Renovated Duplex Investment
For Sale
$205,000
12002 Highland Avenue, Gulfport, MS 39503
Fully renovated duplex with leases in place, great investment.
Property Size2,095 SF
Price / SF$97.85
Days on Market102
Property Features for 12002 Highland Avenue
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Multi Family
Building Details
Year Built
2010
Listing Agency:
Coldwell Banker Smith Home Rltrs-Gautier
(228) 218-0616
Listed By:
Twila A Peterson · License #B15078
(228) 218-0616
Source:
Compass
Added: Apr 20
Changed: Jul 10
Last Checked: Jul 30 at 1:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Smith Home Rltrs-Gautier
Investment Insights
Based on property information with market context.
This is a unique investment opportunity featuring a fully renovated and updated duplex. The property has fresh paint inside and out, new flooring, appliances, and an updated HVAC system. Located conveniently close to shopping, entertainment, dining, and other amenities. Each unit features a 3-bedroom, 2-bath configuration with an open-concept kitchen overlooking the living area. The bedrooms are generously sized and include closets. Each unit includes a range, microwave, dishwasher, and refrigerator. Stackable washer and dryer hookups are available in each unit. The upstairs unit features the same floor plan and includes a balcony. Both units are currently rented and under lease. The property size is 2095 square feet.
Key Highlights
- Fully renovated and updated units with new/recently serviced systems.
- Each unit features a desirable 3 bedroom / 2 bath configuration.
- Property is currently generating income with both units rented and under lease.
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 6.43%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.3K
NOI $11,716 @ 7.0% cap · market cap 5.72%
Theoretical Best
Healthcare Medical
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Fully renovated duplex with leases in place, great investment.
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 $205,000.
What are key features of this property?
This property features: Fully renovated and updated units with new/recently serviced systems.; Each unit features a desirable 3 bedroom / 2 bath configuration.; Property is currently generating income with both units rented and under lease.
