Duplex with Private
For Sale
$199,900
12002 Highland Avenue, Gulfport, MS 39503
Residential Income, Gulfport, MS
Property Size2,095 SF
Lot Size0.11 Acres
Price / SF$95.42
Days on Market143
Property Features for 12002 Highland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family & Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2
Parking
2
Parking features
Driveway
Window features
Aluminum Frames, Double Pane Windows, Window Treatments
Patio and Porch features
Porch
Pets allowed
Cats OK, Dogs OK
Exterior features
Balcony
Appliances
Range, Disposal, Microwave, Refrigerator, Dishwasher, Free-Standing Electric Range
Subdivision
The Meadows
Lot features
Corner Lot, Level, Cleared, City Lot, Corner Lot, Level, Cleared, City Lot
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
HOA Fee
$76 Monthly
Legal Description
LOT 110 MEADOWS OF GULFPORT PH 1 SEC 2-7-11
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
2010
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Shingle
Listing Agency:
Coldwell Banker Smith Home Rltrs-Gautier · Coldwell Banker Real Estate
(228) 497-1800
Listed By:
Twila A Peterson · License #B15078
(228) 218-0616
Added: May 26
Changed: Oct 8
Last Checked: Oct 15 at 11:06AM
MLS# 4150581
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 2,095-square-foot duplex, built in 2010, contains two residences, each arranged with three bedrooms and two bathrooms. Both have an open kitchen connected to the living area, and the upper residence includes a balcony. Range, microwave, dishwasher, and refrigerator are included in each unit; stackable washer-dryer hookups are also provided. Recent improvements include interior and exterior paint, flooring, appliances, and HVAC service or replacement. The property occupies a 0.11-acre lot in Gulfport. Both residences are leased, and showings require 24 hours’ notice.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,095 square feet on a 0.11‑acre lot
- Both residences are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,185
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,700
$263.7K
Cap Rate 7%
$188,357
$188.4K
Cap Rate 9%
$146,500
$146.5K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$20.4K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.8K $8.99/SF
− OpEx
−$5.7K −$2.70/SF
NOI
$13.2K $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 Rate 5%
$263,700
Cap Rate 7%
$188,357
Cap Rate 9%
$146,500
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 39503, MS
53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences provide matching three-bedroom layouts with updated interiors and separate washer-dryer hookups.
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: Two units, each with 3 bedrooms and 2 bathrooms; 2,095 square feet on a 0.11‑acre lot; Both residences are leased
