Fully Renovated Duplex
12002 Highland Avenue Gulfport, MS 39503
12002 Highland Avenue, Gulfport, MS, 39503
$199,900
For Sale
$199,900
MULTI_FAMILY - Gulfport, MS
Property Size2,095 SF
Lot Size0.11 Acres
Price / SF$95.42
Days on Market52
Property Features for 12002 Highland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5
- Parking
- 2
- Window features
- Double Pane Windows, Window Treatments, Aluminum Frames
- Patio and Porch features
- Porch
- Pets allowed
- Cats OK, Dogs OK
- Appliances
- Range
- Standard status
- Active
- APN
- 0908e-02-004.110
- Size
- 2,095 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 110 MEADOWS OF GULFPORT PH 1 SEC 2-7-11
- Tax Annual Amount
- 2365
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2010
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Roof type
- Shingle
Listing Agency
Coldwell Banker Smith Home Rltrs-Gautier
(228) 497-1800
2000 Hwy 90, Gautier, MS
Listed by
Twila A Peterson · License #B15078
(228) 218-0616
Added: May 26 Checked: Jul 16 at 6:06 pm
MLS# 4150581
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 fully renovated duplex offers two identical 3-bedroom, 2-bath units with open-concept living and kitchen layouts. Each unit includes a range, microwave, dishwasher, and refrigerator, and provides stackable washer and dryer hookups. Both units have been updated with fresh interior and exterior paint, new or recently serviced flooring, appliances, and HVAC.
The property is located at 12002 Highland Avenue in Gulfport, Mississippi. The seller notes the duplex is close to shopping, entertainment, and dining.
With both units rented and under lease, the property is suited for investors looking for a maintained duplex setup with each unit configured for comfortable day-to-day living. Showings require 24 hours’ notice out of respect for existing tenants, and the seller indicates the upstairs unit includes a balcony in addition to the base floor plan.
The property is located at 12002 Highland Avenue in Gulfport, Mississippi. The seller notes the duplex is close to shopping, entertainment, and dining.
With both units rented and under lease, the property is suited for investors looking for a maintained duplex setup with each unit configured for comfortable day-to-day living. Showings require 24 hours’ notice out of respect for existing tenants, and the seller indicates the upstairs unit includes a balcony in addition to the base floor plan.
Key Highlights
- Year built 2010 with shingle roof and public water plus public sewer
- Two‑unit setup; each unit is a 3‑bedroom, 2‑bath floor plan with open‑concept kitchen overlooking the living area
- Upstairs unit includes a balcony; same floor plan as the downstairs unit
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 | $20.4k | $9.72 |
| − Vacancy | −$1.5k | −$0.73 |
| EGI | $18.8k | $8.99 |
| − OpEx | −$5.7k | −$2.70 |
| NOI | $13.2k | $6.29 |
2,095 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,185 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.3K
NOI $11,716 @ 7.0% cap · market cap 5.86%
Theoretical Best
Healthcare Medical
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 11.82%
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 - Renovated 3-bedroom, 2-bath duplex with in-unit appliances and HVAC, fully updated and both units currently leased.
Where is this duplex located?
The property is located at 12002 Highland Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Year built 2010 with shingle roof and public water plus public sewer; Two‑unit setup; each unit is a 3‑bedroom, 2‑bath floor plan with open‑concept kitchen overlooking the living area; Upstairs unit includes a balcony; same floor plan as the downstairs unit
