interior improvements include custom cabinetry, quartzite countertops, new windows, ceramic tile, carpet, and wood flooring. A new shingle roof adds to the recent updates. The property was built in 1950 and includes two bathrooms and four bedrooms.
Set on a 0.15-acre corner lot in Gulfport, Mississippi, the property is described as being within walking or biking distance of the beach. Oak trees shade the outdoor setting, which includes a patio and porch. Public water and public sewer serve the property, and a range is included.
Set on a 0.15-acre corner lot in Gulfport, Mississippi, the property is described as being within walking or biking distance of the beach. Oak trees shade the outdoor setting, which includes a patio and porch. Public water and public sewer serve the property, and a range is included.
Key Highlights
- Duplex configuration with an attached suite
- 1,793 square feet on a 0.15‑acre corner lot
- Updated with custom cabinetry and quartzite countertops
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
$11,285
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
4.30%
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%
$225,700
$225.7K
Cap Rate 7%
$161,214
$161.2K
Cap Rate 9%
$125,389
$125.4K
Market Conditions
NOI Build-Up for 1,793 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
$17.4K $9.72/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$16.1K $8.99/SF
− OpEx
−$4.8K −$2.70/SF
NOI
$11.3K $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%
$225,700
Cap Rate 7%
$161,214
Cap Rate 9%
$125,389
Alternative Uses
Best Use
Multifamily LT 5
$161.2K
$141.1K – $188.1K
NOI $11,285 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$143.2K
$125.3K – $167.1K
NOI $10,027 @ 7.0% cap · market cap 3.82%
Theoretical Best
Healthcare Medical
$288.9K
$252.8K – $337.0K
NOI $20,220 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-residence layout with updated finishes, outdoor gathering areas, and public utilities.
Where is this duplex located?
The property is located at 1000 27th Street Gulfport, MS.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Duplex configuration with an attached suite; 1,793 square feet on a 0.15‑acre corner lot; Updated with custom cabinetry and quartzite countertops
