Fully Renovated Duplex
For Sale
$199,900
12002 Highland Avenue, Gulfport, MS 39503
MULTI_FAMILY - Gulfport, MS
Property Size2,095 SF
Lot Size0.11 Acres
Price / SF$95.42
Days on Market66
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
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 6
Parking
2
Window features
Aluminum Frames, Double Pane Windows, Window Treatments
Patio and Porch features
Porch
Pets allowed
Cats OK, Dogs OK
Appliances
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
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 · Coldwell Banker Real Estate
(228) 497-1800
Listed By:
Twila A Peterson · License #B15078
(228) 218-0616
Added: May 26
Changed: Jul 24
Last Checked: Jul 30 at 6:06PM
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 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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Frequently Asked Questions
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
